Chapter 8 quiz
was the dominant state international economic program during the period 1929-33. A form of mercantilism Austerity Free trade Economic liberalism
A form of mercantilism
What was the Bretton Woods system designed to prevent? Speculation in the markets for both gold and silver The expansion of the gold to dollar standard Another Great Depression The sale of complex financial instruments called "derivatives"
Another Great Depression
GATT, IBRD, and the IMF were the three institutions of what post-WWII system? Basel Convention on Banking Global Bank system Bretton Woods WTO
Bretton Woods
GATT, IBRD, and the IMF were the three institutions of what post-WWII system? Basel Convention on Banking WTO Bretton Woods Global Bank system
Bretton Woods
The WTO has a dispute-resolution panel called: Bank of International Settlement Trade Dispute Review Board Board to Investigate Trade Problems Dispute Settlement Body
Dispute Settlement Body
The system whereby the United States became the world's "central bank" and backed the dollar with gold is/was called the: Dollar standard Greenback standard Washington Consensus Metallic standard
Dollar standard
The system whereby the United States became the world's "central bank" and backed the dollar with gold is/was called the: Dollar standard Washington Consensus Greenback standard Metallic standard
Dollar standard
The International Bank of Reconstruction and Development was initially tasked with which of the following? Assisting in the decolonization process Aiding the Third World after WWII Encourage consumer spending after WWII Facilitating private investment and reconstruction after WWII
Facilitating private investment and reconstruction after WWII
The WTO replaced which organization? the entire Bretton Woods system IBRD IMF GATT
GATT
What organization brought major reductions in customs duties, quotas, and other measures that previously inhibited cross-border movement of merchandise? GATT/WTO IMF IBRD UNCTAD
GATT/WTO
What organization brought major reductions in customs duties, quotas, and other measures that previously inhibited cross-border movement of merchandise? IBRD IMF GATT/WTO UNCTAD
GATT/WTO
What term refers to the degree to which articles, communications, financial instruments, fixed assets, and people can circulate throughout the world economy, free from state-imposed controls? Semiperiphery market shares Globalization Internationalization Autarchy
Globalization
What international monetary system did the dollar standard replace? Gold standard Currency basket standard Pound standard Ruble standard
Gold standard
Which of the following is not one of the four aspects of globalization as outlined in the text? Deterritorialization Internationalization Internalization Liberalization
Internalization
The Bretton Woods system established a/n: International political economic system Global North-South international system international system without colonies Bipolar international system
International political economic system
What term refers to the international transfer of goods and services within transborder companies? Intrafirm trade Global production Flexing labor forces Triangulation
Intrafirm trade
Regional frameworks like the European Union and NAFTA have removed (to varying degrees) ____________ between participating countries. Labor activism Industrial favoritism Trade socialism Official restrictions on trade
Official restrictions on trade
Regional frameworks like the European Union and NAFTA have removed (to varying degrees) ____________ between participating countries. Official restrictions on trade Labor activism Trade socialism Industrial favoritism
Official restrictions on trade
Which term best describes economic decision making in China? State capitalism 100 Flowers Blooming New Economic Plan (NEP) Iron Law of Wages
State capitalism
Which traditional approach to international economics shares the central presumptions of realism? The Mercantilist tradition The Neorealist tradition The Marxist tradition The Liberal tradition
The Mercantilist tradition
What is the name given to removal of barriers, such as the removal or reduction of tariffs or quotas on the trading of specific goods, to stimulate free trade? Trade liberalization Neomercantilism Mercantilism Structural adjustment policy
Trade liberalization
The term __________ is used to describe a situation in which a single process is spread across several countries. Transborder agency Organized economics Transborder production Global sourcing
Transborder production
The central demand of the New International Economic Order (NIEO) was ________. action to reduce non-tariff barriers action to end the persistence of poverty free market trade liberalization d action to end the persistence of colonial memories and bias
action to end the persistence of poverty
The NIEO included which of the following goals? A fairer trading system Better representation in international economic institutions Protection of economic sovereignty all of the three
all of the three
When the World Trade Organization began its work in 1995, it faced many new kinds of issues. These included: trade-related property rights intellectual property rights all of the three food safety
all of the three
The Trans-Pacific Partnership is intended to _______ . help defray the long-term combined costs of the Vietnam War and the Great Society programs reduce the effects of the Smithsonian Agreement expand the economic clout of ASEAN counter the attempt by China's government to create its now set of trade rules for the region
counter the attempt by China's government to create its now set of trade rules for the region
Protectionism includes all of the following except: a)Domestic subsidies b)Tariffs c)Non-tariff barriers d)Unmitigated trade
d)Unmitigated trade
The _______ tradition of IPE focuses on the ability of institutions to foster trade on the open global market. Marxist mercantilist liberal constructivist
liberal
The __________ tradition focuses on the ability of states to be economically independent, a condition often called "economic nationalism." constructivist liberal Marxist mercantilist
mercantilist
Critics have suggested that ________ large corporations and encourage companies to move jobs overseas. most free trade agreements favor non-tariff barriers favor trade maladjustment encourages most free trade agreements harm
most free trade agreements favor
Most firms involved in global trade "have a ______ board of directors." parsimonious penurious structurally adjusted non-national
non-national
"Global sourcing" refers to ________ . For dependency theorists there is a, which results in: obtaining goods and services across geopolitical boundaries the core and periphery in the international system system-wide exploitation of workers' wages, benefits, and conditions the transfer of funds to the Third World
obtaining goods and services across geopolitical boundaries
"Global sourcing" refers to ________ . For dependency theorists there is a, which results in: the transfer of funds to the Third World the core and periphery in the international system system-wide exploitation of workers' wages, benefits, and conditions obtaining goods and services across geopolitical boundaries
obtaining goods and services across geopolitical boundaries
The government policy of discouraging imports through the imposition of tariffs and non-tariff barriers is called: autarchy development assistance coaxial refinement protectionism
protectionism
The broadly adopted neoliberal approach that advocates the rollback of the state, leaving decisions about allocation, production, and distribution to the market, came to be known as: deregulation the Marshall Plan structural adjustment the Washington Consensus
the Washington Consensus
In 1995 the GATT became: the New International Economic Order (NIEO) the G8 the World Trade Organization (WTO) the International Trade Court
the World Trade Organization (WTO)