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)