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Exam 2

Melissa Cooper 18 questions

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Questions in this quiz (18)

  1. 1Which of the following are traditionally party of IPE?
    1. AThe international trading system
    2. BThe international monetary system
    3. Ceconomic development
    4. DAll of the above
  2. 2Export-oriented and import-competing sectors of the economy are both likely to prefer
    1. A an autonomous monetary policy.
    2. Ban appreciating currency.
    3. C stable exchange rates.
    4. D a depreciating currency.
  3. 3The natural rate of unemployment
    1. Arises and falls with unemployment benefits.
    2. Bcannot be reduced over the long term by monetary policy.
    3. Ccannot be reduced over the short term by monetary policy.
    4. Drises and falls with inflation.
  4. 4The increasing use of independent central banks is intended to keep
    1. A
      monetary policy free from electoral politics.




    2. Bmonetary policy focused on exchange rates.
    3. Cexchange rates free from electoral politics.
    4. Dexchange rates fixed to their pegged value.
  5. 5Structural adjustment reforms in Latin America usually involved
    1. A a significant extension of import substitution industrialization.




    2. Bstimulating the economy with a judicious fiscal policy.
    3. Cimplementing a rigorous industrial policy.
    4. Defforts to reduce import barriers and increase exports.
  6. 6Structural adjustment reforms often had the unfortunate effect of




    1. Araising unemployment.
    2. Blowering real wages.
    3. Clowering consumption.
    4. D All of the above
  7. 7A key implication of the 1980s Latin American debt crisis was that
    1. A export oriented policies are doomed to fail.





    2. Bthe IMF has little influence over economic policies of developing countries.
    3. Cimport substitution industrialization policies are doomed to fail.
    4. Dborrowing petrodollars carries more risk than regular dollars.
  8. 8Intermediated bank loans can be risky because
    1. Adepreciation of the lenders domestic currency might raise the cost of servicing debt
    2. Bintermediation requires government collusion to manage exchange rates
    3. Cintermediation requires government collision to manage exchange rates
    4. Ddepreciation of the borrower's domestic currency might raise cost of servicing debt
  9. 9The East Asian financial crises and implementation of IMF reforms resulted in short-term
    1. AThe East Asian financial crises and implementation of IMF reforms resulted in short-term
    2. Beconomic expansion and rising unemployment and poverty rates.
    3. Ceconomic expansion and falling unemployment and poverty rates.
    4. Deconomic contraction and falling unemployment and poverty rates.
    5. Eeconomic contraction and rising unemployment and poverty rates
  10. 10During the time of the Bretton Woods monetary system the US dollar was
    1. Apegged to a fixed price for gold.

    2. Bpegged to a basket of competing currencies.
    3. Cfloated against the market price of gold.
    4. Dd) floated against other majore currencies such as JPY, GBP and EUR.

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Quiz on Exam 2, created by Melissa Cooper on 14/12/2014.
Language
English
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