Wealth and power exam 1 quiz questions

An important example of neomercantilism in the 1970s was the United States-led campaign with many industrialized states to decrease their foreign dependence on _____ A) Oil B) copper C) natural gas D) feed grains

A) oil

The basic idea behind structuralism is that A)the structure of the international political economy—namely capitalism—conditions its outcome. B)the core exploits the proletariat C) the state exploits the market. D) wealth is necessary for power.

A)the structure of the international political economy—namely capitalism—conditions its outcome.

The term "embedded liberalism" refers to A) the idea that markets are not natural and must be carefully planned for by the state officials. B) the idea that markets need to be encapsulated in political and social institutions in order for them to be viewed as legitimate C) the idea that foreign aid should be used in some cases where markets have failed to help the poor. D) the idea that markets need to be an accepted institutions for international organizations and nongovernmental organizations

B) the idea that markets need to be encapsulated in political and social institutions in order for them to be viewed as legitimate

The depersonalized actions of _____ often act as an unseen coordinator of social behavior in today's global political economy A) The state B) markets C) society D)International organizations

B)Markets

All of the following are central elements of constructivist analysis EXCEPT: A) the deconstruction of individual and state choices. B) the relationship of state behavior and choices to society's norms, and cultural values. C) the distribution of wealth and power between the major powers D) the international political economy reflects as much cooperation as it does conflict

C) the distribution of wealth and power between the major powers

Which of the following statements about IPE structures is wrong? A) International debt is part of the finance structure. B) Defense agreements are part of the security structure. C) International monetary institutions are part of the finance structure. D)The control of patents governing the use of production technology is an issue of the production structure

D) The control of patents governing the use of production technology is an issue of the production structure

This effort adopted by the UN in 2000 is directed at increasing foreign aid for poorer nations, halving global hunger, reducing debt, and fighting diseases like AIDS. A) MDGs B) TNCs C) The antiglobalization movement D) NAFTA

A) MDGs

Which IPE perspective professes that people and states should value economic efficiency, and a laissez-faire role for the state in the economy? A) OELs B) HILs C) mercantilists D) structuralists

A) OELs

Which dimension of IPE focuses on the use of power to make rules and to distribute tangible things such as money and intangible things such as security? A) Political B) societal C) economic D) none of the above

A) Political

The Keynesian compromise can be summed up in which of the following statements? A) The tradeoff between the need for domestic regulation while gradually opening up international markets. B) Keynes' agreement with White to work on the World Bank at Bretton Woods instead of the IMF. C) Consumers making rational (individual) choices that result in unexpected damaging outcomes that hurt the community. D) The necessity for state intervention in the economy because markets fail

A) The tradeoff between the need for domestic regulation while gradually opening up international markets.

Which is the best statement of the relationship between wealth and power according the mercantilist thought? A)National wealth creates national power and national power secures national wealth B) A nation needs either wealth or power, but not both. C)If a nation has wealthy individuals, it will be secure. D) If a nation has a large army, it will be wealthy

A)National wealth creates national power and national power secures national wealth

Which of the following statements most likely reflects a structuralist feminist point of view? A)Patriarchy is an important part of a system of exploitation B)Globalization has greatly benefited many poor women in developing countries C)Individual freedom and equal rights for women will lead to equality. D)The level of women's rights determines a country's overall economic health

A)Patriarchy is an important part of a system of exploitation

Ideological manipulation (false consciousness) occurs when A) workers accept the system that exploits them and believe in the legitimacy of the capitalist system B)workers post propaganda intended to incite change within the system. C)authoritarian leaders impose stringent measures upon their country's population. D) politicians convince voters that they support populist proposals

A)workers accept the system that exploits them and believe in the legitimacy of the capitalist system

Which level of analysis would focus on the actions of different national legislatures when it comes to dealing with the global financial crisis? A) indivudal B) state C) system D) global

B) State

Lenin believed that capitalism was able to postpone its crisis by: A)government policy that increased the rate of profit. B)exploiting less developed countries through imperialism C)progressive taxes that produced a more equitable distribution of income D)Keynesian economic policies that reduce the chance of another Great Depression

B) exploiting less developed countries through imperialism

Adam Smith favored "laissez-faire" policies, where individuals would achieve social benefit guided by the "invisible hand." The invisible hand stands for A) government regulation. B) individual self interests and choices C) hegemonic stability. D) hidden income taxes.

