IMS 3310 Exam 2 Zydorek Questions and
Answers Update 2026
New institutional theory -correct answer ✔-understanding of institutions as social
constructs, a collection of norms that structure the relations of individuals to one
another
Formal institutions -correct answer ✔-institutions that influence behavior through laws
and regulations
Informal institutions -correct answer ✔-institutions that influence behavior through
norms, values, customs, and ideologies
Normative informal institutions -correct answer ✔-include those organizations that
establish standards and propagate principles (the un, ngos, social groups)
Cognitive informal institutions -correct answer ✔-collections of shared ideas that define
reality by means of conceptual frameworks or schema
Often neither explicit or tangible
United nations (un) -correct answer ✔-193-member organization of countries dedicated
to the promotion of peace and stability of the world
General assembly -correct answer ✔-deliberative body of the un made up of all member
nations, each with one vote regardless of size, wealth, or power
,Security council -correct answer ✔-main peacekeeping body of the un, composed of 15
members including 5 permanent members (us, uk, france, china, russia)
Economic and social council (ecosoc) -correct answer ✔-un body concerned with
economic and social issues such as trade, development, education, and human rights
International court of justice -correct answer ✔-un body that makes legal decisions
involving disputes between national governments
Secretariat -correct answer ✔-the staff of the un, headed by the secretary-general
Bretton woods -correct answer ✔-1944 conference at which allied nations' treasury and
central bank representatives met to establish the international monetary fund and the
world bank
International monetary fund (imf) -correct answer ✔-institution that fosters global
monetary cooperation, financial stability, international trade, high employment and
sustainable economic growth, and reduction of poverty
World bank -correct answer ✔-institution that lends money for development projects
focused on reducing poverty
Examples of international reform initiatives -correct answer ✔-vietnam 2035
Malaysia 2020
Special drawing rights (sdrs) -correct answer ✔-an international reserve asset
established by the imf
, Criticisms of the imf -correct answer ✔-1.forcing free-market policies on poor countries
2.increasing poverty and political chaos (bolivia, indonesia, thailand)
Current imf issues -correct answer ✔-1.aid coupled with mandatory advice to reduce
budget deficits and inflation lead to increased poverty
2.imf largely controlled by developed western countries
3.imf has strengthened economies of dictatorial regimes that become markets for
multinationals
International bank for reconstruction and development (ibrd or world bank) -correct
answer ✔-focus on middle income nations
International development association (ida) -correct answer ✔-focus on poorest nations
via interest-free loans and grants
Organisation for economic co-operation and development (oecd) -correct answer ✔--
group of developed countries dedicated to promoting their own and other nations'
economic expansion
-provides research on economic and business topics
World trade organization (wto) -correct answer ✔-an international organization that
establishes and helps implement rules of trade between nations
Answers Update 2026
New institutional theory -correct answer ✔-understanding of institutions as social
constructs, a collection of norms that structure the relations of individuals to one
another
Formal institutions -correct answer ✔-institutions that influence behavior through laws
and regulations
Informal institutions -correct answer ✔-institutions that influence behavior through
norms, values, customs, and ideologies
Normative informal institutions -correct answer ✔-include those organizations that
establish standards and propagate principles (the un, ngos, social groups)
Cognitive informal institutions -correct answer ✔-collections of shared ideas that define
reality by means of conceptual frameworks or schema
Often neither explicit or tangible
United nations (un) -correct answer ✔-193-member organization of countries dedicated
to the promotion of peace and stability of the world
General assembly -correct answer ✔-deliberative body of the un made up of all member
nations, each with one vote regardless of size, wealth, or power
,Security council -correct answer ✔-main peacekeeping body of the un, composed of 15
members including 5 permanent members (us, uk, france, china, russia)
Economic and social council (ecosoc) -correct answer ✔-un body concerned with
economic and social issues such as trade, development, education, and human rights
International court of justice -correct answer ✔-un body that makes legal decisions
involving disputes between national governments
Secretariat -correct answer ✔-the staff of the un, headed by the secretary-general
Bretton woods -correct answer ✔-1944 conference at which allied nations' treasury and
central bank representatives met to establish the international monetary fund and the
world bank
International monetary fund (imf) -correct answer ✔-institution that fosters global
monetary cooperation, financial stability, international trade, high employment and
sustainable economic growth, and reduction of poverty
World bank -correct answer ✔-institution that lends money for development projects
focused on reducing poverty
Examples of international reform initiatives -correct answer ✔-vietnam 2035
Malaysia 2020
Special drawing rights (sdrs) -correct answer ✔-an international reserve asset
established by the imf
, Criticisms of the imf -correct answer ✔-1.forcing free-market policies on poor countries
2.increasing poverty and political chaos (bolivia, indonesia, thailand)
Current imf issues -correct answer ✔-1.aid coupled with mandatory advice to reduce
budget deficits and inflation lead to increased poverty
2.imf largely controlled by developed western countries
3.imf has strengthened economies of dictatorial regimes that become markets for
multinationals
International bank for reconstruction and development (ibrd or world bank) -correct
answer ✔-focus on middle income nations
International development association (ida) -correct answer ✔-focus on poorest nations
via interest-free loans and grants
Organisation for economic co-operation and development (oecd) -correct answer ✔--
group of developed countries dedicated to promoting their own and other nations'
economic expansion
-provides research on economic and business topics
World trade organization (wto) -correct answer ✔-an international organization that
establishes and helps implement rules of trade between nations
