International Political Economy
International Political Economy primarily studies: correct answers How the
consequences global economic exchange generates political winners and losers in
national and international arenas.
International Political economy will NOT examine: correct answers Domestic fiscal
system
International Political Economy studies: correct answers How political factors affect
economic outcomes and how economic factors influence political consequences at
domestic, regional and international levels
The study of global economy does not usually include the study of: correct answers
Scientific development
The Mercantilist School studies... correct answers Believes that government should
encourage exports whenever possible
The Marxist school primarily does NOT believe that... correct answers Capitalism is
associated with the inevitable growth rate of profit
The central propositions of marxism do NOT include: correct answers Capitalism is
characterized by the price liberalization
The idea that the purpose of economic activity was to enrich individuals, not to enhance
a state power was most strongly held by the: correct answers Liberalism school of
International Political Economy
The central propositions of the liberalism do NOT include: correct answers Countries
do enrich themselves by running trade surplus
Karl Marx and Immanuel Wallerstein is founder school of: correct answers World
Systems Theory
The three different schools generate three very different images of the central dynamic
of IPE. Which of the following is true? correct answers Marxist argues that İPE
characterezied by the distrubutional conflict between clasess within countries
According to Bretton Woods agreement, the price of gold is fixed __________per troy
ounce; correct answers $35
, According to Bretton Woods agreement, the changes in currency rates are: correct
answers Allowed through revaluations or devaluations
In 1944, the United Nations Monetary and Financial Conference in Bretton Woods
which organization have been created? correct answers International Bank for
Reconstruction and Development (IBRD) and International Monetary Fund (IMF)
Which statement is true about a societycentered approach: correct answers a
government's trade policy objectives are shaped by politician's responses to interest
groups demands
Standard models of trade policy preference include: correct answers The Sector Model
A collective action problem that shapes the ability of groups with common interests to
organize in order to lobby the government on behalf of their desired policies. Is it?
correct answers True
Which statement about factor model is true? correct answers trade politics are driven
by competition between labor and capital, between workers and capitalists
Which statement about sector model is true? correct answers trade politics are driven
by competition between industries
How mobile are factors of production? correct answers they're perfectly mobile across
sectors of the economy
Who wins from international trade in the factor model? correct answers abundant factor
- capital in the advanced industrialized countries
Most significant weaknesses of society-centered approach: correct answers it does not
try to explain trade policy outcomes
A society-centered approach suggests that we should look at the political influence of
the industries concerned. Is it? correct answers true
Proportional representation (PR) electoral systems employ: correct answers multi-
member districts to distribute legislative representation in proportion to the share of the
popular vote each party attracts
Which approach argues that national policymakers intervene in the economy in pursuit
of objectives that are determined independently from domestic interest groups' narrow
self-interested concerns. correct answers state centered approach
Which approach argues that trade protection can raise social welfare? correct answers
state centered approach
International Political Economy primarily studies: correct answers How the
consequences global economic exchange generates political winners and losers in
national and international arenas.
International Political economy will NOT examine: correct answers Domestic fiscal
system
International Political Economy studies: correct answers How political factors affect
economic outcomes and how economic factors influence political consequences at
domestic, regional and international levels
The study of global economy does not usually include the study of: correct answers
Scientific development
The Mercantilist School studies... correct answers Believes that government should
encourage exports whenever possible
The Marxist school primarily does NOT believe that... correct answers Capitalism is
associated with the inevitable growth rate of profit
The central propositions of marxism do NOT include: correct answers Capitalism is
characterized by the price liberalization
The idea that the purpose of economic activity was to enrich individuals, not to enhance
a state power was most strongly held by the: correct answers Liberalism school of
International Political Economy
The central propositions of the liberalism do NOT include: correct answers Countries
do enrich themselves by running trade surplus
Karl Marx and Immanuel Wallerstein is founder school of: correct answers World
Systems Theory
The three different schools generate three very different images of the central dynamic
of IPE. Which of the following is true? correct answers Marxist argues that İPE
characterezied by the distrubutional conflict between clasess within countries
According to Bretton Woods agreement, the price of gold is fixed __________per troy
ounce; correct answers $35
, According to Bretton Woods agreement, the changes in currency rates are: correct
answers Allowed through revaluations or devaluations
In 1944, the United Nations Monetary and Financial Conference in Bretton Woods
which organization have been created? correct answers International Bank for
Reconstruction and Development (IBRD) and International Monetary Fund (IMF)
Which statement is true about a societycentered approach: correct answers a
government's trade policy objectives are shaped by politician's responses to interest
groups demands
Standard models of trade policy preference include: correct answers The Sector Model
A collective action problem that shapes the ability of groups with common interests to
organize in order to lobby the government on behalf of their desired policies. Is it?
correct answers True
Which statement about factor model is true? correct answers trade politics are driven
by competition between labor and capital, between workers and capitalists
Which statement about sector model is true? correct answers trade politics are driven
by competition between industries
How mobile are factors of production? correct answers they're perfectly mobile across
sectors of the economy
Who wins from international trade in the factor model? correct answers abundant factor
- capital in the advanced industrialized countries
Most significant weaknesses of society-centered approach: correct answers it does not
try to explain trade policy outcomes
A society-centered approach suggests that we should look at the political influence of
the industries concerned. Is it? correct answers true
Proportional representation (PR) electoral systems employ: correct answers multi-
member districts to distribute legislative representation in proportion to the share of the
popular vote each party attracts
Which approach argues that national policymakers intervene in the economy in pursuit
of objectives that are determined independently from domestic interest groups' narrow
self-interested concerns. correct answers state centered approach
Which approach argues that trade protection can raise social welfare? correct answers
state centered approach
