MSU ISS315 Exam#2V2

Balanced growth of population

According to our discussion what type of population growth is good for an economy?

Because of his innovative work through Grameen bank

According to our lectures, Muhammad Yunus is the recipient of 2006 Nobel Prize for economics. What did he do?

Hegemony

According to our lectures, economic, political, and military domination of one nation over another nation is?

USA

According to our lectures, which nation has serious problem of both budget and trade deficit?

Economic Liberalism

According to which theory, trickle down economy leads to general welfare of society?

He paid undisclosed amount of money to Russian Mafia

After a performance in Moscow, the American Magician David Copperfield was prohibited to leave Russia. He was allowed to leave Russia only after?

Service Jobs

Apollo Hospital in India attracts a large number of foreign patients including form the USA. In this example what type of jobs we are losing to other countries

Spain, Holland, Portugal

As discussed in lectures, which of the following nations was an imperial nation in 19th century?

Biology theories and social Darwinism

Bell Curve theory was influenced by?

Promotion of Consumerism

Chapter 1: According to the author, what is common characteristic of Thanksgiving, Santa Claus, and Walt Disney World?

Culture of capitalism emerged gradually through a historical process

Chapter 1: This chapter is about emergence of culture of capitalism. Which one of the following statements best describes authors point of view on this process?

Capitalism is responsible for global issues such as poverty, hunger, and environmental degradation

Chapter 2: Which of the following statements best describes authors point of view on global issues such as poverty, hunger, and environmental degradation?

Labor was mobile, Workers were divided, They were subject to need kinds of discipline and control

Chapter 2: Which one of the following was one of the characteristics of working class people during the 19th century

The workers, Political leaders, capitalists

Chapter 4: According to the authors, who is the main beneficiary of Nation-State

Military, Improved means of communication, Terror and violence

Chapter 4: Authors list a number of tools used in the past in different regions to create State. Which of the following is one of them?

Promote Religious Fundamentals

Chapter 4: In this chapter, authors discuss the concept of nation state and nation building. He gives a list of things nations do to construct the state. Which one of the following is NOT one of them... -Promote one language -Use educational institutions -Violence and Genocide -Promote religious fundamentals

All of the Above

Chapter 4: The nations around the globe help corporations such as Nike to promote there business. In which areas, states spend money to help corporations to generate more and more profit? -Communication Networks -Financial Institutions -Lobbying for favorable labor laws

Lack of Ability to purchase food

Chapter 6: According to the author, what is the main cause of hunger?

The Men of the Family

Chapter 6: Women receive bulk of the loans form Grameen Bank of Bangladesh. According to one research report presented in this chapter, who controls the money received by these women?

American Block

During cold war West Germany, Japan, and Canada belonged

Socialism

Under which economic system things are produced for use not for profit?

USA

During one of my trips, I saw an old lady who was buying used clothes from a store. She picks up a dozen or so used clothes and goes to the checkout. She pulls out all the money she had in her purse. It was not enough. She leaves out one third of the clothes. Money is still short. She laves out another blanket. Where did I see this?

United States of Europe (EU)

European Union consists of a large number of nations from Europe. What was the first proposed name for this union?

Immigration of Asian Americans was controlled by INS and they bought in highly educated people from Asia

In the U.S. Median income of Asian Americans is much higher compared to all other ethnic groups. According to our class lecture, what is the main reason for that?

Poor people have low IQ

In their book Bell Curve authors Herrnstein and Murray give reasons for poverty. Which one of the following is one of those reasons?

All of the Above

Poverty, low productivity in agriculture, and poor transportation systems are some of the common problems in Niger. Also, it is one of the nations with largest percent of its population facing extreme hunger. Which of the following three variables is responsible for hunger in Niger? -Production of Food -Distribution of Food -Access to Food

The time of President Johnson

The War of Poverty in the U.S. began during the time of?

Strategic Trade History

The statement, National government should encourage certain companies and help them success refers to?

Socialism

Theoretically speaking, which system eliminates inequality?

Economy based on free market

What is economic liberalism?

A bank in Bangladesh that gives out small loans to rural poor people

What is the Grameen Bank?

Positive

What was the impact of WWII on U.S. Economy?

Reconstruction of Japan and Germany

What was the main goal of Bretton Woods System?

Help Europe in its development projects

What was the main goal of Marshall Plan?

Help in developed of European nations

What was the main goal of Marshall Plan?

Norway

Which nation has the highest HDI ranking?

China

Which nation has the largest trade surplus?

All of the Above

Which of the following is emphasized under economic nationalism? -Economic activities should be tied to nation building -Defense is more important than trade -It is ok to impose trade barriers and tariffs

Management skills, Good college education, Generous immigration policy

Which of the following is one of the strengths of U.S. economy?

Rwanda

Which of the following nations is not in Quaternary stage?

Primary Sector

Which one of the following best describes the economy of Somalia?

Dependence on Natural Resources

Which one of the following is a serious threat to the future of economy of Middle Eastern nations such as Saudi Arabia? -Conflict with Israel -Terrorism -Dependence on Natural Resources

Germany

Which one of the following nations has big trade surplus?

Ireland

Which one of the following nations has the highest GDP per capita?

All of the Above

Which one of the following nations used Japanese model of development? -Taiwan -Japan -Korea

Growth of Capital is slower than non-welfare states

Which one of the following statements best describes growth of capital in a welfare state?

Growth of capital is slower than non-welfare states

Which one of the following statements best describes growth of capital in a welfare state?

Economic activities should be tied to nation building, defense is more important than trade, its ok to impose trade barriers and tariffs

which one of the following is emphasized under economic nationalism?