Global Political Economy
Under colonialism correct answers Colonies provided cheap labor and resources, and
served as markets for the colonizers goods
A core dominant country generally controlled the political and economic lives of foreign
peoples
For people and countries to develop and prosper, they need correct answers Capital
(goods, services, and money)
What happened at the 1884-1885 Berlin Conference? correct answers European
countries divided up Africa without much regard for local peoples or existing ethnic
divisions
Colonies (select all that apply, there are one to four possible correct answers): correct
answers Were generally drained of commodities, human capital, and/or money
Were often restructured by the dominant country to produce one particular crop or
mineral resource
Mercantilism is: (select all that apply, there are one to four possible correct answers)
correct answers States controlling trade, often protecting home markets while seeking
to sell products abroad, so as to gain as much profit and power as possible
The difference between foreign direct investment (FDI) and foreign portfolio investment
(FPI) is that: correct answers FDI is investing more in fixed assets (companies and real
estate), as opposed stocks and bonds (which is portfolio investment)
How many people were forcibly removed from Africa as slaves during the 300+ years of
Triangular Trade: correct answers 9-15 million
Match the "products" that came out of each region during the Triangular Trade correct
answers Americas:
-Primary products such as sugar and coffee
Africa:
-Slaves, gold, ivory
Europe:
-Guns, alcohol
Winston Churchill described the political control of the Soviet Union over Eastern
Europe as the: correct answers Iron Curtain
The World Bank is considered which type of actor? correct answers International
Governmental Organization (IGO)
, To stabilize currencies during the initial Post WWII era, countries: correct answers
Fixed (or pegged) the value of their currency to the U.S. dollar, which was fixed to the
price of gold ($35 for 1oz. gold)
In a socialist system: (select all that apply, there are one to four possible correct
answers) correct answers The state owns and controls key means of production
The liberal world economic order sought by the United States and other Western
countries after WWII was based on: correct answers Open Markets, freer trade, and
free flowing capital
The World Bank and the IMF are part of what post-World War II system? correct
answers Bretton Woods system
The decision to help Europe and Japan rebuild, such as with the Marshall Plan in
Europe, showed that: correct answers The U.S. needed rebounding markets for trade
and investment
The General Agreement on Tariffs and Trade (GATT) was the precursor to the: correct
answers World Trade Organization (WTO)
What is the definition of "GDP Growth"? Note, definitions are found on the Maps,
Country Profile, and Rank by Variable tabs by clicking on a variable name. correct
answers "The annual rate of change in nominal Gross Domestic Product (Constant
Prices)"
Recreate the longitudinal chart below to answer the following question: which country
has gained the most in "Aggregate GDP" size since 2005? correct answers China
"Public goods," ranging from clean air to infrastructure to public education, are goods
equally available to everyone, and where the use by one person does not reduce the
availability to another. They are often under produced in free markets, leading
governments to take a role in their provision. What is the United States' RANK in "Basic
Education Indicators" and "Education and Training," respectively? correct answers 21st
and 4th
This bar chart depicting "National Savings Rate (%GDP)" includes China, Pakistan,
South Korea, United States, and Venezuela. Recreate the chart and list the countries in
order of highest "National Savings Rate (%GDP)" to lowest "National Savings Rate
(%GDP)". Does anything surprise you? correct answers China
South Korea
United States
Venezuela
Pakistan
Under colonialism correct answers Colonies provided cheap labor and resources, and
served as markets for the colonizers goods
A core dominant country generally controlled the political and economic lives of foreign
peoples
For people and countries to develop and prosper, they need correct answers Capital
(goods, services, and money)
What happened at the 1884-1885 Berlin Conference? correct answers European
countries divided up Africa without much regard for local peoples or existing ethnic
divisions
Colonies (select all that apply, there are one to four possible correct answers): correct
answers Were generally drained of commodities, human capital, and/or money
Were often restructured by the dominant country to produce one particular crop or
mineral resource
Mercantilism is: (select all that apply, there are one to four possible correct answers)
correct answers States controlling trade, often protecting home markets while seeking
to sell products abroad, so as to gain as much profit and power as possible
The difference between foreign direct investment (FDI) and foreign portfolio investment
(FPI) is that: correct answers FDI is investing more in fixed assets (companies and real
estate), as opposed stocks and bonds (which is portfolio investment)
How many people were forcibly removed from Africa as slaves during the 300+ years of
Triangular Trade: correct answers 9-15 million
Match the "products" that came out of each region during the Triangular Trade correct
answers Americas:
-Primary products such as sugar and coffee
Africa:
-Slaves, gold, ivory
Europe:
-Guns, alcohol
Winston Churchill described the political control of the Soviet Union over Eastern
Europe as the: correct answers Iron Curtain
The World Bank is considered which type of actor? correct answers International
Governmental Organization (IGO)
, To stabilize currencies during the initial Post WWII era, countries: correct answers
Fixed (or pegged) the value of their currency to the U.S. dollar, which was fixed to the
price of gold ($35 for 1oz. gold)
In a socialist system: (select all that apply, there are one to four possible correct
answers) correct answers The state owns and controls key means of production
The liberal world economic order sought by the United States and other Western
countries after WWII was based on: correct answers Open Markets, freer trade, and
free flowing capital
The World Bank and the IMF are part of what post-World War II system? correct
answers Bretton Woods system
The decision to help Europe and Japan rebuild, such as with the Marshall Plan in
Europe, showed that: correct answers The U.S. needed rebounding markets for trade
and investment
The General Agreement on Tariffs and Trade (GATT) was the precursor to the: correct
answers World Trade Organization (WTO)
What is the definition of "GDP Growth"? Note, definitions are found on the Maps,
Country Profile, and Rank by Variable tabs by clicking on a variable name. correct
answers "The annual rate of change in nominal Gross Domestic Product (Constant
Prices)"
Recreate the longitudinal chart below to answer the following question: which country
has gained the most in "Aggregate GDP" size since 2005? correct answers China
"Public goods," ranging from clean air to infrastructure to public education, are goods
equally available to everyone, and where the use by one person does not reduce the
availability to another. They are often under produced in free markets, leading
governments to take a role in their provision. What is the United States' RANK in "Basic
Education Indicators" and "Education and Training," respectively? correct answers 21st
and 4th
This bar chart depicting "National Savings Rate (%GDP)" includes China, Pakistan,
South Korea, United States, and Venezuela. Recreate the chart and list the countries in
order of highest "National Savings Rate (%GDP)" to lowest "National Savings Rate
(%GDP)". Does anything surprise you? correct answers China
South Korea
United States
Venezuela
Pakistan
