International Political Economy
Why might a multinational corporation (MNC) move production abroad for political
reasons? correct answers MNCs may wish to get around tough government regulations
in their home country.
EU-
NAFTA-
ASEAN-
Mercosur- correct answers Europe
North America
Asia
South America
Which of the following are the Bretton Woods institutions? correct answers -
International Monetary Fund
- GATT/WTO
- World bank
The most advanced regional trade agreement in terms of fostering political and
economic integration is the European Union. Despite the close linkages among member
states, some economic sectors, most notably agriculture, have caused tension among
participating countries. correct answers TRUE
Order of importance: correct answers - Mercantilism
- Economic liberalism
- Marxism
Why might someone want to use an offshore financial center, such as the Cayman
Islands, to do their banking? correct answers These locations often have less
regulations and lower taxes
pushes for the reduction of tariff and nontariff barriers between countries correct
answers GATT/World Trade Organization
provides loans for development projects, often based around infrastructure correct
answers World Bank
provides short-term loans and advice to countries facing budget crises correct answers
International Monetary Fund
(IMF)
, Taxing and spending are related to ______ policy, whereas ___________ policy is
related to regulating the economy through manipulating interest rates and the currency
supply. correct answers -fiscal
-monetary
The economy should be as free as possible from government control. correct answers
Economic Liberalism
Conflict between the owners of wealth and workers is inevitable. correct answers
Economic Radicalism
States should accumulate gold and silver to guarantee power. correct answers
Mercantilism
Which of the following are arguments against the North American Free Trade
Agreement? correct answers America has lost manufacturing jobs to Mexico.
NAFTA has not led to a decrease in poverty in Mexico
What does it mean for development to be sustainable? correct answers Economic
development must take account of the environment and whether resources are
renewable or not.
During the past thirty years, a growing share of money going to developing countries
has come from private sources, such as multinational corporations, rather than public
sources, such as the World Bank or large developed states. correct answers true
The sector that has proven most resistant to economic liberalization has been
agriculture. correct answers true
Which of the following made the Eurozone crisis worse in PIGS countries, such as
Greece and Portugal? correct answers - PIGS countries could not control their own
monetary policy.
- PIGS countries had no formal way of receiving money from wealthier EU nations
- PIGS countries had large budget deficits and no way of financing them.
BRICS correct answers - Brazil
- Russia
- India
- China
- South Africa
Most policymakers in charge of international economic institutions, as well as most
leaders of Western nations and academics, come from which economic perspective?
correct answers Economic liberalism
Why might a multinational corporation (MNC) move production abroad for political
reasons? correct answers MNCs may wish to get around tough government regulations
in their home country.
EU-
NAFTA-
ASEAN-
Mercosur- correct answers Europe
North America
Asia
South America
Which of the following are the Bretton Woods institutions? correct answers -
International Monetary Fund
- GATT/WTO
- World bank
The most advanced regional trade agreement in terms of fostering political and
economic integration is the European Union. Despite the close linkages among member
states, some economic sectors, most notably agriculture, have caused tension among
participating countries. correct answers TRUE
Order of importance: correct answers - Mercantilism
- Economic liberalism
- Marxism
Why might someone want to use an offshore financial center, such as the Cayman
Islands, to do their banking? correct answers These locations often have less
regulations and lower taxes
pushes for the reduction of tariff and nontariff barriers between countries correct
answers GATT/World Trade Organization
provides loans for development projects, often based around infrastructure correct
answers World Bank
provides short-term loans and advice to countries facing budget crises correct answers
International Monetary Fund
(IMF)
, Taxing and spending are related to ______ policy, whereas ___________ policy is
related to regulating the economy through manipulating interest rates and the currency
supply. correct answers -fiscal
-monetary
The economy should be as free as possible from government control. correct answers
Economic Liberalism
Conflict between the owners of wealth and workers is inevitable. correct answers
Economic Radicalism
States should accumulate gold and silver to guarantee power. correct answers
Mercantilism
Which of the following are arguments against the North American Free Trade
Agreement? correct answers America has lost manufacturing jobs to Mexico.
NAFTA has not led to a decrease in poverty in Mexico
What does it mean for development to be sustainable? correct answers Economic
development must take account of the environment and whether resources are
renewable or not.
During the past thirty years, a growing share of money going to developing countries
has come from private sources, such as multinational corporations, rather than public
sources, such as the World Bank or large developed states. correct answers true
The sector that has proven most resistant to economic liberalization has been
agriculture. correct answers true
Which of the following made the Eurozone crisis worse in PIGS countries, such as
Greece and Portugal? correct answers - PIGS countries could not control their own
monetary policy.
- PIGS countries had no formal way of receiving money from wealthier EU nations
- PIGS countries had large budget deficits and no way of financing them.
BRICS correct answers - Brazil
- Russia
- India
- China
- South Africa
Most policymakers in charge of international economic institutions, as well as most
leaders of Western nations and academics, come from which economic perspective?
correct answers Economic liberalism
