POLSCI 369 MC

In which year did the first oil shock take place?

1973

According to World Bank data, the proportion of the population in developing countries living in extreme poverty (living on $1.90 per day or less) fell between 1990 and 2013 from

42 to 13 percent

What is the Kimberley Process?

An effort to prevent blood diamonds from entering international trade networks.

The 2016 policy implemented by Indian Prime Minister Modi which was justified as a means to tackle corruption and tax evasion is called

Demonetization.

Which of the following was a policy to significantly reduce the amount of debt held by the world's poorest nations?

HIPC Initiative

Which of the following is closely associated with economic liberal policies?

None of the above Promotion of national champions The Beijing Consensus The Bolsa Família

Which observation would an economic liberal most likely make about China and India?

Open trading systems lead to rapid growth and rising consumption.

Since 1990, which of the following countries or regions has usually had the highest annual net inflows of FDI?

The European Union

Which statement about copyrights is correct?

The TRIPS agreement stipulates a minimum time period for which member states must give protection to them.

Which of the following is not an accurate characterization of East Asian "developmental states"?

They borrowed heavily in foreign capital market to finance new industries.

This event signaled the beginning of the Asian financial crisis in July of 1997:

When the Thai government could no longer support the 25 to 1 value of the Thai baht to the U.S. dollar

The Washington Consensus is synonymous with

an economic liberal outlook on development.

OPEC is an example of a cartel. A cartel is

an organization of producers and states that control supply and pricing of a commodity.

Which of the following is the expectation that states should prevent corrupt money from entering their financial system and should return money to countries from which it is stolen?

anti-kleptocracy norm

Which Troika policy generated massive protests and demonstrations in Greece and other European countries because it imposed economic hardship on ordinary people?

austerity

Which country or organization spearheaded the creation of UNCTAD?

the G77

Dependency theorists are least likely to criticize which of the following?

the New International Economic Order (NIEO)

Which indicator is most important when it comes to determining the balance of payments and whether or not a nation is going into debt?

the current account

Which is not a key characteristic of India before 1990?

the embrace of foreign direct investment

In developed countries, the globalization of production is connected with

the growth of the precariat. stagnation of wages. declining union membership. (all of the above)

IPRs are an important issue for developing countries because

they need technology transfer for economic development. they would like to move up in global value chains. the cost of licensing IPRs from companies in industrialized nations can be high. (all of these are important reasons)

Since 1944, the role of the IMF in the monetary and finance structure has been

to increase the amount of liquidity in the international financial system. to ensure a stable international monetary system. to help countries with balance of payments problems on a short-term basis (all of the above)

Which of the following is a likely reason why TNCs invest in production overseas?

to overcome trade barriers to be closer to foreign customers to manage the risk of foreign exchange rate fluctuations to get direct access to natural resources (all of the above)

Which of the following is an example of efforts by developing countries to advance their interests in the face of strong IPRs?

turning a blind eye to counterfeiting of foreign goods lobbying for weakening of the TRIPS agreement issuing compulsory licenses (all of the above)

The economic liberal model of development

focuses on evolutionary, market-based change.

Which statement applies to all four countries: Russia, Brazil, India, and China?

Corruption is a serious problem.

Which of the following was not a characteristic of the fixed exchange rate system of the finance and monetary structure?

Currency values were allowed to adjust up or down freely according to supply and demand conditions in the market for the U.S. dollar.

What is a "secrecy jurisdiction"?

a place wealthy tax evaders like to use

Which candidate for prime minister of Greece promised not to agree to Troika conditions for a third Greek loan, but then did agree to those conditions once he was elected?

Alexis Tsipras

What is "bitter medicine"?

Another name for austerity policies in Europe

Which of the following did the Dodd-Frank Act require?

Banks' holding of more capital and collateral in reserve

Which of the following statements about exchange rates is incorrect?

Between 2011 and 2017, the yen appreciated significantly against the U.S. dollar.

Which leader complained that by holding (unofficially) weak U.S. dollars, his country was helping pay for the unpopular Vietnam War?

Charles de Gaulle of France

Between 2014 and 2016, which of the following countries or regions made the most new investments in clean energy?

China

Which of the following statements best characterizes the experience of economic and political reforms in China since the late 1980s?

China placed strong emphasis on economic reform while preserving existing political structures.

Which of the following Chinese policies would a realist probably consider least threatening to established Western powers?

China's establishment of the AIIB

Which of the following is not one of the reasons the Trump administration gave for withdrawing the United States from the Paris Agreement on Climate Change?

Compliance with the Paris Agreement would hurt the United States' effort to be the biggest oil and coal producer in the world.

Which of the following is the most apt description of India in terms of its relationship to the global economy?

Export growth has been driven by services rather than labor-intensive manufacturing.

A top government minister in which country said that Greece should leave the EU?

Germany

Balaam and Dillman conclude that which of the following states must assume more hegemonic responsibilities if European states are to continue to cooperate to solve common problems?

Germany

An analyst of the illicit global economy would probably not agree with which of the following statements?

Global integration and technological change weaken criminal actors.

Which of the following do Balaam and Dillman posit is an important trend in the knowledge structure over the last twenty years?

Global profits are increasingly shifting to those who own knowledge and control distribution of knowledge-intensive goods and services.

