Question 1

Which of the following was a leading liberal economist?

Accepted Answer

A)  David Ricardo. 
B)  Friedrich Engels. 
C)  Friedrich List. 
D)  Alexander Hamilton. 
A)  David Ricardo. 
B)  Friedrich Engels. 
C)  Friedrich List. 
D)  Alexander Hamilton. A

Question 2

What are industries called that have recently been established and are thought to have the potential to achieve comparative advantage if protected by the state?

Accepted Answer

A)  Competitive industry. 
B)  Infant industry. 
C)  State-owned industry. 
D)  Transnational industry. 
A)  Competitive industry. 
B)  Infant industry. 
C)  State-owned industry. 
D)  Transnational industry. B

Question 3

Who declared "We in America today are nearer to the final triumph over poverty than ever before in the history of any land"?

Accepted Answer

A)  Harry S. Truman. 
B)  Herbert Hoover. 
C)  Franklin D. Roosevelt. 
D)  Calvin Coolidge. 
A)  Harry S. Truman. 
B)  Herbert Hoover. 
C)  Franklin D. Roosevelt. 
D)  Calvin Coolidge. B

Question 4

Which of the following was not one of the original three pillars of the Bretton-Woods system?

Accepted Answer

A)  The World Bank. 
B)  The International Trade Organization. 
C)  The International Monetary Fund. 
D)  The General Agreement on Tariffs and Trade. 
A)  The World Bank. 
B)  The International Trade Organization. 
C)  The International Monetary Fund. 
D)  The General Agreement on Tariffs and Trade.

Question 5

What was the basic insight of the theory of comparative advantage?

Accepted Answer

A)  Efficiency can be achieved by minimizing opportunity costs. 
B)  Efficiency can be achieved by what a country could less expensively produce than its trading partners. 
C)  Efficiency is the result of self-sufficiency in all economic inputs. 
D)  Efficiency results from maximizing the number of a country's trading partners. 
A)  Efficiency can be achieved by minimizing opportunity costs. 
B)  Efficiency can be achieved by what a country could less expensively produce than its trading partners. 
C)  Efficiency is the result of self-sufficiency in all economic inputs. 
D)  Efficiency results from maximizing the number of a country's trading partners.

Question 6

Which of the following did America's first Secretary of the Treasury Alexander Hamilton advocate?

Accepted Answer

A)  Liberalism. 
B)  Marxism. 
C)  Constructivism. 
D)  Mercantilism. 
A)  Liberalism. 
B)  Marxism. 
C)  Constructivism. 
D)  Mercantilism.

Question 7

What does Section 301 of the 1974 US Trade Act deal with?

Accepted Answer

A)  Export controls. 
B)  Dumping of goods at below cost. 
C)  Agricultural subsidies. 
D)  Environmental regulations. 
A)  Export controls. 
B)  Dumping of goods at below cost. 
C)  Agricultural subsidies. 
D)  Environmental regulations.

Question 8

Which of the following WTO cases illustrates the difficulty in distinguishing between efforts to maintain health and safety standards and policies designed to protect domestic industry?

Accepted Answer

A)  The steel subsidies case. 
B)  The genetically modified foods case. 
C)  The agricultural subsidies case. 
D)  The enforcement of intellectual property rights. 
A)  The steel subsidies case. 
B)  The genetically modified foods case. 
C)  The agricultural subsidies case. 
D)  The enforcement of intellectual property rights.

Question 9

Who was the English privateer who pillaged Spanish treasure?

Accepted Answer

A)  Sir Walter Raleigh. 
B)  Sir John Hawkins. 
C)  Sir Francis Drake. 
D)  Captain Christopher Newport. 
A)  Sir Walter Raleigh. 
B)  Sir John Hawkins. 
C)  Sir Francis Drake. 
D)  Captain Christopher Newport.

Question 10

What norm underlies Marxism?

Accepted Answer

A)  Comparative advantage. 
B)  Political power. 
C)  Efficiency. 
D)  Equality. 
A)  Comparative advantage. 
B)  Political power. 
C)  Efficiency. 
D)  Equality.

Question 11

Which of the following is not a "hard" currency?

Accepted Answer

A)  The Mexican peso. 
B)  The Japanese yen. 
C)  The European euro. 
D)  The US dollar. 
A)  The Mexican peso. 
B)  The Japanese yen. 
C)  The European euro. 
D)  The US dollar.

Question 12

What was the first international monetary system called?

Accepted Answer

A)  The gold standard. 
B)  The barter system. 
C)  The silver standard. 
D)  The international monetary fund. 
A)  The gold standard. 
B)  The barter system. 
C)  The silver standard. 
D)  The international monetary fund.

Question 13

What was the most important banking family in Florence during the Renaissance?

Accepted Answer

A)  Leccacorvos. 
B)  Medicis. 
C)  Peruzzis. 
D)  Lombards. 
A)  Leccacorvos. 
B)  Medicis. 
C)  Peruzzis. 
D)  Lombards.

Question 14

Which of the following theorists influenced Immanuel Wallerstein?

Accepted Answer

A)  Adam Smith. 
B)  Karl Marx. 
C)  Jeremy Bentham. 
D)  Alexander Hamilton. 
A)  Adam Smith. 
B)  Karl Marx. 
C)  Jeremy Bentham. 
D)  Alexander Hamilton.

Question 15

Which of the following coined the term "mercantile system"?

Accepted Answer

A)  Adam Smith. 
B)  Karl Marx. 
C)  Jeremy Bentham. 
D)  Alexander Hamilton. 
A)  Adam Smith. 
B)  Karl Marx. 
C)  Jeremy Bentham. 
D)  Alexander Hamilton.

