Question 1

Two key factors that contributed to the 2009 Eurozone crisis are

Accepted Answer

A)   public-sector debt and trade imbalances.
B)   public-sector debt and mortgage defaults.
C)   derivative markets and public-sector debt.
D)   derivative markets and trade imbalances.E) B) and C)
F) A) and B)

Question 2

Do you think regional trade organizations have actually benefited the states that formed them? Why or why not? In addressing this question,be sure to discuss the criticisms of regional trade organizations that have been raised and give your perspective on whether those criticisms are warranted or not.

Accepted Answer

Regional trade organizations, such as th...

Question 3

European integration has led to the creation of the euro,which is

Accepted Answer

A)   a common passport for European citizens.
B)   a common foreign policy for EU member states.
C)   a common European language.
D)   a common currency.E) None of the above
F) All of the above

Question 4

Since the 1990s,economic regionalism

Accepted Answer

A)   has fallen out of favor,and regional agreements have been weakened or scrapped.
B)   has increased in popularity,and new regional agreements have been negotiated and existing ones strengthened.
C)   has gained popularity in Europe but has fallen out of favor in North America.
D)   has been blocked in Asia.E) B) and D)
F) B) and C)

Question 5

Radicals argue that the state tends to support

Accepted Answer

A)   the working class.
B)   the reduction of capitalist markets.
C)   the developing world.
D)   owners of the means of production.E) A) and B)
F) A) and C)

Question 6

The main sticking point in the failure of the Doha Round,the most recent round of trade negotiations under the purview of the WTO,was

Accepted Answer

A)   India's unfair advantage in the manufacture of textiles.
B)   direct foreign investment.
C)   China's accession with the label "developed" rather than "developing" country.
D)   the liberalization of agricultural markets.E) B) and C)
F) None of the above

Question 7

The Bretton Woods institutions,including the World Bank,IMF,and GATT/WTO,represent radicals' goals of free trade and unobstructed financial markets.

Accepted Answer

A) True 
 B)False

Question 8

The Beijing Consensus approach to economic development,a model based on China's rapid economic growth,implies

Accepted Answer

A)   applying liberal economic policies to East Asia to assist with development in that region.
B)   working through the Association of Southeast Asian Nations (ASEAN) to pursue growth and development.
C)   not permitting private companies to function in the economy.
D)   experimenting with policies that are compatible with a state's political structure and experience rather than with economic liberalism.E) All of the above
F) C) and D)

Question 9

Which of the following is true of the Trans-Pacific Partnership (TPP) ,an agreement that was negotiated in late 2015 between the United States and Japan and ten other Pacific Rim countries?

Accepted Answer

A)   The agreement excludes protections for labor and the environment.
B)   China is excluded as a participant.
C)   The agreement excludes protections for copyrights and patents.
D)   The agreement excludes phasing out tariffs on most agricultural products.E) None of the above
F) B) and C)

Question 10

State-owned investment funds composed of a range of financial assets including stocks and bonds,precious metals,and properties formed in capital-surplus countries are known as ________.

Accepted Answer

A)   sovereign wealth funds
B)   offshore financing
C)   direct foreign investment
D)   portfolio investmentE) B) and C)
F) All of the above

Question 11

Within the last decade we have had two major financial crises: the 2008-2009 global financial crisis and the 2009 Eurozone crisis.Describe how you think these crises illustrate how international finance and international trade can impact states today.Given these effects,which economic theory-liberalism,mercantilism/statism,and radicalism-do you think best describes the international political economy today? And why?

Accepted Answer

The 2008-2009 global financial crisis an...

Question 12

Lowering taxes and government spending is a type of

Accepted Answer

A)   monetary policy.
B)   fiscal policy.
C)   microeconomic policy.
D)   protectionist policy.E) A) and D)
F) A) and C)

Question 13

Which theorists focus on the struggle for power between states in the areas of finance and trade?

Accepted Answer

A)   economic modernists
B)   economic institutionalists
C)   economic liberals
D)   economic realistsE) A) and D)
F) A) and C)

Question 14

The New Development Bank is

Accepted Answer

A)   the original name for the World Bank.
B)   an institution founded by the BRICS states to serve as an alternative to the World Bank.
C)   an institution created by the World Bank to help oversee the use of the loans it gives out.
D)   criticized because it is dominated by the United States.E) A) and D)
F) All of the above

Question 15

China is now a member of the World Trade Organization.

Accepted Answer

A) True 
 B)False

Question 16

How do economic liberals view human nature?

Accepted Answer

A)   Humans are aggressive.
B)   Humans always have conflictual tendencies.
C)   Humans are rational and act to maximize self-interest.
D)   Humans are naturally cooperative as individuals.E) B) and C)
F) A) and D)

Question 17

Which of the following is true of the 2009 Eurozone crisis?

