Question 1

Which term refers to the strategy of producing domestically those goods that a country has been importing?

Accepted Answer

A)  Import substitution 
B)  Export promotion 
C)  Terms of trade 
D)  Late development 
A)  Import substitution 
B)  Export promotion 
C)  Terms of trade 
D)  Late development

Question 2

In the second half of the twentieth century, import substitution was dominant in

Accepted Answer

A)  Latin America, India, and parts of Africa. 
B)  Africa. 
C)  Latin America. 
D)  Europe. 
A)  Latin America, India, and parts of Africa. 
B)  Africa. 
C)  Latin America. 
D)  Europe.

Question 3

The Gini Coefficient refers to the

Accepted Answer

A)  percentage breakdown of those living below and above the poverty line. 
B)  income ratio of the top and bottom fractions of society. 
C)  relative rise in income for certain segments of society. 
D)  absolute rise of a country's income. 
A)  percentage breakdown of those living below and above the poverty line. 
B)  income ratio of the top and bottom fractions of society. 
C)  relative rise in income for certain segments of society. 
D)  absolute rise of a country's income.

Question 4

Which of the following is not an important function of the World Bank?

Accepted Answer

A)  Economic policy recommendations. 
B)  Lending programs. 
C)  Peacekeeping forces. 
D)  research on development issues. 
A)  Economic policy recommendations. 
B)  Lending programs. 
C)  Peacekeeping forces. 
D)  research on development issues.

Question 5

According to the Fair Labor Association's "Workplace Code of Conduct," which of the following ages is too young to work under any circumstance?

Accepted Answer

A)  15 
B)  14 
C)  13 
D)  16 
A)  15 
B)  14 
C)  13 
D)  16

Question 6

Discuss the benefits and risks with foreign aid. In what way does foreign aid help a country to develop and in what way does it hinder its development?

Accepted Answer

Foreign aid can have both benefits and r

Question 7

Which is NOT a strategy that allowed Germany to achieve development in the nineteenth century?

Accepted Answer

A)  Taxation 
B)  A first-rate education system 
C)  Protectionism 
D)  Central planning 
A)  Taxation 
B)  A first-rate education system 
C)  Protectionism 
D)  Central planning

Question 8

Which country has the second highest percentage of voting shares at the World Bank?

Accepted Answer

A)  Japan 
B)  Germany 
C)  United States 
D)  France 
A)  Japan 
B)  Germany 
C)  United States 
D)  France

Question 9

After the Asian financial crisis of 1997-1998, East Asian economics were exposed for corrupt close connections. The term coined by this corruption was

Accepted Answer

A)  Asian Tigers. 
B)  crony capitalism. 
C)  The Asian Kittens. 
D)  Hong Kong capitalism. 
A)  Asian Tigers. 
B)  crony capitalism. 
C)  The Asian Kittens. 
D)  Hong Kong capitalism.

Question 10

An economic effect whereby an increase in spending (for example, of funds provided to a country by a donor) produces an increase in national income and consumption greater than the initial amount spent is called the

Accepted Answer

A)  untied aid. 
B)  multiplier effect. 
C)  export-led growth effect. 
D)  network effect. 
A)  untied aid. 
B)  multiplier effect. 
C)  export-led growth effect. 
D)  network effect.

Question 11

Which of the following is not a part of the World Bank structure?

Accepted Answer

A)  The International Monetary Fund 
B)  International Bank for Reconstruction and Development 
C)  The International Development Association 
D)  The International Finance Corporation 
A)  The International Monetary Fund 
B)  International Bank for Reconstruction and Development 
C)  The International Development Association 
D)  The International Finance Corporation

Question 12

What is bilateral aid? Discuss some of the many problems often associated with such aid, particularly from the point of view of the receiving country. Provide examples where possible.

Accepted Answer

Bilateral aid refers to the provision of

Question 13

By the 1980s, donor countries and organizations had reached an understanding on development strategy that was based on the values of open economies and free trade. This was known as the

Accepted Answer

A)  Bretton Woods Agreement. 
B)  North American Free Trade Agreement. 
C)  International Monetary Fund Treaty. 
D)  Washington consensus. 
A)  Bretton Woods Agreement. 
B)  North American Free Trade Agreement. 
C)  International Monetary Fund Treaty. 
D)  Washington consensus.