B) individual self interests and choice

How does neoimperialism differ from classical imperialism? A)International organizations create laws and policies for member nations. B)States no longer need to occupy other countries in order to exploit them C) After a war, nations install leaders of their choosing in the conquered country. D) Security interests replace economic motives for going abroad.

B)States no longer need to occupy other countries in order to exploit them

The "state" is to collective interest as A)"market" is to profit B)"Individual" is to society" C)"Market" is to individual interest D)"Individual" is to social interest

C) "Market" is to individual interest

Which of the two states do many IPE experts expect to emerge as global political and economic powers in the near future? A) Canada and Mexico B) Russia and China C) China and India D) India and Indonesia

C) China and India

Which of the following is a major characteristic of globalization? A) It tends to lower the amount of trade as a proportion of a country's gross domestic product. B)It strengthens state authority and weakens markets C) It has remained quite popular with elites in the developed nations D) All of the above

C) It has remained quite popular with elites in the developed nations

According to the authors, the financial crisis has led many HILs to assert that _____ must act to save the financial system and even capitalism itself. A) the U.S. Congress B) big banks C) The state D)taxpayers

C) The state

John Stuart Mill is most noted for changing liberalism to reflect A) the need for less state regulation of the economy. B) that states should do more to stimulate industrial output and free trade. C) advocating selective state action in cases where individual initiative might be inadequate in promoting social welfare D) that strong powers have legitimate interests in promoting social progress in their colonies

C) advocating selective state action in cases where individual initiative might be inadequate in promoting social welfare

David Ricardo favored free open international markets. Which of the following ideas about free, open markets is not associated with Ricardo? A) open market promotes efficiency B) free trade binds nations together and promotes the universal good C) open markets results in zero-sum benefits to all D) open markets lead to greater wealth

C) open markets results in zero-sum benefits to all

The process by which inherently unstable opposing economic forces and counterforces lead to crisis, revolution, and to the next stage of history is called A) evolution B) class conflict. C)a dialectical process D)law of disproportionality

C)a dialectical process

The Modern World System theory looks at capitalism as: A)the conflict between the proletariat and the bourgeoisie. B) the exploitation of the North by the South. C)the capitalistic interactions of core, semi-periphery, and periphery D) the fundamental tension between state and market.

C)the capitalistic interactions of core, semi-periphery, and periphery

All of the following are elements of feminist analysis applied to IPE except which one? A) Globalization has positive and negative effects on women everywhere, offering some new opportunities to work in factories while subjecting others to oppressive conditions in their homes. B) Many feminists focus on the connection between gender, power, and wealth. C) Feminists point out how many international institutions are dominated by males and masculine values. D) Many feminists have found that women generally admire Margaret Thatcher, who was tough and shunned cooperative, nurturing behavior.

D) Many feminists have found that women generally admire Margaret Thatcher, who was tough and shunned cooperative, nurturing behavior.

IPE is created by the parallel existence and dynamic interaction of A) rich and poor nations. B) communist and capitalist nations. C) creditor and debtor nations. D) states and markets

D) states and markets

Which of the following is NOT likely to be on the list of things OELs would recommend to solve the global financial crisis? A)limit government support for banks, infrastructure projects, and social welfare programs B) decrease regulation of many parts of the economy C) cut taxes of the wealthy and middle class to stimulate economic grow D)do more to insulate people from the negative effects of globalization

D)do more to insulate people from the negative effects of globalization

Which of the following is NOT one of Marx's Laws of Capitalism? A)the law of the falling rate of profit B)the law of disproportionality C)the law of concentration D)the law of capitalist imperialism

D)the law of capitalist imperialism

Which period of history is often called the "mercantilist period"? A)the fourteenth century B) the period when the GATT defined international trade policies C) the era of the Spanish armada D) the period of nation-building in Europe and elsewhere—roughly 1600-1850

D)the period of nation-building in Europe and elsewhere—roughly 1600-1850