Question 16

What is a tax placed on imports called?

Accepted Answer

A)  A tariff. 
B)  A nontariff barrier. 
C)  A certificate of deposit. 
D)  A subsidy. 
A)  A tariff. 
B)  A nontariff barrier. 
C)  A certificate of deposit. 
D)  A subsidy.

Question 17

What was the Hanseatic League?

Accepted Answer

A)  A medieval trading group that united commercial cities along the Baltic Sea. 
B)  An alliance among the Italian city-states to repel a French invasion of Italy. 
C)  A British guild that represented cloth manufacturers. 
D)  A transnational religious order of knights located on the island of Rhodes. 
A)  A medieval trading group that united commercial cities along the Baltic Sea. 
B)  An alliance among the Italian city-states to repel a French invasion of Italy. 
C)  A British guild that represented cloth manufacturers. 
D)  A transnational religious order of knights located on the island of Rhodes.

Question 18

Which of the following is not a condition that the IMF usually sets when it loans money to a country?

Accepted Answer

A)  Increased spending on social programs. 
B)  Budget austerity. 
C)  Privatization of public enterprises. 
D)  High interest rates. 
A)  Increased spending on social programs. 
B)  Budget austerity. 
C)  Privatization of public enterprises. 
D)  High interest rates.

Question 19

What do Marxists call the process by which history evolves?

Accepted Answer

A)  Proletarian solidarity. 
B)  Dialectical materialism. 
C)  Capitalist overproduction. 
D)  Historical socialism. 
A)  Proletarian solidarity. 
B)  Dialectical materialism. 
C)  Capitalist overproduction. 
D)  Historical socialism.

Question 20

Which of the following was not part of the "Global Compact" signed between the UN and a number of transnational corporations.

Accepted Answer

A)  Forgive Third World debts. 
B)  Refuse to participate or condone human rights abuses. 
C)  Support freedom of association and recognize the right to collective bargaining. 
D)  Abolish child labor. 
A)  Forgive Third World debts. 
B)  Refuse to participate or condone human rights abuses. 
C)  Support freedom of association and recognize the right to collective bargaining. 
D)  Abolish child labor.

Which of the following was a leading liberal economist?

What are industries called that have recently been established and are thought to have the potential to achieve comparative advantage if protected by the state?

Who declared "We in America today are nearer to the final triumph over poverty than ever before in the history of any land"?

Which of the following was not one of the original three pillars of the Bretton-Woods system?

What was the basic insight of the theory of comparative advantage?

Which of the following did America's first Secretary of the Treasury Alexander Hamilton advocate?

What does Section 301 of the 1974 US Trade Act deal with?

Which of the following WTO cases illustrates the difficulty in distinguishing between efforts to maintain health and safety standards and policies designed to protect domestic industry?

Who was the English privateer who pillaged Spanish treasure?

What norm underlies Marxism?

Which of the following is not a "hard" currency?

What was the first international monetary system called?

What was the most important banking family in Florence during the Renaissance?

Which of the following theorists influenced Immanuel Wallerstein?

Which of the following coined the term "mercantile system"?

What is a tax placed on imports called?

What was the Hanseatic League?

Which of the following is not a condition that the IMF usually sets when it loans money to a country?

What do Marxists call the process by which history evolves?

Which of the following was not part of the "Global Compact" signed between the UN and a number of transnational corporations.

Prologue

An Introduction to Global Politics: Change and Continuity

The Evolution of the Interstate System and Alternative Political Systems

The World Wars

The Cold War

Decolonization and the Global South

Globalization: The New Frontier

Great Issues in Contemporary Global Politics

Causes of War

Technology and the Changing Face of War

International Law and Organization and the Quest for Peace

Identity Politics: Nationalism and Ethnicity

Human Rights

Human Security

The Environment: a Global Collective Good

Filters

Exam 13: International Political Economy

Which of the following was a leading liberal economist?

What are industries called that have recently been established and are thought to have the potential to achieve comparative advantage if protected by the state?

Who declared "We in America today are nearer to the final triumph over poverty than ever before in the history of any land"?

Which of the following was not one of the original three pillars of the Bretton-Woods system?

What was the basic insight of the theory of comparative advantage?

Which of the following did America's first Secretary of the Treasury Alexander Hamilton advocate?

What does Section 301 of the 1974 US Trade Act deal with?

Which of the following WTO cases illustrates the difficulty in distinguishing between efforts to maintain health and safety standards and policies designed to protect domestic industry?

Who was the English privateer who pillaged Spanish treasure?

What norm underlies Marxism?

Which of the following is not a "hard" currency?

What was the first international monetary system called?

What was the most important banking family in Florence during the Renaissance?

Which of the following theorists influenced Immanuel Wallerstein?

Which of the following coined the term "mercantile system"?

What is a tax placed on imports called?

What was the Hanseatic League?

Which of the following is not a condition that the IMF usually sets when it loans money to a country?

What do Marxists call the process by which history evolves?

Which of the following was not part of the "Global Compact" signed between the UN and a number of transnational corporations.

Prologue

An Introduction to Global Politics: Change and Continuity

The Evolution of the Interstate System and Alternative Political Systems

The World Wars

The Cold War

Decolonization and the Global South

Globalization: The New Frontier

Great Issues in Contemporary Global Politics

Causes of War

Technology and the Changing Face of War

International Law and Organization and the Quest for Peace

Identity Politics: Nationalism and Ethnicity

Human Rights

Human Security

The Environment: a Global Collective Good

Filters