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