NURS 2514 Week 2 Exam Questions With
Verified Answers
What is neoliberalism?
a) A political ideology associated with a specific liberal political party that promotes
progressive social policies
b) Erosion of government regulation and funding of health and human services and
replaced with a private market economy
c) Prioritizes a comprehensive welfare state, aiming to provide extensive social services
to ensure the well-being of citizens
d) Improve health equity for all members of the public by implementing robust public
health programs and social safety nets - ANSWER b) Erosion of government regulation
and funding of health and human services and replaced with a private market economy
Favours privatization over public sector services, regressive taxation measures and
free market over government regulation
What is globalization?
a) Refers to the process of forming a unified global political entity, consolidating power
on a worldwide scale
b) The advocacy for self-sufficiency and limited international interactions to protect
national interests
c) Nations, businesses and people becoming more connected and interdependent via
increased economic integration and communication exchange, cultural diffusion and
travel
d) Isolate nations and minimize cross-border collaborations, emphasizing autonomy in
decision-making - ANSWER c) Nations, businesses and people becoming more
connected and interdependent via increased economic integration and communication
exchange, cultural diffusion and travel
What is economic globalization?
a) Integrating the world's economy, happens through moving technology, services,
good and is influenced by global conditions
b) Advocating for the complete isolation of national economies, emphasizing
self-sufficiency and minimizing international trade
, c) A political movement that seeks to centralize economic power within specific nations,
discouraging collaboration with the global community
d) Prioritize protectionist policies, ensuring that domestic industries are shielded from
international competition - ANSWER a) Integrating the world's economy, happens
through moving technology, services, good and is influenced by global conditions
How has neocolonialism/neoliberalism impacted the developing world?
a) Preservation of cultural diversity and protection of traditional ways of life
b) Contributed to poverty and increased global burden of disease
c) Resulted in enhanced political stability and strengthened governance structures in
the developing world
d) Led to the strengthening of local economies, fostering self-sufficiency and reducing
dependence on external influences - ANSWER b) Contributed to poverty and increased
global burden of disease
What was Bretton Woods?
a) Refers to a series of international economic conferences held in the 19th century,
focused on promoting free trade and global economic cooperation
b) Signifies a historical alliance between European nations during the Cold War, aimed
at countering the influence of the Soviet Union
c) Marked the end of the gold standard, encouraging countries to peg their currencies
to the value of gold for enhanced financial stability
d) A plan that would enable a balance between international trade and national welfare
policies, creating the International Monetary Fund and the World Bank - ANSWER d) A
plan that would enable a balance between international trade and national welfare
policies, creating the International Monetary Fund and the World Bank
The role of this organization was to establish exchange rates and provide emergency
loans to countries.
a) World Bank
b) International Monetary Fund
c) United Nations
d) General Agreement on Tariffs and Trades - ANSWER b) International Monetary Fund
The role of this organization was to provide development and postwar construction
funds as well as technical assistance to developing countries seeking to attract foreign
investments.
Verified Answers
What is neoliberalism?
a) A political ideology associated with a specific liberal political party that promotes
progressive social policies
b) Erosion of government regulation and funding of health and human services and
replaced with a private market economy
c) Prioritizes a comprehensive welfare state, aiming to provide extensive social services
to ensure the well-being of citizens
d) Improve health equity for all members of the public by implementing robust public
health programs and social safety nets - ANSWER b) Erosion of government regulation
and funding of health and human services and replaced with a private market economy
Favours privatization over public sector services, regressive taxation measures and
free market over government regulation
What is globalization?
a) Refers to the process of forming a unified global political entity, consolidating power
on a worldwide scale
b) The advocacy for self-sufficiency and limited international interactions to protect
national interests
c) Nations, businesses and people becoming more connected and interdependent via
increased economic integration and communication exchange, cultural diffusion and
travel
d) Isolate nations and minimize cross-border collaborations, emphasizing autonomy in
decision-making - ANSWER c) Nations, businesses and people becoming more
connected and interdependent via increased economic integration and communication
exchange, cultural diffusion and travel
What is economic globalization?
a) Integrating the world's economy, happens through moving technology, services,
good and is influenced by global conditions
b) Advocating for the complete isolation of national economies, emphasizing
self-sufficiency and minimizing international trade
, c) A political movement that seeks to centralize economic power within specific nations,
discouraging collaboration with the global community
d) Prioritize protectionist policies, ensuring that domestic industries are shielded from
international competition - ANSWER a) Integrating the world's economy, happens
through moving technology, services, good and is influenced by global conditions
How has neocolonialism/neoliberalism impacted the developing world?
a) Preservation of cultural diversity and protection of traditional ways of life
b) Contributed to poverty and increased global burden of disease
c) Resulted in enhanced political stability and strengthened governance structures in
the developing world
d) Led to the strengthening of local economies, fostering self-sufficiency and reducing
dependence on external influences - ANSWER b) Contributed to poverty and increased
global burden of disease
What was Bretton Woods?
a) Refers to a series of international economic conferences held in the 19th century,
focused on promoting free trade and global economic cooperation
b) Signifies a historical alliance between European nations during the Cold War, aimed
at countering the influence of the Soviet Union
c) Marked the end of the gold standard, encouraging countries to peg their currencies
to the value of gold for enhanced financial stability
d) A plan that would enable a balance between international trade and national welfare
policies, creating the International Monetary Fund and the World Bank - ANSWER d) A
plan that would enable a balance between international trade and national welfare
policies, creating the International Monetary Fund and the World Bank
The role of this organization was to establish exchange rates and provide emergency
loans to countries.
a) World Bank
b) International Monetary Fund
c) United Nations
d) General Agreement on Tariffs and Trades - ANSWER b) International Monetary Fund
The role of this organization was to provide development and postwar construction
funds as well as technical assistance to developing countries seeking to attract foreign
investments.
