Polsci 369 Quiz #2

according to the theory of comparative advantage

(not a nation should produce those goods which it is more efficient at producing than are other nations, a nation can gain from trade if it is equally inefficient in producing two goods, or a nation must have an absolute advantage in at least one good to gain from trade.) none of A, B, or C

Financialization is closer associated with each of the following except

Higher levels of R&D spending over the long term

Which statement about copyrights is correct?

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

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 US dollar

IPRs are an important issue for developing countries because

all of these are important reasons

Which of the following is not characteristic of the fixed exchange rate of the finance and monetary structure?

Currency values were allowed to adjust up or down freely according to supply and demand conditions

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

All of the above

The United States seeks to prevent foreign countries from accessing US Advanced technology by

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?

All of the above

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

Austerity

What 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 2000 and 2008 the US dollar declined in value relative to the euro and renminbi

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

Which leader complained that by holding weak US dollars, his country was helping pay for the Vietnam war

Charles de Gaulle

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

Failure to fulfill the requirements of an optimal currency union

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

Germany

Which of the following states must assume more hegemonic responsibilities if European states are to continue to cooperate to solve common problems?

Germany

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 policies would not be considered to be mercantilist?

Implementation of shareholder value theory

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

Karalous Papoulias

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

Margaret Thatcher

Which treaty formally established the European Union, ECB, and The EMU

Mastricht Treaty

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

Strong IPRs create incentives for creativity and innovation

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 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

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 balance of trade

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

Under Obama the US congress passed a 2 trillion dollar stimulus package

Who suggested after World War II that the US should forge a United States of Europe

Winston Churchill

Which statement is inaccurate

a) The United States advocates for information sovereignty.

What is toxic security another name for

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