INTB Exam 1 #1 Questions with correct answers
Under new institutional theory, institutions can be categorized as formal and
informal, and the informal institutions can be further categorized as: -
✔✔normative and cognitive
The UN's international Court of Justice is also known as - ✔✔The World Court
In a free trade area, members drop internal tariffs. External tariffs - ✔✔are
maintained independently by each member
The UN ______ has the responsibility for maintaining international peace and
security - ✔✔security council
GAAP is an example of an informal _______ institution that supports shared
standards - ✔✔normative
The common interest of all nations in a workable international exchange rate
system transcends their conflicting international.... - ✔✔The international
Monetary Funds (IMF)
The WTO exists to - ✔✔establish and help implement rules of trade among
nations in order to increase trade flows.
ASEAN +3 is - ✔✔the 10 ASEAN nations plus China, Japan, and South Korea
, The WTO has negotiated a TRIPS agreement whereby property rights do not take
precedence over public health - ✔✔True
_____ relationship, a Chinese collection of values carry, obligations that may be
stronger than civic responsibilities and seemingly rational understanding -
✔✔Guanxi
Permanent members of the UN Security Council vote on Security Council
measures and only the Secretary-General of the Un has veto power - ✔✔False
What company was fined millions of dollars by the EU for not complying with EU
rules - ✔✔Microsoft
The UN international Court of Justice (ICJ) hears cases that involve disputes
between national government - ✔✔True
Which two countries together account for one-third of the global population and
have increased trade and reduced absolute poverty - ✔✔China and india
The purpose of the international Financial Corporation (IFC) is to invest in
companies and financial institutions in developing countries to build -
✔✔domestic capital markets
The Doha Round begun in 2001 to work on what agenda - ✔✔trade-related issues
between developed and eveloping countries
Under new institutional theory, institutions can be categorized as formal and
informal, and the informal institutions can be further categorized as: -
✔✔normative and cognitive
The UN's international Court of Justice is also known as - ✔✔The World Court
In a free trade area, members drop internal tariffs. External tariffs - ✔✔are
maintained independently by each member
The UN ______ has the responsibility for maintaining international peace and
security - ✔✔security council
GAAP is an example of an informal _______ institution that supports shared
standards - ✔✔normative
The common interest of all nations in a workable international exchange rate
system transcends their conflicting international.... - ✔✔The international
Monetary Funds (IMF)
The WTO exists to - ✔✔establish and help implement rules of trade among
nations in order to increase trade flows.
ASEAN +3 is - ✔✔the 10 ASEAN nations plus China, Japan, and South Korea
, The WTO has negotiated a TRIPS agreement whereby property rights do not take
precedence over public health - ✔✔True
_____ relationship, a Chinese collection of values carry, obligations that may be
stronger than civic responsibilities and seemingly rational understanding -
✔✔Guanxi
Permanent members of the UN Security Council vote on Security Council
measures and only the Secretary-General of the Un has veto power - ✔✔False
What company was fined millions of dollars by the EU for not complying with EU
rules - ✔✔Microsoft
The UN international Court of Justice (ICJ) hears cases that involve disputes
between national government - ✔✔True
Which two countries together account for one-third of the global population and
have increased trade and reduced absolute poverty - ✔✔China and india
The purpose of the international Financial Corporation (IFC) is to invest in
companies and financial institutions in developing countries to build -
✔✔domestic capital markets
The Doha Round begun in 2001 to work on what agenda - ✔✔trade-related issues
between developed and eveloping countries
