International Studies
Exam Answer Key
Course Introduction
International Studies is an interdisciplinary field that explores the complex political, economic, cultural, and social interactions among nations and regions in a rapidly globalizing world. The course examines key concepts such as globalization, diplomacy, international conflict and cooperation, human rights, global governance, and transnational issues like migration, environmental challenges, and development. Students gain analytical skills to understand the dynamics of international relations and the impact of historical and contemporary events on global communities, preparing them for informed engagement in an interconnected world.
Recommended Textbook
International Political Economy 5th Edition by Thomas Oatley
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16 Chapters
720 Verified Questions
720 Flashcards
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Page 2
Chapter 1: International Political Economy
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45 Verified Questions
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Source URL: https://quizplus.com/quiz/33715
Sample Questions
Q1) Political institutions establish the rules governing the political process.As such,
A) democratic institutions promote mass participation in collective choices.
B) democratic institutions restrict participation to a narrow set of individuals.
C) authoritarian systems promote mass participation in collective choices.
D) in international economic organizations, decisions typically reflect the preferences of the less powerful nations.
E) they usually do not help to enforce collective decisions.
Answer: A
Q2) How did national economic policy in most countries change after World War I?
A) They continued to expand their colonial expansion.
B) They adopted the gold standard to finance the war.
C) They no longer tightly controlled international trade flows.
D) They retreated into sheltered national economies.
E) They no longer tightly controlled international financial flows.
Answer: D
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Chapter 2: The World Trade Organization and the World Trade System
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Sample Questions
Q1) Which of the following is<u> NOT</u>an idea generally advanced by scholars to account for the rapid proliferation of RTAs?
A) To decrease a country's bargaining power in multilateral trade negotiations.
B) The EU establishment of free-trade agreements as the first step in the accession process.
C) A country's desire to gain a more secure access to the market of a particularly important trading partner.
D) A government's need to signal a strong commitment to economic reform.
E) The disintegration of the Soviet Union.
Answer: A
Q2) The World Trade Organization - WTO
A) has a staff and budget about the same as the World Bank.
B) has a staff and budget somewhat larger than the World Bank.
C) has its headquarters in London.
D) has its headquarters in Washington, D.C..
E) has a staff and budget much smaller than the World Bank.
Answer: E
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Chapter 3: The Political Economy of International Trade Cooperation
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Sample Questions
Q1) The ideal trade bargaining outcome for the US/EU countries
A) combines high barriers to their agricultural imports and low barriers to their manufactured goods exports.
B) combines high barriers to their agricultural imports and high barriers to their manufactured goods exports.
C) combines low barriers to their agricultural imports and high barriers to their manufactured goods exports.
D) combines low barriers to their agricultural imports and low barriers to their manufactured goods exports.
E) combines high barriers to their services and high barriers to their manufactured goods imports.
Answer: A
Q2) The Hecksher-Ohlin trade model argues that
A) developed countries have the same basic factor endowments.
B) developed countries have the same comparative advantages.
C) developed countries have a lot of capital but little labor.
D) comparative advantage arises from differences in factor endowments.
E) comparative advantage arises from similarities in factor endowments.
Answer: D
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Chapter 4: A Society-Centered Approach to Trade Politics
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Sample Questions
Q1) The model that argues that trade politics are driven by competition between competition between labor and capital is called
A) the sector model.
B) the liberal model.
C) the conservative model.
D) the factor model.
E) the distributional model.
Q2) Electoral systems that combine single member districts and first-past-the-post elections are best called
A) proportional representation systems.
B) majoritarian systems.
C) modified proportional representation systems.
D) systems that advantage smaller third parties.
E) systems that advantage party coalitions.
Q3) Explain how producer groups rather than consumer groups can more easily organize to lobby government in the pursuit of their desired trade policy.
Q4) Explain the differences between the factor and sector models of trade policy preferences regarding factor mobility.
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Chapter 5: A State-Centered Approach to Trade Politics
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Sample Questions
Q1) State strength is the degree to which national policymakers are insulated from domestic interest group pressures.
A)True
B)False
Q2) Countries losing high-technology industries as a consequence of the industrial policies pursued by other countries often respond by supporting their own firms in a similar way.
A)True
B)False
Q3) ___________ is often depicted as the preeminent example of a strong state that has been able and willing to use industrial policy to promote economic development.
A) Great Britain
B) Germany
C) United States
D) Japan
E) Post-Soviet Russia
Q4) Explain how society-centered approaches differ from state-centered approaches with regard to state autonomy.
