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SOCI301 FINAL MCQ Questions and
Correct Answers
The globalization project succeeded the development project
because: Ans: Development has transitioned from a nationally
managed economic growth to participation in world market
Despite its promises, the New International Economic Order was
not helpful to Third World countries because: Ans: It promoted a
dependency perspective of development
The debt crisis in the Third World resulted from all of the
following EXCEPT: Ans: US Federal Reserve Board policy
All of the following are preconditions must be met for a country to
receive financial assistance from the IMF and/or World Bank
except? Ans: Stable interest rates
JINCO is an multinational company wishing to invest in India. The
Indian governments is interested in the partnership but requires
JINCO to invest its profits locally, hire locally, and buy its raw
materials from the country. JINCO disagrees and decides to seek
relief from the WTO. Which of these WTO protocols would JINCO
use? Ans: Trade-Related Investment Measures (TRIMs)
The environmentalist's paradox occurs when Ans: Rising well-
being accompanied by deteriorating environments
All of the following are indicators of climate change, except Ans:
Ocean ratification
An example of recycling the (market) problem as a solution,
identified in the text, is the: Ans: Practice in marketing emissions
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The IAASTAD questions industrial agriculture and transgenic food
a solutions because (p. 269) Ans: Markets fail to adequately value
environmental and social harm
Biofuels are controversial. While their burn is cleaner, their
production Ans: Is carbon intensive
The Gaia hypothesis treats the Earth as a Ans: A physiological
system
The advantage of the Human Development Index (HDI) over the
Gross Domestic Product (GDP) is that it (HDI) focuses more on
______ Ans: Composite of life expectancy and literacy
The observation that the United States is experiencing Latin
Americanization is an implicit reference to Ans: Rising social
inequality between the rich and the poor
Degrowth economics is designed to counter Ans: Tendency to
equate unbridled economic growth with development
All of the following are alternative measures of development
except: Ans: Development Assessment Indicator (DAI)
One weakness of the UN follow-up and review system for the SDGs
is that they: Ans: Do not elaborate on what needs to be followed
up and reviewed
Globalization's countermovement politics are intended to: Ans:
Challenge the association of markets with development
Which of the following is not true of the business as usual
approach? Ans: It suggests producing more output from the same
area of land
Some people argue that fair trade can pose a challenge to alienable
labour by imbuing consumable goods with a sense of production
history. This is the idea that fair trade challenges Ans:
Commodity fetishism
© 2025 All rights reserved
SOCI301 FINAL MCQ Questions and
Correct Answers
The globalization project succeeded the development project
because: Ans: Development has transitioned from a nationally
managed economic growth to participation in world market
Despite its promises, the New International Economic Order was
not helpful to Third World countries because: Ans: It promoted a
dependency perspective of development
The debt crisis in the Third World resulted from all of the
following EXCEPT: Ans: US Federal Reserve Board policy
All of the following are preconditions must be met for a country to
receive financial assistance from the IMF and/or World Bank
except? Ans: Stable interest rates
JINCO is an multinational company wishing to invest in India. The
Indian governments is interested in the partnership but requires
JINCO to invest its profits locally, hire locally, and buy its raw
materials from the country. JINCO disagrees and decides to seek
relief from the WTO. Which of these WTO protocols would JINCO
use? Ans: Trade-Related Investment Measures (TRIMs)
The environmentalist's paradox occurs when Ans: Rising well-
being accompanied by deteriorating environments
All of the following are indicators of climate change, except Ans:
Ocean ratification
An example of recycling the (market) problem as a solution,
identified in the text, is the: Ans: Practice in marketing emissions
© 2025 All rights reserved
, 2 | Page
The IAASTAD questions industrial agriculture and transgenic food
a solutions because (p. 269) Ans: Markets fail to adequately value
environmental and social harm
Biofuels are controversial. While their burn is cleaner, their
production Ans: Is carbon intensive
The Gaia hypothesis treats the Earth as a Ans: A physiological
system
The advantage of the Human Development Index (HDI) over the
Gross Domestic Product (GDP) is that it (HDI) focuses more on
______ Ans: Composite of life expectancy and literacy
The observation that the United States is experiencing Latin
Americanization is an implicit reference to Ans: Rising social
inequality between the rich and the poor
Degrowth economics is designed to counter Ans: Tendency to
equate unbridled economic growth with development
All of the following are alternative measures of development
except: Ans: Development Assessment Indicator (DAI)
One weakness of the UN follow-up and review system for the SDGs
is that they: Ans: Do not elaborate on what needs to be followed
up and reviewed
Globalization's countermovement politics are intended to: Ans:
Challenge the association of markets with development
Which of the following is not true of the business as usual
approach? Ans: It suggests producing more output from the same
area of land
Some people argue that fair trade can pose a challenge to alienable
labour by imbuing consumable goods with a sense of production
history. This is the idea that fair trade challenges Ans:
Commodity fetishism
© 2025 All rights reserved
