Question 1

Describe one positive effort of the World Bank and IMF and one negative aspect.

Accepted Answer

One positive contribution has been loans to developing nations to increase their economy. They have helped when they have given consideration to the particular needs and conditions of the country being aided. One negative result is that they have sometimes increased their debt and dependence on richer nations. They have often harmed the countries when they have not sufficiently recognized that one size does not fit all.

Question 2

According to Peter Singer, helping people in famine ridden countries and areas is a matter of charity not obligation or duty.

Accepted Answer

A) True 
 B)False  False

Question 3

What percentage of American farm subsidies goes to the richest 10% of farmers?

Accepted Answer

A)  90 
B)  60 
C)  40 
D)  20 A

Question 4

One of the ways to evaluate ethically the policies of the IMF and World Bank is whether they have done more good than harm or the opposite.

Accepted Answer

A) True 
 B)False

Question 5

One significant difference between matters of charity and matters of justice is that the former is more flexible or optional than the latter.

Accepted Answer

A) True 
 B)False

Question 6

Use the two concepts of justice, the process view and the end state view, to discuss the ethical problem of economic justice on a world wide level.

Accepted Answer

The answer of Use the two concepts of justice, the...

Question 7

Which of the following is not mentioned by Herman Daly as a consequence of globalization?

Accepted Answer

A)  Competition results in lower standards 
B)  Increased educational development 
C)  Increased tolerance of mergers and monopoly 
D)  Intense national specialization

Question 8

It is clear that globalization has contributed more to stability and peace than to dissention and conflict around the world.

Accepted Answer

A) True 
 B)False

Question 9

Self interest rationales for helping develop poorer countries include all the following except

Accepted Answer

A)  Creating markets for our products 
B)  Creating opportunity for indigenous peoples 
C)  Reduce terrorism 
D)  Preserve the environment

Question 10

Which of the following is not mentioned as a result of the World Bank and the International Monetary Fund?

Accepted Answer

A)  Harmed rather than helped development of Third World countries 
B)  Made poorer countries unable to compete 
C)  Led to international terrorism 
D)  Drove local banks out of business

Question 11

According to free market capitalism, free markets lead to all of the following except

Accepted Answer

A)  Reduction in nationalism 
B)  Free minds 
C)  Political liberty 
D)  Democracy

Question 12

Technological advancements are

Accepted Answer

A)  Benefiting all nations 
B)  Increasing the economic disparity between rich and poor nations 
C)  Leaving the economic health of nations about the same 
D)  Especially benefiting poor nations

Question 13

The gap between rich and poor nations has greatly narrowed over the last 3 decades.

Accepted Answer

A) True 
 B)False

Question 14

What percentage of people with HIV/AIDS live in sub-Saharan Africa?

Accepted Answer

A)  27 
B)  46 
C)  61 
D)  74

Question 15

Among the indicators of economic development of a country are standard of living, life expectancy, and literacy.

Accepted Answer

A) True 
 B)False

Question 16

What is the position of Franz Fannon in his work, The Wretched of the Earth ?

Accepted Answer

The answer of What is the position of Franz Fannon...

Question 17

The World Bank argues that reducing farm subsidies to farmers in Western countries would

Accepted Answer

A)  Create unfair advantages for countries 
B)  Threaten the global food supply 
C)  Allow millions of people worldwide to escape poverty 
D)  Lead to a major shift in economic positioning

Question 18

The global human population is growing at the rate of

Accepted Answer

A)  2000 an hour 
B)  200,000 a day 
C)  20,000,000 a year 
D)  200,000,000 a year

Question 19

What is the average wage of a person working in a call center in India (in US dollar equivalency)?

Accepted Answer

A)  90-120 per month 
B)  600-800 per month 
C)  200-400 per month 
D)  1200-1400 per month

Exam 19: Global Issues and Globalization

Describe one positive effort of the World Bank and IMF and one negative aspect.

According to Peter Singer, helping people in famine ridden countries and areas is a matter of charity not obligation or duty.

What percentage of American farm subsidies goes to the richest 10% of farmers?

One of the ways to evaluate ethically the policies of the IMF and World Bank is whether they have done more good than harm or the opposite.

One significant difference between matters of charity and matters of justice is that the former is more flexible or optional than the latter.

Use the two concepts of justice, the process view and the end state view, to discuss the ethical problem of economic justice on a world wide level.

Which of the following is not mentioned by Herman Daly as a consequence of globalization?

It is clear that globalization has contributed more to stability and peace than to dissention and conflict around the world.

Self interest rationales for helping develop poorer countries include all the following except

Which of the following is not mentioned as a result of the World Bank and the International Monetary Fund?

According to free market capitalism, free markets lead to all of the following except

Technological advancements are

The gap between rich and poor nations has greatly narrowed over the last 3 decades.

What percentage of people with HIV/AIDS live in sub-Saharan Africa?

Among the indicators of economic development of a country are standard of living, life expectancy, and literacy.

What is the position of Franz Fannon in his work, The Wretched of the Earth ?

The World Bank argues that reducing farm subsidies to farmers in Western countries would

The global human population is growing at the rate of

What is the average wage of a person working in a call center in India (in US dollar equivalency) ?