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Page 7
Chapter 6: Trade and Development I: Import Substitution
Industrialization
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Sample Questions
Q1) Export substitution strategy is one
A) in which manufactured goods industries developed in secondary ISI began to export rather than continue to produce for the domestic market.
B) which was adopted by most governments outside of East Asia.
C) in which manufactured goods industries developed in easy ISI began to export rather than continue to produce for the domestic market.
D) in which manufactured goods industries developed in easy ISI began to be imported rather than exported for the international market.
E) in which manufactured goods industries developed in easy ISI began to be imported rather than continue to produce for the domestic market.
Q2) Most governments of developing countries after World War II believed that higher standards of living were not possible with most people living on subsistence agriculture.
A)True
B)False
Q3) Explain the coordination problems identified by structuralist theory and the suggested remedies for government intervention.
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8
Chapter 7: Trade and Development II: Economic Reform
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Sample Questions
Q1) Why was the East Asian export oriented strategy so successful for the countries that adopted it? What effect did it have on the decline of manufacturing labor in advanced industrial states?
Q2) Compare and contrast the strengths and weaknesses of the two different explanations for East Asian success.
Q3) According to Oatley,policies that government used to promote industrialization weakened agriculture to such an extent that
A) heavy tax burdens caused massive rural protests.
B) farmers left the rural areas for urban areas in massive numbers in search of new jobs.
C) the fall in payments received by government marketing boards caused severe budget deficits.
D) farmers had to smuggle their goods to foreign countries to avoid taxes.
E) falling prices gave farmers little incentive to increase agricultural production.
Q4) Domestic politics in support of urban residents aggravated the budget deficits generated by ISI.
A)True
B)False
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9
Chapter 8: Multinational Corporations in the Global Economy
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Sample Questions
Q1) Locational advantages for market-oriented investments arise from the presence of large deposits of a particular natural resource in a foreign country.
A)True
B)False
Q2) Explain the concept of locational advantages and historically their three specific country characteristics.
Q3) Vertical integration refers to instances in which firms internalize their transactions for intermediate goods.
A)True
B)False
Q4) Explain where,how and why some developing countries are becoming both the host of foreign firms and home to domestic MNCs.
Q5) Describe the dilemmas for host countries of inviting MNC foreign investments into their economies.
Q6) According to Oatley,the prevalence and organization of MNCs is puzzling to neoclassical economists.
A)True
B)False
Page 10
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Chapter 9: The Politics of Multinational Corporations
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Sample Questions
Q1) The United Nations' Resolution on Permanent Sovereignty over Natural Resources was passed in 1962.This resolution
A) recognized the right of host countries to exercise full control over foreign firms extracting those resources.
B) recognized the right of foreign firms to exercise full control over their operations extracting those resources.
C) recognized the right of foreign firms to determine the appropriate compensation in the event of expropriation.
D) was formally rejected by capital-exporting governments in 1982.
E) was successfully re-negotiated in 1992.
Q2) Nationalizations in the late 1960s and first half of the 1970s occurred most often in the extractive industries and the banking sector.
A)True
B)False
Q3) Describe and explain the political and economic concerns expressed by the growing importance of sovereign wealth funds.
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Chapter 10: The International Monetary System
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Sample Questions
Q1) What role has the gold standard played in currency exchange systems since 1870?
Q2) In floating exchange rate systems,balance of payments adjustment occurs through changes in domestic prices.
A)True
B)False
Q3) Most countries have national currencies that are not generally accepted as legal payment outside their borders.
A)True
B)False
Q4) Explain each of the four innovations introduced by the Bretton Woods system.
Q5) The sole purpose of the international monetary system is to A) maximize the profits of MNCs.
B) protect the rights of home countries of MNCs.
C) protect the rights of host countries of MNCs.
D) control and regulate the currencies of countries.
E) facilitate international economic exchange.
Q6) What is "dollar overhang" and how did it threaten the stability of the Bretton Woods system?
Q7) How does the IMF stabilization fund work?
Q8) Why do we live in a world where currencies are so unstable?
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Chapter 11: Cooperation, conflict and Crisis in the Contemporary International Monetary System
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Sample Questions
Q1) By 1987,the U.S.current account deficit had grown to
A) $ 50 billion.
B) $ 75 billion.
C) $ 100 billion.
D) $ 125 billion
E) $ 150 billion
Q2) From a postwar low in 1979,by 1985 the dollar had appreciated by about
A) 10%.
B) 20%.
C) 30%.
D) 50%.
E) 70%.
