Question 1

Import-substitution industrialization (ISI) is a strategy for economic development that depends upon:

Accepted Answer

A)  Protectionist trade policies to reduce imports 
B)  Tight exchange rate controls 
C)  Strong subsidies for state-owned enterprises (SOEs) and domestically oriented private firms 
D)  All of the above 
E)  None of the above 
A)  Protectionist trade policies to reduce imports 
B)  Tight exchange rate controls 
C)  Strong subsidies for state-owned enterprises (SOEs) and domestically oriented private firms 
D)  All of the above 
E)  None of the above

Question 2

By deciding on where to invest, global corporations are seen to play states off against one another in order to obtain benefits in terms of:

Accepted Answer

A)  Political support and financial incentives 
B)  Favorable environmental regulations 
C)  Market access 
D)  All of the above 
E)  None of the above 
A)  Political support and financial incentives 
B)  Favorable environmental regulations 
C)  Market access 
D)  All of the above 
E)  None of the above

Question 3

In contrast to ISI strategies, export-oriented industrialization (EOI) programs are characterized by:

Accepted Answer

A)  Boosting the value of currencies to increase export competitiveness 
B)  Withdrawing state incentives that promote large export-oriented firms 
C)  Decreasing regulation of union activities 
D)  All of the above 
E)  None of the above 
A)  Boosting the value of currencies to increase export competitiveness 
B)  Withdrawing state incentives that promote large export-oriented firms 
C)  Decreasing regulation of union activities 
D)  All of the above 
E)  None of the above

Question 4

Refers to the state's endeavors to uphold the "fairness" of the market mechanism:

Accepted Answer

A)  Fiscal correction 
B)  Market justice 
C)  Market regulation 
D)  All of the above 
E)  None of the above 
A)  Fiscal correction 
B)  Market justice 
C)  Market regulation 
D)  All of the above 
E)  None of the above

Question 5

By early 2011 the World Trade Organization (WTO) had 153 members, accounting for _______ of global trade.

Accepted Answer

A)  97% 
B)  60% 
C)  52% 
D)  40% 
E)  7% 
A)  97% 
B)  60% 
C)  52% 
D)  40% 
E)  7%

Question 6

_________________ is an international organization with the means and resources to influence economic governance at the global scale.

Accepted Answer

A)  World Bank (W
B)  
B)  International Monetary Fund (IMF) 
C)  World Trade Organization (WTO) 
D)  All of the above 
E)  None of the above 
A)  World Bank (W
B)  
B)  International Monetary Fund (IMF) 
C)  World Trade Organization (WTO) 
D)  All of the above 
E)  None of the above

Question 7

Business enterprises in which the state has a direct or indirect stake and yet leaves the management to professional managers.

Accepted Answer

A)  Government-linked corporations (GLCs) 
B)  Foreign-owned enterprises (FOEs) 
C)  State-owned enterprises (SOEs) 
D)  All of the above 
E)  None of the above 
A)  Government-linked corporations (GLCs) 
B)  Foreign-owned enterprises (FOEs) 
C)  State-owned enterprises (SOEs) 
D)  All of the above 
E)  None of the above

Question 8

Property rights are enforced by the state and refer to the right of an individual or a corporate entity to own:

Accepted Answer

A)  Land 
B)  Ideas 
C)  Buildings 
D)  All of the above 
E)  None of the above 
A)  Land 
B)  Ideas 
C)  Buildings 
D)  All of the above 
E)  None of the above

Question 9

Interventionist measures by developmental states include:

Accepted Answer

A)  Developing elite state-sponsored economic agencies and strategic industrial policies 
B)  Decisions to nurture only certain industries 
C)  Creating a range of "national champion" firms 
D)  All of the above 
E)  None of the above 
A)  Developing elite state-sponsored economic agencies and strategic industrial policies 
B)  Decisions to nurture only certain industries 
C)  Creating a range of "national champion" firms 
D)  All of the above 
E)  None of the above

Question 10

During a financial crisis the state often steps in, becoming an institution of last resort and the ultimate _______________ of crucial economic instruments.