Question 14

Purchasing power parity (PPP) is especially insightful because it takes into account

Accepted Answer

A)  the different costs of goods in different countries. 
B)  the percentage of a society living under conditions of poverty. 
C)  the absolute costs of living in any one country. 
D)  a relatively simple calculation of the cost of living. 
A)  the different costs of goods in different countries. 
B)  the percentage of a society living under conditions of poverty. 
C)  the absolute costs of living in any one country. 
D)  a relatively simple calculation of the cost of living.

Question 15

Although the price of oil and some commodities has increased in recent years, the price of most raw materials has declined. For countries that primarily produce raw materials, this development has led to

Accepted Answer

A)  declining terms of trade. 
B)  a rise in terms of trade. 
C)  opportunities to rely on inexpensive labor. 
D)  an increase in the export of raw materials. 
A)  declining terms of trade. 
B)  a rise in terms of trade. 
C)  opportunities to rely on inexpensive labor. 
D)  an increase in the export of raw materials.

Question 16

The International Bank for Reconstruction and Development (IBRD) focuses on __________, whereas the International Development Association (IDA) focuses on __________.

Accepted Answer

A)  middle-income countries and poorer countries considered to be a good risk in terms of repaying loans; the poorest countries, who may have considerable difficulty paying back any aid 
B)  the poorest countries, who may have considerable difficulty paying back any aid; middle-income countries and poorer countries considered to be a good risk in terms of repaying loans 
C)  middle-income countries who are considered to be a good risk; lower-income countries who are considered to be a good risk 
D)  lower income countries who are considered to be a good risk; lower-income countries who are considered to be a poor risk 
A)  middle-income countries and poorer countries considered to be a good risk in terms of repaying loans; the poorest countries, who may have considerable difficulty paying back any aid 
B)  the poorest countries, who may have considerable difficulty paying back any aid; middle-income countries and poorer countries considered to be a good risk in terms of repaying loans 
C)  middle-income countries who are considered to be a good risk; lower-income countries who are considered to be a good risk 
D)  lower income countries who are considered to be a good risk; lower-income countries who are considered to be a poor risk

Question 17

Interdependence and globalization have demonstrated that poverty in other countries can

Accepted Answer

A)  facilitate economic growth in the rich countries. 
B)  infuse stronger feelings of nationalism in the poor countries. 
C)  spill over from poor to rich countries through migration, crime, and health problems. 
D)  unite countries through international organizations. 
A)  facilitate economic growth in the rich countries. 
B)  infuse stronger feelings of nationalism in the poor countries. 
C)  spill over from poor to rich countries through migration, crime, and health problems. 
D)  unite countries through international organizations.

Question 18

The early industrialists of the United States, Germany, and Japan relied heavily on

Accepted Answer

A)  free trade. 
B)  private investment. 
C)  protectionism. 
D)  democratic institutions. 
A)  free trade. 
B)  private investment. 
C)  protectionism. 
D)  democratic institutions.

Question 19

The export led growth countries pursued a policy of "going where the money is." This was referred to as

Accepted Answer

A)  investing capital in the rich countries of the world. 
B)  borrowing capital from rich countries. 
C)  producing and selling goods for the international market. 
D)  importing heavily from rich countries. 
A)  investing capital in the rich countries of the world. 
B)  borrowing capital from rich countries. 
C)  producing and selling goods for the international market. 
D)  importing heavily from rich countries.

Question 20

In the second half of the twentieth century, export-led growth was dominant in

Accepted Answer

A)  Latin America. 
B)  Africa. 
C)  Europe. 
D)  East Asia. 
A)  Latin America. 
B)  Africa. 
C)  Europe. 
D)  East Asia.

Which term refers to the strategy of producing domestically those goods that a country has been importing?

In the second half of the twentieth century, import substitution was dominant in

The Gini Coefficient refers to the

Which of the following is not an important function of the World Bank?

According to the Fair Labor Association's "Workplace Code of Conduct," which of the following ages is too young to work under any circumstance?

Discuss the benefits and risks with foreign aid. In what way does foreign aid help a country to develop and in what way does it hinder its development?

Which is NOT a strategy that allowed Germany to achieve development in the nineteenth century?