Q3) The U.S. government's Toxic Asset Relief Program (TARP)in 2008 to purchase risky assets from the largest banks authorized more than
A) $300 billion.
B) $500 billion.
C) $700 billion.
D) $1.0 trillion.
E) $2.0 trillion.
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Chapter 12: A Society-Centered Approach to Monetary and Exchange-Rate Policies
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Sample Questions
Q1) Which of the following reasons is a <u>weakness </u>of the explanation of exchange-rate policy changes according to the electoral approach?
A) It tells us little about exchange-rate policy at other times other than election periods.
B) Different political parties pursue distinct macroeconomic objectives.
C) Right wing parties are typically less concerned about unemployment and more concerned about inflation.
D) It does not assume that all governments value monetary autonomy more than exchange-rate stability.
E) Exchange rate policy is determined by the group that has the greatest influence regardless of elections.
Q2) According to Keynes,economies can get stuck at high levels of unemployment because of
A) government budget deficits.
B) uncertainty of investment decisions.
C) adverse parliamentary regulations.
D) exchange rate instability.
E) cash hoarding.
Q3) Describe and explain the partisan model of monetary and exchange-rate politics.
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Chapter 13: A State-Centered Approach to Monetary and Exchange-Rate Policies
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Sample Questions
Q1) As the euro appreciated in 2007-2008,European business associations called upon EU governments to pressure the US,Japan,and China to take steps to strengthen their currencies.
A)True
B)False
Q2) The natural rate of unemployment is the rate of unemployment
A) to which an economy will return after a recession or a boom.
B) which is determined by the country's minimum wage.
C) which could be zero.
D) which cannot be raised by labor market institutions.
E) which is determined by the rate of inflation.
Q3) According to Figure 13.5,for 1964-1970 for the six countries listed,if we add the inflation rate to the unemployment rate (lowest is best),the country with the lowest score is
A) the United States.
B) Germany.
C) France.
D) Britain.
E) Japan.
Q4) Are independent central banks compatible with democratic principles?
Page 15
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Chapter 14: Developing Countries and International
Finance I: the Latin American Debt Crisis
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Sample Questions
Q1) Explain the process and the consequences of weighted voting in the Executive Board of the IMF.Why has the managing director usually been a non-American?
Q2) Describe and explain why and how debt service ratios rendered Latin American countries vulnerable to international economic shocks in the 1980s.
Q3) The center piece of macroeconomic stabilization program intended to eliminate the large current-account deficits was the reduction of A) capital outflows.
B) unemployment.
C) exports.
D) budget deficits.
E) MNC profits.
Q4) If all Latin American debtor governments had defaulted in the 1980s,most of the capital of the largest American commercial banks would have been eliminated. A)True
B)False
Q5) What are the pros and cons of IMF conditionality to the funds it extends to developing countries?
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Chapter 15: Developing Countries and International
Finance II: a Decade of Crises
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Sample Questions
Q1) The results from the initial debt-reduction programs were disappointing.Debt-service burdens actually increased for the poorest countries in spite of reducing foreign debt by around
A) $10 billion.
B) $30 billion.
C) $60 billion.
D) $90 billion.
E) $150 billion.
Q2) "Moral hazard" in the field of international political economy is when A) banks have an incentive to make safer loans than they would make in the absence of a guarantee of a government bailout.
B) banks charge higher interest rates to high risk borrowers.
C) the practice of lending heavily to high risk borrowers makes a systemic financial crisis more destructive.
D) financial institutions have close ties to governments, sometimes through personal relationships.
E) banks believe that the government will bail them out if they suffer large losses on the loans they have made.
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Chapter 16: Globalization: Consequences and Controversies
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Sample Questions
Q1) The dynamics of environmental rules and WTO trade principles have received greater attention than ever before.Which of the following statements <u>are not</u>likely to be used by environmentalists on this issue?
A) If items are produced through two different methods with two very different environmental consequences, they are not like products under WTO rules.
B) Even when WTO rules do allow governments to restrict trade in pursuit of environmental goals, the burden of proof necessary can be insurmountable.
C) Income gains from WTO free trade principles are more important than negative environmental consequences.
D) The WTO should accept as a general principle that any trade restriction applied in connection with an MEA is fully consistent with WTO rules.
E) Environmental safeguards are not simply means to disguise protectionism.
Q2) Discuss and explain how globalization has both positive and negative scale and structural effects on the environment.
Q3) Explain and discuss some of the claims and counter claims about the contemporary effects of globalization in the world economy.
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