INR 1

The "state" is to collective interest as

"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?

China and India

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.

MDGs

Which is the best statement of the relationship between wealth and power according the mercantilist thought?

National wealth creates national power and national power secures national wealth

Which level of analysis would focus on the actions of different national legislatures when it comes to dealing with the global financial crisis?

State

How does neoimperialism differ from classical imperialism?

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

The Keynesian compromise can be summed up in which of the following statements?

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

The depersonalized actions of _____ often act as an unseen coordinator of social behavior in today's global political economy

markets

The Modern World System theory looks at capitalism as:

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

Ideological manipulation (false consciousness) occurs when

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

Which of the following is a major characteristic of globalization?

It has remained quite popular with elites in the developed nations

All of the following are elements of feminist analysis applied to IPE except which one?

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

Which IPE perspective professes that people and states should value economic efficiency, and a laissez-faire role for the state in the economy?

OELs

Which of the following statements most likely reflects a structuralist feminist point of view?

Patriarchy is an important part of a system of exploitation

Which of the following statements about IPE structures is wrong?

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

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 dialectical process

John Stuart Mill is most noted for changing liberalism to reflect

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

Which of the following is NOT likely to be on the list of things OELs would recommend to solve the global financial crisis?

do more to insulate people from the negative effects of globalization

Lenin believed that capitalism was able to postpone its crisis by:

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

individual self interests and choices

An important example of neomercantilism in the 1970s was the United States-led campaign with many industrialized states to decrease their foreign dependence on _____

oil

David Ricardo favored free open international markets. Which of the following ideas about free, open markets is not associated with Ricardo?

open markets results in zero-sum benefits to all

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?

political

IPE is created by the parallel existence and dynamic interaction of

states and markets

All of the following are central elements of constructivist analysis EXCEPT:

the distribution of wealth and power between the major powers

The term "embedded liberalism" refers to

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

Which of the following is NOT one of Marx's Laws of Capitalism?

the law of capitalist imperialism

Which period of history is often called the "mercantilist period"?

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

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.

the state

The basic idea behind structuralism is that

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