Which of the following is an international body established in 1988 under the auspices of the UNEP and the World Meteorological Organization and made up chiefly of climate scientists from all over the world who assess the scientific, technical, and socio-economic information about climate change and its future risks?

IPCC

Which of the following does the Lacey Act prohibit?

Importation of any wood product illegally sourced in a foreign country

Which of the following statements would a structuralist probably agree with?

In its singular pursuit of industrialization, the Chinese Communist Party has disregarded the health and safety of its own people.

Which of the following best characterizes China?

It has a much lower level of inclusive wealth than the United States.

The United States and China have the world's two largest economies, as measured by the size of their GDP. Which country has the 3rd largest economy?

Japan

Iraq accused this country of cheating on its OPEC production quotas and siphoning off oil from the neutral zone between it and this country, which led to the Persian Gulf War in 1990.

Kuwait

Which treaty formally established the "European Union," the European Central Bank, and the Economic and Monetary Union in 1992?

Maastricht Treaty

Which British Prime Minister put the damper on EU integration in the early 1980s by emphasizing neoliberal economic policies?

Margaret Thatcher

Which of the following is not a feature of China and Africa's new energy relationship?

Most of the new power plants that Chinese companies will have built in Africa between 2010 and 2020 will run on wind and solar energy.

Which of the following statements about sovereign wealth funds (SWFs) is correct?

SWFs manage pools of money on behalf of governments.

Which of the following is not an accurate statement about deniers of climate change?

Some of them claim that oil and natural gas are more efficient to produce and distribute than renewable resources.

What is the "hydra effect"?

Stopping drugs in one area causes drug production to increase somewhere else.

Which of the following statements would an economic liberal probably agree with?

Strong IPRs create incentives for creativity and innovation.

Which of the following most clearly reflects economic liberal principles?

Structural Adjustment Programs (SAPs)

Which of the following is most accurate?

Structuralism is the IPE perspective that sees TNCs as agents of capitalist imperialism.

Which region of the world in 2013 had the highest proportion of its population living on $190 a day or less?

Sub-Saharan Africa

Which of the following is a correct statement?

The U.S. president can impose sanctions on countries that don't meet minimum standards in fighting human trafficking.

Which of the following was required of the UK before negotiations could begin with the UK for terms related to its future relationship to the EU?

The UK had to apply to leave the EU under Article 50 of the TEU.

Which statement is inaccurate?

The United States advocates for information sovereignty.

Which of the following statement is correct?

The United States spends more money on R&D each year than any other OECD country.

Which of the following institutions is not a member of the Troika?

The WTO

The idea of the "Six Degrees of Separation" refers to what?

The idea that a relatively small number of actors connects producers and consumers in illicit markets.

Which statement accurately characterizes Global Value Chains?

They encompass all the tasks that companies and workers perform to bring a product from conception to final use.

Which of these statements is incorrect?

U.S corporations are exempt from taxes on profits they repatriate back to the United States from overseas.

Which of the following statements about the financial crisis from 2007 to 2009 is incorrect?

Under Obama, the U.S. Congress passed a $2 trillion stimulus spending package.

Who suggested after World War II that western Europe should forge a "United States" of Europe?

Winston Churchill

A toxic security is another name for

bank mortgages and investments that lost a good deal of their value during the global financial crisis.

What is "arbitrage"?

buying a product in a low-price market and selling it in a higher-price market

China has helped Africa's development in all the following ways except

by promoting labor rights and democracy.

Which term refers to a process in which investors quickly shift their funds out of a nation in search of a "safe harbor" for their investments?

capital flight

Most economic experts argue that the fundamental problem with the EMU is

failure to fulfill the requirements of an optimal currency union.

By the 2000s, the World Bank stressed the importance of all of these factors in development except

democratization.

Which of the following is not one of the "mechanisms" recommended by the Kyoto Protocol to help countries reduce their levels of greenhouse gas emissions?

encouraging developing nations to adopt market-driven trade strategies

The United States seeks to prevent foreign countries from accessing U.S. advanced technology by

establishing deemed export controls. having CFIUS scrutinize foreign investments in the United States. limiting exports of dual-use technologies. (all of the above)

Between 2004 and 2007, global investments in renewable energy more than quadrupled, with solar, wind, and biofuels receiving 82 percent of this money in countries such as China, India, Pakistan, and the Philippines. In which did form of energy did the United States make the preponderance of its new investments during this period?

fossil fuels (coal, oil, and natural gas)

Given the expanding importance of TNCs in global markets, the role of the state seems to

have changed, where the state's role now is to bargain with TNCs

Financialization is closely associated with each of the following except

higher levels of R&D spending over the long term.

Which of the following policies would not be considered to be mercantilist?

implementation of shareholder value theory

Outsourcing by TNCs can result in:

increased employee insecurity among workers in the home countries of the TNCs. increased sales of the TNCs' products in the countries where it outsources or has offset agreements. increased competition from firms that have received outsourced work. (all of the above)

Which of the following was not mentioned as a factor limiting coordination between states against illicit activities?

name-and-shame campaigns

The process in which a TNC contracts with other companies overseas to provide it goods and services is called

outsourcing.

The policy of the U.S. Federal Reserve to increase the money supply by purchasing hundreds of billions of dollars in bonds and mortgage-backed securities is called

quantitative easing.