Accepted Answer

A)  Opponent 
B)  Guarantor 
C)  Rival 
D)  All of the above 
E)  None of the above 
A)  Opponent 
B)  Guarantor 
C)  Rival 
D)  All of the above 
E)  None of the above

Question 11

Political governance systems and the organization of economic institutions represent two broad criteria for distinguishing:

Accepted Answer

A)  Varieties of states 
B)  Public goods and services from market alternatives 
C)  Domestic protectionism 
D)  All of the above 
E)  None of the above 
A)  Varieties of states 
B)  Public goods and services from market alternatives 
C)  Domestic protectionism 
D)  All of the above 
E)  None of the above

Question 12

Provide three examples of how state functions may be "hollowed out."

Accepted Answer

1. Privatization of state services: When

Question 13

Many states have established fair trade commissions and anti-monopoly units to ensure market ______________ in different industries.

Accepted Answer

A)  Competition 
B)  Exclusivity 
C)  Dominance 
D)  All of the above 
E)  None of the above 
A)  Competition 
B)  Exclusivity 
C)  Dominance 
D)  All of the above 
E)  None of the above

Question 14

___________________ is a political and economic ideology based on a strong belief in individual liberty, markets, and private enterprise.

Accepted Answer

A)  Globalization 
B)  Developmentalism 
C)  Authoritarianism 
D)  Neoliberalism 
E)  Communalism 
A)  Globalization 
B)  Developmentalism 
C)  Authoritarianism 
D)  Neoliberalism 
E)  Communalism

Question 15

_____________________ is a macro-regional bloc where trade restrictions between member states are removed, but states retain their individual trading arrangements with nonmembers

Accepted Answer

A)  Customs union 
B)  Free-trade area 
C)  Economic union 
D)  All of the above 
E)  None of the above 
A)  Customs union 
B)  Free-trade area 
C)  Economic union 
D)  All of the above 
E)  None of the above

Question 16

In welfare states, labor unions and state institutions play a _______________________ role in corporate governance and firm behavior.

Accepted Answer

A)  Negligible 
B)  Less direct 
C)  Less representative 
D)  All of the above 
E)  None of the above 
A)  Negligible 
B)  Less direct 
C)  Less representative 
D)  All of the above 
E)  None of the above

Question 17

States often actively manage trade in the interests of ____________________ producers.

Accepted Answer

A)  Domestic 
B)  Foreign 
C)  Successful 
D)  All of the above 
E)  None of the above 
A)  Domestic 
B)  Foreign 
C)  Successful 
D)  All of the above 
E)  None of the above

Question 18

In an era of accelerated globalization, the contemporary state plays a very important role in regulating cross-border flows of:

Accepted Answer

A)  Capital 
B)  People 
C)  Knowledge 
D)  All of the above 
E)  None of the above 
A)  Capital 
B)  People 
C)  Knowledge 
D)  All of the above 
E)  None of the above

Question 19

The state's primary source of legitimacy originates from its:

Accepted Answer

A)  Citizens 
B)  Territory 
C)  Geography 
D)  All of the above 
E)  None of the above 
A)  Citizens 
B)  Territory 
C)  Geography 
D)  All of the above 
E)  None of the above

Question 20

As new centers of growth and profit in the modern era, countries such as Brazil, Russia, India, and China are commonly referred to as the:

Accepted Answer

A)  "BRIC" economies 
B)  "Hyperglobal nations" 
C)  "Asian Tigers" 
D)  All of the above 
E)  None of the above 
A)  "BRIC" economies 
B)  "Hyperglobal nations" 
C)  "Asian Tigers" 
D)  All of the above 
E)  None of the above

Import-substitution industrialization (ISI) is a strategy for economic development that depends upon:

By deciding on where to invest, global corporations are seen to play states off against one another in order to obtain benefits in terms of:

In contrast to ISI strategies, export-oriented industrialization (EOI) programs are characterized by:

Refers to the state's endeavors to uphold the "fairness" of the market mechanism:

By early 2011 the World Trade Organization (WTO) had 153 members, accounting for _______ of global trade.

_________________ is an international organization with the means and resources to influence economic governance at the global scale.

Business enterprises in which the state has a direct or indirect stake and yet leaves the management to professional managers.

