POSC 2601 FINAL EXAM
ON GLOBAL
GOVERNANCE AND
ECONOMICS
QUESTIONS AND
VERIFIED ANSWERS
, POSC 2601 FINAL EXAM ON GLOBAL GOVERNANCE AND
ECONOMICS QUESTIONS AND VERIFIED ANSWERS
__________ exchange rates exist when a government establishes official rates of exchange for
its currency, whereas __________ exchange rates exist when exchange rates are determined
by global currency markets. - --Answer---fixed, floating
A (BLANK) would agree that a government's most useful role is to interfere in economics only to
regulate markets in order to help them function efficiently. That is, politics should serve the
interests of economic efficiency. - --Answer---liberal
A hard currency can be __________ leading world currencies. - --Answer---converted into
A state in which a foreign MNC operates is called the __________ country, whereas the state
where the MNC has its headquarters is called the __________ country. - --Answer---•B) host;
home
A unilateral method of protecting domestic producers from __________ by imposing a limit on
the maximum volume of allowable imports is known as a quota. - --Answer---foreign comp.
According to the 1997 __________, there are binding penalties for failure to reduce emissions
as specified. - --Answer---•A) Kyoto Protocol
According to world-system theory, the newly industrializing countries are categorized as
__________ states. - --Answer---semiperiphery
Air pollution and water pollution are more often __________ problems than __________
problems. - --Answer---•D) regional; global
An exchange rate is the rate at which a state's __________ can be exchanged for a different
state's __________. - --Answer---currency
Applying quotas on imports is a policy that would be followed by a BLANK - --Answer---
protectionist state
Autarkic states tend to exhibit what type of growth? - --Answer---low
Cartels form to __________ the price of a certain product, and most often __________
production by each member so as to lower supply. - --Answer---manipulate, limit
Chlorofluorocarbons (CFCs) are a major contributor to the destruction of __________. - --
Answer---ozone layer
Conflicts among great powers, including the two world wars and the Cold War, basically result
from competition among core states and regions over the right to exploit __________. - --
Answer---•B) the periphery
ON GLOBAL
GOVERNANCE AND
ECONOMICS
QUESTIONS AND
VERIFIED ANSWERS
, POSC 2601 FINAL EXAM ON GLOBAL GOVERNANCE AND
ECONOMICS QUESTIONS AND VERIFIED ANSWERS
__________ exchange rates exist when a government establishes official rates of exchange for
its currency, whereas __________ exchange rates exist when exchange rates are determined
by global currency markets. - --Answer---fixed, floating
A (BLANK) would agree that a government's most useful role is to interfere in economics only to
regulate markets in order to help them function efficiently. That is, politics should serve the
interests of economic efficiency. - --Answer---liberal
A hard currency can be __________ leading world currencies. - --Answer---converted into
A state in which a foreign MNC operates is called the __________ country, whereas the state
where the MNC has its headquarters is called the __________ country. - --Answer---•B) host;
home
A unilateral method of protecting domestic producers from __________ by imposing a limit on
the maximum volume of allowable imports is known as a quota. - --Answer---foreign comp.
According to the 1997 __________, there are binding penalties for failure to reduce emissions
as specified. - --Answer---•A) Kyoto Protocol
According to world-system theory, the newly industrializing countries are categorized as
__________ states. - --Answer---semiperiphery
Air pollution and water pollution are more often __________ problems than __________
problems. - --Answer---•D) regional; global
An exchange rate is the rate at which a state's __________ can be exchanged for a different
state's __________. - --Answer---currency
Applying quotas on imports is a policy that would be followed by a BLANK - --Answer---
protectionist state
Autarkic states tend to exhibit what type of growth? - --Answer---low
Cartels form to __________ the price of a certain product, and most often __________
production by each member so as to lower supply. - --Answer---manipulate, limit
Chlorofluorocarbons (CFCs) are a major contributor to the destruction of __________. - --
Answer---ozone layer
Conflicts among great powers, including the two world wars and the Cold War, basically result
from competition among core states and regions over the right to exploit __________. - --
Answer---•B) the periphery