Accepted Answer

A)   Greece was forced to take bailouts in return for cutting public spending.
B)   It did not affect Greece.
C)   Germany worked to fix the problem by encouraging Greece to devalue its currency.
D)   It increased labor mobility significantly.E) B) and C)
F) A) and B)

Question 18

The liberal approach to economic development that prioritizes privatization,liberalization of trade and foreign direct investment,government deregulation in favor of open competition,and broad tax reform is known as ________.

Accepted Answer

A)   the development gap
B)   sustainable development
C)   the Washington Consensus
D)   the Beijing ConsensusE) None of the above
F) A) and B)

Question 19

The WTO permits developing countries to impose higher tariffs than industrialized countries.

Accepted Answer

A) True 
 B)False

Question 20

The Washington Consensus and Beijing Consensus are products of economic liberal thinking.

Accepted Answer

A) True 
 B)False

Exam 8: International Political Economy

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The 2008-2009 global financial crisis an...
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The Washington Consensus and Beijing Consensus are products of economic liberal thinking.

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China is now a member of the World Trade Organization.

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Radicals argue that the state tends to support

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The WTO permits developing countries to impose higher tariffs than industrialized countries.

Correct Answer
verified

Which of the following is true of the Trans-Pacific Partnership (TPP) ,an agreement that was negotiated in late 2015 between the United States and Japan and ten other Pacific Rim countries?

Correct Answer
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Which theorists focus on the struggle for power between states in the areas of finance and trade?

Correct Answer
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Two key factors that contributed to the 2009 Eurozone crisis are

Correct Answer
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State-owned investment funds composed of a range of financial assets including stocks and bonds,precious metals,and properties formed in capital-surplus countries are known as ________.

Correct Answer
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The main sticking point in the failure of the Doha Round,the most recent round of trade negotiations under the purview of the WTO,was

Correct Answer
verified

Which of the following is true of the 2009 Eurozone crisis?

Correct Answer
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Lowering taxes and government spending is a type of

Correct Answer
verified

The Beijing Consensus approach to economic development,a model based on China's rapid economic growth,implies

Correct Answer
verified

How do economic liberals view human nature?

Correct Answer
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Since the 1990s,economic regionalism

Correct Answer
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Correct Answer
Answered by ExamLex AI
Regional trade organizations, such as th...
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The liberal approach to economic development that prioritizes privatization,liberalization of trade and foreign direct investment,government deregulation in favor of open competition,and broad tax reform is known as ________.

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verified

European integration has led to the creation of the euro,which is

Correct Answer
verified

The Bretton Woods institutions,including the World Bank,IMF,and GATT/WTO,represent radicals' goals of free trade and unobstructed financial markets.

Correct Answer
verified

The New Development Bank is

Correct Answer
verified

Exam 8: International Political Economy

Correct AnswerAnswered by ExamLex AIThe 2008-2009 global financial crisis an...View AnswerShow Answer

The Washington Consensus and Beijing Consensus are products of economic liberal thinking.

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China is now a member of the World Trade Organization.

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Radicals argue that the state tends to support

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The WTO permits developing countries to impose higher tariffs than industrialized countries.

Correct AnswerverifiedShow Answer

Which of the following is true of the Trans-Pacific Partnership (TPP) ,an agreement that was negotiated in late 2015 between the United States and Japan and ten other Pacific Rim countries?

Correct AnswerverifiedShow Answer

Which theorists focus on the struggle for power between states in the areas of finance and trade?

Correct AnswerverifiedShow Answer

Two key factors that contributed to the 2009 Eurozone crisis are

Correct AnswerverifiedShow Answer

State-owned investment funds composed of a range of financial assets including stocks and bonds,precious metals,and properties formed in capital-surplus countries are known as ________.

Correct AnswerverifiedShow Answer

The main sticking point in the failure of the Doha Round,the most recent round of trade negotiations under the purview of the WTO,was

Correct AnswerverifiedShow Answer

Which of the following is true of the 2009 Eurozone crisis?

Correct AnswerverifiedShow Answer

Lowering taxes and government spending is a type of

Correct AnswerverifiedShow Answer

The Beijing Consensus approach to economic development,a model based on China's rapid economic growth,implies

Correct AnswerverifiedShow Answer

How do economic liberals view human nature?

Correct AnswerverifiedShow Answer

Since the 1990s,economic regionalism

Correct AnswerverifiedShow Answer

Correct AnswerAnswered by ExamLex AIRegional trade organizations, such as th...View AnswerShow Answer

The liberal approach to economic development that prioritizes privatization,liberalization of trade and foreign direct investment,government deregulation in favor of open competition,and broad tax reform is known as ________.

Correct AnswerverifiedShow Answer

European integration has led to the creation of the euro,which is

Correct AnswerverifiedShow Answer

The Bretton Woods institutions,including the World Bank,IMF,and GATT/WTO,represent radicals' goals of free trade and unobstructed financial markets.

Correct AnswerverifiedShow Answer

The New Development Bank is

Correct AnswerverifiedShow Answer

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The 2008-2009 global financial crisis an...
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Correct Answer
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Regional trade organizations, such as th...
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Correct Answer
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