Which country has the second highest percentage of voting shares at the World Bank?

After the Asian financial crisis of 1997-1998, East Asian economics were exposed for corrupt close connections. The term coined by this corruption was

An economic effect whereby an increase in spending (for example, of funds provided to a country by a donor) produces an increase in national income and consumption greater than the initial amount spent is called the

Which of the following is not a part of the World Bank structure?

What is bilateral aid? Discuss some of the many problems often associated with such aid, particularly from the point of view of the receiving country. Provide examples where possible.

By the 1980s, donor countries and organizations had reached an understanding on development strategy that was based on the values of open economies and free trade. This was known as the

Purchasing power parity (PPP) is especially insightful because it takes into account

Although the price of oil and some commodities has increased in recent years, the price of most raw materials has declined. For countries that primarily produce raw materials, this development has led to

The International Bank for Reconstruction and Development (IBRD) focuses on , whereas the International Development Association (IDA) focuses on .

Interdependence and globalization have demonstrated that poverty in other countries can

The early industrialists of the United States, Germany, and Japan relied heavily on

The export led growth countries pursued a policy of "going where the money is." This was referred to as

In the second half of the twentieth century, export-led growth was dominant in

Introduction Problems and Questions in International Politics

The Historical Evolution of International Politics

Theories of International Relations Realism and Liberalism

Theories of International Relations Economic Structuralism Constructivism and Feminism

The State Society and Foreign Policy

Bureaucracies Groups and Individuals in the Foreign Policy Process

International Organizations and Transnational Actors

International Insecurity and the Causes of War and Peace

The Use of Force

Fundamentals of International Political Economy

The Globalization of Trade and Finance

International Law Norms and Human Rights

The Global Environment and International Politics

Conclusion Power and Purpose in a Changing World

Filters

Exam 12: The Problem of Global Inequality

Which term refers to the strategy of producing domestically those goods that a country has been importing?

In the second half of the twentieth century, import substitution was dominant in

The Gini Coefficient refers to the

Which of the following is not an important function of the World Bank?

According to the Fair Labor Association's "Workplace Code of Conduct," which of the following ages is too young to work under any circumstance?

Discuss the benefits and risks with foreign aid. In what way does foreign aid help a country to develop and in what way does it hinder its development?

Which is NOT a strategy that allowed Germany to achieve development in the nineteenth century?

Which country has the second highest percentage of voting shares at the World Bank?

After the Asian financial crisis of 1997-1998, East Asian economics were exposed for corrupt close connections. The term coined by this corruption was

An economic effect whereby an increase in spending (for example, of funds provided to a country by a donor) produces an increase in national income and consumption greater than the initial amount spent is called the

Which of the following is not a part of the World Bank structure?

What is bilateral aid? Discuss some of the many problems often associated with such aid, particularly from the point of view of the receiving country. Provide examples where possible.

By the 1980s, donor countries and organizations had reached an understanding on development strategy that was based on the values of open economies and free trade. This was known as the

Purchasing power parity (PPP) is especially insightful because it takes into account

Although the price of oil and some commodities has increased in recent years, the price of most raw materials has declined. For countries that primarily produce raw materials, this development has led to

The International Bank for Reconstruction and Development (IBRD) focuses on __________, whereas the International Development Association (IDA) focuses on __________.

Interdependence and globalization have demonstrated that poverty in other countries can

The early industrialists of the United States, Germany, and Japan relied heavily on

The export led growth countries pursued a policy of "going where the money is." This was referred to as

In the second half of the twentieth century, export-led growth was dominant in

Introduction Problems and Questions in International Politics

The Historical Evolution of International Politics

Theories of International Relations Realism and Liberalism

Theories of International Relations Economic Structuralism Constructivism and Feminism

The State Society and Foreign Policy

Bureaucracies Groups and Individuals in the Foreign Policy Process

International Organizations and Transnational Actors

International Insecurity and the Causes of War and Peace

The Use of Force

Fundamentals of International Political Economy

The Globalization of Trade and Finance

International Law Norms and Human Rights

The Global Environment and International Politics

Conclusion Power and Purpose in a Changing World

Filters

The International Bank for Reconstruction and Development (IBRD) focuses on , whereas the International Development Association (IDA) focuses on .