Review Sheet for POLI/INTL 105 Exam 3
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Introduction to IPE - CORRECT ANSWER - Introduction to International Political
Economy.
Civilization Timeline - CORRECT ANSWER - A chronological representation of
significant historical events.
Computer/Digital Revolution - CORRECT ANSWER - The shift from traditional industry
to an economy based on information technology.
Impact of Globalization and Technological Change: Late 20th-early 21st Century - CORRECT
ANSWER - The effects of globalization and technological advancements during this
period.
Marxism vs. Capitalism: Capitalism Won - CORRECT ANSWER - The ideological
conflict where capitalism emerged as the dominant economic system.
Collapse of USSR and communist allies - CORRECT ANSWER - The disintegration of
the Soviet Union and its satellite states.
East Asian strategy success: Accept Globalization - CORRECT ANSWER - The
successful adoption of globalization strategies by East Asian countries.
Rapid Growth in Developing World - CORRECT ANSWER - Significant economic
expansion observed in developing nations.
Biggest increase in wealth in world history - CORRECT ANSWER - The unprecedented
rise in global wealth levels.
, Massive decrease in extreme poverty - CORRECT ANSWER - A significant reduction in
the number of people living in extreme poverty.
Rise of China and India - CORRECT ANSWER - The economic and political ascendance
of China and India on the global stage.
Slower Growth in Industrial World - CORRECT ANSWER - The reduced economic
growth rates experienced by industrialized nations.
Decline of manufacturing? - CORRECT ANSWER - The potential reduction in
manufacturing activity in certain economies.
Competition or Technology? - CORRECT ANSWER - The debate over whether
competition or technological advancement drives economic growth.
Great Recession 2008 sharpens the new argument - CORRECT ANSWER - The 2008
financial crisis intensified discussions on economic systems.
Liberal Capitalism vs. State Capitalism - CORRECT ANSWER - The contrast between
free-market capitalism and government-controlled capitalism.
Economic Liberalism - CORRECT ANSWER - An economic theory advocating for free
markets and minimal government intervention.
Capitalist - CORRECT ANSWER - An individual or entity that supports or engages in
capitalism.
Adam Smith - CORRECT ANSWER - An economist known as the father of modern
economics and author of 'The Wealth of Nations.'
UPDATED ACTUAL Exam Questions and
CORRECT Answers
Introduction to IPE - CORRECT ANSWER - Introduction to International Political
Economy.
Civilization Timeline - CORRECT ANSWER - A chronological representation of
significant historical events.
Computer/Digital Revolution - CORRECT ANSWER - The shift from traditional industry
to an economy based on information technology.
Impact of Globalization and Technological Change: Late 20th-early 21st Century - CORRECT
ANSWER - The effects of globalization and technological advancements during this
period.
Marxism vs. Capitalism: Capitalism Won - CORRECT ANSWER - The ideological
conflict where capitalism emerged as the dominant economic system.
Collapse of USSR and communist allies - CORRECT ANSWER - The disintegration of
the Soviet Union and its satellite states.
East Asian strategy success: Accept Globalization - CORRECT ANSWER - The
successful adoption of globalization strategies by East Asian countries.
Rapid Growth in Developing World - CORRECT ANSWER - Significant economic
expansion observed in developing nations.
Biggest increase in wealth in world history - CORRECT ANSWER - The unprecedented
rise in global wealth levels.
, Massive decrease in extreme poverty - CORRECT ANSWER - A significant reduction in
the number of people living in extreme poverty.
Rise of China and India - CORRECT ANSWER - The economic and political ascendance
of China and India on the global stage.
Slower Growth in Industrial World - CORRECT ANSWER - The reduced economic
growth rates experienced by industrialized nations.
Decline of manufacturing? - CORRECT ANSWER - The potential reduction in
manufacturing activity in certain economies.
Competition or Technology? - CORRECT ANSWER - The debate over whether
competition or technological advancement drives economic growth.
Great Recession 2008 sharpens the new argument - CORRECT ANSWER - The 2008
financial crisis intensified discussions on economic systems.
Liberal Capitalism vs. State Capitalism - CORRECT ANSWER - The contrast between
free-market capitalism and government-controlled capitalism.
Economic Liberalism - CORRECT ANSWER - An economic theory advocating for free
markets and minimal government intervention.
Capitalist - CORRECT ANSWER - An individual or entity that supports or engages in
capitalism.
Adam Smith - CORRECT ANSWER - An economist known as the father of modern
economics and author of 'The Wealth of Nations.'
