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Preguntas del test (42)
1Periphery Countries are less developed countries
- AVerdadero
- BFalso
2What is the path to global decolonization?
- AWW2-}Cold War-}decolonization
- BRevolutionary War-}decolonization
- CCold War-}WW2-}decolonization
3Which of the following about the Washington Consensus was NOT true?
- ACreated after Cold War to attempt to help LDCs
- BIMF and WB should play larger roles
- CMain criticism is that policies hurt LDCs rather than help
- DPromoted MDCs
4Remember that Free Trade was good for the exam
- AVerdadero
- BFalso
5A Foreign Direct Investment is...
- Awhen a TNC opens factories or headquarters in another country which should then help that country's economy
- BWhen an IGO opens banks and organizations within a country's borders
- CWhen a UN office opens in a country
- DWhen the UN shuffles money into a country's growing economy
6FDIs are intended to help countries grow but many times they result in human rights violations, abuse of policies, and overwhelming power in that LDC.
- AVerdadero
- BFalso
7What is the Underlying assumption?
- AThat TNCs shouldn't contribute to foreign direct investments
- BThat TNCs should contribute to foreign direct investments to help less developed countries
- CThat free trade is bad and that countries should intervene
- DThat free trade is good and that countries should not intervene
8The Grameen Bank ends up...
- Anot collecting debts
- Bcreating loansharks
- Cgoing bankrupt itself
- Dcontrolling several countries
9The main institutions to know for the test are:
- AThe Free Trade Administration
World Bank
United Nations - BWorld Trade Organization
International Monetary Fund
World Bank
Washington Consensus - CWorld Trade Organization
Foreign Direct Investments
Grameen Bank - DGrameen Bank
United Nations
Washington Consensus
- AThe Free Trade Administration
10Which of the following is true of Protectionism?
- AIt connects back to the Washington Consensus, the United States uses this on agriculture to protect its own farmers
- BUnited Nations policy to protect interests of the world
- CWorld Bank policy to protect financial interests of the world
- DIt connects back to the World Bank, the United Nation uses this on agriculture to protect its countries
11Which of the following are considered semi-periphery countries?
- ACanada
- BMexico
- CBrazil
- DAustralia
12Semi-Periphery countries has stable economies but are not as competitive
- AVerdadero
- BFalso
13Which of the following are considered periphery countries?
- AUganda
- BFormer Soviet States
- CAustralia
- DSouth Africa
14Which of the following is true of LDCs?
- Acorrupt
- Bformer colonies
- Cstable
- Dimpoverished
15No country wants to export more than they import
- AVerdadero
- BFalso
16Which of the following is true of Neoliberalism
- Alower trade barriers
- Bfree trade
- Cend of Cold War
- Dtargets LDCs
17What is BREXIT?
- Athe scheduled withdrawal of the United Kingdom from the European Union
- Bthe scheduled withdrawal of the Ireland from the European Union
- Cthe scheduled withdrawal of the Germany from the European Union
- Dthe scheduled withdrawal of the France from the European Union
18What is today's economic system?
- Amarket-oriented mixed economies (capitalism)
- BCommunism
- CSocialism
- DN/A
19When Will BREXIT be happening?
- AOctober 31st, 2019
- BIt already happened
- CJanuary 2020
- DOctober 31st, 2020
20What allowed us to reach the economic system we have today?
- AWW2:
Asia and Europe in ruins
Plans to get Europe back on track
Decolonization - BCapitalism winning the Cold War
- CDecolonization
- DColonization
- AWW2:
21What is the World Trade Organization?
- Aan intergovernmental organization that is concerned with the regulation of international trade between nations
- Ba set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund, World Bank and United States Department of the Treasury
- Can international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources
- Dan international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects
22What is the International Monetary Fund (IMF)?
- Aan international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources
- Ban intergovernmental organization that is concerned with the regulation of international trade between nations
- Ca set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund, World Bank and United States Department of the Treasury
- Dan international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects
23What is the World Bank?
- Aan international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects
- Ban international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources
- Can intergovernmental organization that is concerned with the regulation of international trade between nations
- Da set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund, World Bank and United States Department of the Treasury
24What is the Washington Consensus?
- Aa set of 10 economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C.-based institutions such as the International Monetary Fund, World Bank and United States Department of the Treasury
- Ban international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects
- Can intergovernmental organization that is concerned with the regulation of international trade between nations
- Dan international organization headquartered in Washington, D.C., consisting of 189 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world while periodically depending on World Bank for its resources
25Liberal Economics result in...
- AFree Trade
- Btrade deficit
- Cprotectionism
- Dcommunism
26An Import is bring (goods or services) into a country from abroad for sale.
- AVerdadero
- BFalso
27An export is send (goods or services) to another country for sale.
- AVerdadero
- BFalso
28Trade Surplus is the amount by which the value of a country's exports exceeds the cost of its imports.
- AVerdadero
- BFalso
29Trade deficit is the amount by which the cost of a country's imports exceeds the value of its exports.
- AVerdadero
- BFalso
30Who are the winners of Free Trade?
- AExporters with competitive advantage
- BWorkers who gain job in export industries
- CConsumers who benefit from cheaper import prices
- DDomestic firms with higher demand from customers with disposable income
- EUncompetitive domestic firms
- FWorkers who lose jobs
31Who are the losers of free trade?
- AUncompetitive domestic firms
- Bworkers losing jobs in uncompetitive industries
- Cparticular regions who suffer decline in industries
- Dsocial costs of new trade
- Eexporters with competitive advantage
32How do we measure poverty through economic means?
- AUnemployment
- BAggregate GDP
- Cinflation
- DGNI
33How do we measure poverty through social means?
- Ainflation
- BLife expectancy
- Cinfant mortality
- Dgross national income
34What do we do about the gaps in information?
- AFill them in by blind guessing and approximations
- Bresearch
- Ceconomic funding
- Dsocial gathering
35Colonialism is “... a political, economic, and social system in which one group of people, the core or dominant group, controls the political and economic lives of another group of people, the peripheral or dominated group"
- AVerdadero
- BFalso
36decolonization is the action or process of a state withdrawing from a former colony, leaving it independent.
- AVerdadero
- BFalso
37What are the 3 goals of colonialism?
- AControl Means of Production
- BSecure Access to Raw materials
- CDirect capital flow to core countries
- Dto empower smaller entities
38Mercantilism is the Economic theory where trade generates wealth and governments should protect that wealth through tariffs
- AVerdadero
- BFalso
39The triangular trade is an effect of colonization
- AVerdadero
- BFalso
40What is true of cash crops?
- ACrops designed solely for exporting
- Bkept colonization going
- CExamples included rubber, cotton, and rice
- Dkilled certain territories who previous to being colonies, offered and exported a diverse amount of goods
41Which was not an effect of colonialism?
- Acoercion of local rulers
- Brule through collaborators and intermediates
- Csystem of bureaucracy and corruption
- DCapital drain and exploitation
- Elimited commodity economy
- Fmore power to local leaders
42What were the 3 main goals of the Bretton Woods Agreement
- AStabilize all national economies through fixed exchange rate
- BCreate institutions for nations to manage their currencies
- CFinance reconstruction of European economies
- DTo diminish LDCS to make them form into conglomerate nations
Información
- Descripción
- Test sobre Sin título, creado por Brinceton Baum el 29/10/2019.
- Autor
- Brinceton Baum
- Idioma
- English
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