Property rights are enforced by the state and refer to the right of an individual or a corporate entity to own:

Interventionist measures by developmental states include:

During a financial crisis the state often steps in, becoming an institution of last resort and the ultimate _______________ of crucial economic instruments.

Political governance systems and the organization of economic institutions represent two broad criteria for distinguishing:

Provide three examples of how state functions may be "hollowed out."

Many states have established fair trade commissions and anti-monopoly units to ensure market ______________ in different industries.

___________________ is a political and economic ideology based on a strong belief in individual liberty, markets, and private enterprise.

_____________________ is a macro-regional bloc where trade restrictions between member states are removed, but states retain their individual trading arrangements with nonmembers

In welfare states, labor unions and state institutions play a _______________________ role in corporate governance and firm behavior.

States often actively manage trade in the interests of ____________________ producers.

In an era of accelerated globalization, the contemporary state plays a very important role in regulating cross-border flows of:

The state's primary source of legitimacy originates from its:

As new centers of growth and profit in the modern era, countries such as Brazil, Russia, India, and China are commonly referred to as the:

Thinking Geographically

The Economy: What Does It Mean

Capitalism in Motion: Why Is Economic Growth so Uneven

Environmenteconomy:

Labor Power: Can Workers Shape

Making Money: Why Has Finance

Commodity Chainswhere Does

Technological Changeis the World Getting Smaller

The Transnational Corporationhow Does the Global Firm Keep It All Together

Spaces of Salehow and Where Do We Shop

Clusterswhy Do Proximity and Place Matter

Gendered Economies: Does Gender Shape Economic Lives

Ethnic Economiesdo Cultures Have Economies

Consumptionyou Are What You Buy

Economic Geography: Intellectual Journeys and Future Horizons

Filters

Exam 4: The Statewho Runs the Economy

Import-substitution industrialization (ISI) is a strategy for economic development that depends upon:

By deciding on where to invest, global corporations are seen to play states off against one another in order to obtain benefits in terms of:

In contrast to ISI strategies, export-oriented industrialization (EOI) programs are characterized by:

Refers to the state's endeavors to uphold the "fairness" of the market mechanism:

By early 2011 the World Trade Organization (WTO) had 153 members, accounting for _______ of global trade.

_________________ is an international organization with the means and resources to influence economic governance at the global scale.

Business enterprises in which the state has a direct or indirect stake and yet leaves the management to professional managers.

Property rights are enforced by the state and refer to the right of an individual or a corporate entity to own:

Interventionist measures by developmental states include:

During a financial crisis the state often steps in, becoming an institution of last resort and the ultimate _______________ of crucial economic instruments.

Political governance systems and the organization of economic institutions represent two broad criteria for distinguishing:

Provide three examples of how state functions may be "hollowed out."

Many states have established fair trade commissions and anti-monopoly units to ensure market ______________ in different industries.

___________________ is a political and economic ideology based on a strong belief in individual liberty, markets, and private enterprise.

_____________________ is a macro-regional bloc where trade restrictions between member states are removed, but states retain their individual trading arrangements with nonmembers

In welfare states, labor unions and state institutions play a _______________________ role in corporate governance and firm behavior.

States often actively manage trade in the interests of ____________________ producers.

In an era of accelerated globalization, the contemporary state plays a very important role in regulating cross-border flows of:

The state's primary source of legitimacy originates from its:

As new centers of growth and profit in the modern era, countries such as Brazil, Russia, India, and China are commonly referred to as the:

Thinking Geographically

The Economy: What Does It Mean

Capitalism in Motion: Why Is Economic Growth so Uneven

Environmenteconomy:

Labor Power: Can Workers Shape

Making Money: Why Has Finance

Commodity Chainswhere Does

Technological Changeis the World Getting Smaller

The Transnational Corporationhow Does the Global Firm Keep It All Together

Spaces of Salehow and Where Do We Shop

Clusterswhy Do Proximity and Place Matter

Gendered Economies: Does Gender Shape Economic Lives

Ethnic Economiesdo Cultures Have Economies

Consumptionyou Are What You Buy

Economic Geography: Intellectual Journeys and Future Horizons

Filters