IT 304 FINAL EXAM QUESTIONS & VERIFIED
ANSWERS
Gordon Brown is the - Answers - All of the above
Professional roles played by Yanis Varofakis include: - Answers - Both (a) and (b)
What are the "twin peaks" Yanis Varoufakis refers to in his talk - Answers - High debt
and high idle cash reserves
What does Yanis Varoufakis term as "the cosmos" - Answers - universal global digital
currency
What does Gordon Brown mean by a global ethic - Answers - recognizing our
responsibility to others
What does IMF stand for - Answers - International Monetary Fund
IN which year was the Bretton Woods Conference held - Answers - 1944
Prominent economist at the Bretton Woods Conference - Answers - John Maynard
Keynes
What phenomenon does the Malthusian Trap refer to - Answers - short term income
gains were inevitably lost to population growth
Which of the following statements is/are true according to Clark? - Answers - Both (a)
and (b)
Great Divergence refers to - Answers - increase in inequalities between societies
The Malthusian Trap, an explanation for socio-economic growth, was proposed by -
Answers - Reverend Thomas Robert Malthus
The Industrial Revolution had a profound social effect because of two forces - Answers -
Technological advance and demographic transition
According to Clark, an increase in wealth across the world has not brought higher -
Answers - happiness
The following countries accounted for 50-60% of world economy from 1-1500 AD -
Answers - India and China
, In Western Europe between 1310s and 1450s, had highest impact on average income
(Increased it) - Answers - The Black Death
The following institutions were formed right after the Second World War - Answers -
United Nations, IMF, World Bank
How many nations does Africa have? - Answers - 53
According to Andrew Mwenda, what does Africa lack that prevents its development -
Answers - internal capacity
African countries can export goods, duty-free, to the European market - Answers -
Cotonou Agreement
Of all the voice-calling minutes used in the world in 2011, what percentage was
accounted for by cross-border phone calls? - Answers - 2 percent
What percent of the world's population consists of first-generation immigrants? -
Answers - 3 percent
Of all the investment that occurs in the world, what percentage is accounted for by FDI
(foreign direct investment)? - Answers - 10 percent
By 2030, ______ of the world's population is expected to live in cities? - Answers - 2/3
Which of these is NOT one of the ten flatteners identified by Friedman? - Answers - Fall
of the Berlin wall, Netscape IPO, Work flow software, open-sourcing, outsourcing,
offshoring, supply-chaining, insourcing, informing, wireless
Who has characterized the world as "spiky"? - Answers - Florida
In his talk, Khanna calls the confluence of connectivity and geography - Answers -
connectography
Both these scholars are concerned about urbanization's role in globalization - Answers -
Florida and Khanna
Approximately what percentage of the US federal budget goes to foreign aid? - Answers
- 1 percent
In 2015, which country announced the creation of the Asian Infrastructure Investment
Bank? - Answers - China
In 1995, the following company that introduced the first web browser, went public -
Answers - Netscape
ANSWERS
Gordon Brown is the - Answers - All of the above
Professional roles played by Yanis Varofakis include: - Answers - Both (a) and (b)
What are the "twin peaks" Yanis Varoufakis refers to in his talk - Answers - High debt
and high idle cash reserves
What does Yanis Varoufakis term as "the cosmos" - Answers - universal global digital
currency
What does Gordon Brown mean by a global ethic - Answers - recognizing our
responsibility to others
What does IMF stand for - Answers - International Monetary Fund
IN which year was the Bretton Woods Conference held - Answers - 1944
Prominent economist at the Bretton Woods Conference - Answers - John Maynard
Keynes
What phenomenon does the Malthusian Trap refer to - Answers - short term income
gains were inevitably lost to population growth
Which of the following statements is/are true according to Clark? - Answers - Both (a)
and (b)
Great Divergence refers to - Answers - increase in inequalities between societies
The Malthusian Trap, an explanation for socio-economic growth, was proposed by -
Answers - Reverend Thomas Robert Malthus
The Industrial Revolution had a profound social effect because of two forces - Answers -
Technological advance and demographic transition
According to Clark, an increase in wealth across the world has not brought higher -
Answers - happiness
The following countries accounted for 50-60% of world economy from 1-1500 AD -
Answers - India and China
, In Western Europe between 1310s and 1450s, had highest impact on average income
(Increased it) - Answers - The Black Death
The following institutions were formed right after the Second World War - Answers -
United Nations, IMF, World Bank
How many nations does Africa have? - Answers - 53
According to Andrew Mwenda, what does Africa lack that prevents its development -
Answers - internal capacity
African countries can export goods, duty-free, to the European market - Answers -
Cotonou Agreement
Of all the voice-calling minutes used in the world in 2011, what percentage was
accounted for by cross-border phone calls? - Answers - 2 percent
What percent of the world's population consists of first-generation immigrants? -
Answers - 3 percent
Of all the investment that occurs in the world, what percentage is accounted for by FDI
(foreign direct investment)? - Answers - 10 percent
By 2030, ______ of the world's population is expected to live in cities? - Answers - 2/3
Which of these is NOT one of the ten flatteners identified by Friedman? - Answers - Fall
of the Berlin wall, Netscape IPO, Work flow software, open-sourcing, outsourcing,
offshoring, supply-chaining, insourcing, informing, wireless
Who has characterized the world as "spiky"? - Answers - Florida
In his talk, Khanna calls the confluence of connectivity and geography - Answers -
connectography
Both these scholars are concerned about urbanization's role in globalization - Answers -
Florida and Khanna
Approximately what percentage of the US federal budget goes to foreign aid? - Answers
- 1 percent
In 2015, which country announced the creation of the Asian Infrastructure Investment
Bank? - Answers - China
In 1995, the following company that introduced the first web browser, went public -
Answers - Netscape
