Instructions: For each question, click on the radio button beside your answer. When you have completed the entire quiz, click the “Submit my answers” button at the bottom of the page to receive your results.

Question 1:

The three main perspectives that dominate the discipline of international political economy (IPE) are ________.
a) liberal, Marxist, and nationalist
b) liberal, Marxist, and radical
c) liberal, radical, and feminist
d) Marxist, nationalist, and feminist
e) Marxist, radical, and feminist

Question 2:

The IMF, World Bank, GATT, and WTO were all designed to ________.
a) benefit corporations
b) prevent financial depression
c) increase levels of co-operation between states
d) contribute to eventual world government
e) make lending money easier

Question 3:

The ancient ________ brought goods from the eastern Mediterranean to the shores of the British Isles.
a) Greeks
b) Romans
c) Egyptians
d) Phoenicians
e) Vandals

Question 4:

UK Prime Minister Sir Robert Peel did away with ________.
a) the euro
b) the Corn Laws
c) the Havana Charter
d) tariffs on bananas
e) sterling silver coins

Question 5:

The Havana Charter failed to receive approval from ________.
a) France
b) Britain
c) the United States
d) China
e) Japan

Question 6:

GATT stands for the ________.
a) Global Agreement for Tariffs and Trade
b) Global Association for Tariffs and Trade
c) General Agreement on Taxes and Trade
d) General Association for Treaties in Trade
e) General Agreement on Tariffs and Trade

Question 7:

The principle that no member of an organization be excluded from the benefits that one member state extends to another is known as ________.
a) reciprocity
b) non-discrimination
c) free trade
d) multilateralism
e) dispute resolution

Question 8:

UNCTAD stands for the ________.
a) United Nations Conference on Trade and Development
b) United Nations Commission on Trade and Development
c) United Nations Convention on Taxes and Development
d) United Nations Conference on Tariffs and Development
e) United Nations Convention on Tariffs and Development

Question 10:

Military or development assistance given by one country to another is known as ________.
a) foreign settlement plan
b) global tariff support
c) bilateral aid
d) the Marshall Plan
e) multilateral settlement

Question 11:

In 1999, there was a trade dispute between the US and EU over ________.
a) cheese
b) lumber
c) bananas
d) pork
e) coal and steel

Question 12:

In 2003, investment firm Goldman Sachs published a report subtitled The Path to 2050 that identified ________ as having enormous potential for economic growth.
a) Brazil, Russia, India, and China
b) Brazil, Mexico, India, and China
c) Mexico, India, China, and Russia
d) Mexico, South Africa, Russia, and China
e) Russia, Brazil, India, and South Africa

Question 13:

The dominant financial centre of the nineteenth century was ________.
a) New York
b) Paris
c) London
d) Frankfurt
e) Brussels

Question 14:

The Great Depression was spurred by ________.
a) World War I
b) World War II
c) the 1919 stock market crash
d) the 1929 stock market crash
e) the European real estate crisis

Question 15:

In 1971, the US government decided that the ________ no longer served the interests of the United States.
a) Havana Charter
b) WTO
c) Marshall Plan
d) Bretton Woods System
e) GATT

Question 16:

“Eurodollars” and the “Euromarkets” were created when the Soviet government ________.
a) froze accounts in Eastern Europe
b) entered into free trade with the European Community
c) deposited US currency into a French bank account
d) sold US dollars in favour of European currencies
e) broke from trade with the European Community

Question 17:

In 1982, the ________ government announced that it could not make interest payments on its debt.
a) Brazilian
b) British
c) Canadian
d) Venezuelan
e) Mexican

Question 18:

The “Seven Sisters” were the world’s largest ________.
a) oil companies
b) oil producing countries
c) economies
d) banks
e) corporations

Question 19:

Negotiations toward a proposed free trade agreement known as the ________ have been ongoing since 2010.
a) International Bretton Woods Agreement
b) MNC Growth Plan
c) Marshall Plan
d) Trans-Pacific Partnership
e) Multinational Investment Plan

Question 20:

In 2011, China replaced ________ as the world’s largest exporting nation.
a) India
b) Germany
c) Mexico
d) Brazil
e) the United States

Question 21:

International political economy (IPE) emerged as a subdiscipline during the 1970s.
a) True
b) False

Question 22:

The nineteenth century saw the internationalization of trade and production.
a) True
b) False

Question 23:

The Corn Laws were repealed to liberalize agricultural trade.
a) True
b) False

Question 24:

The GATT began operations in 1947.
a) True
b) False

Question 25:

The GATT system proved successful in benefitting all states in the international system equally.
a) True
b) False

Question 26:

The EU is made up of 32 countries.
a) True
b) False

Question 27:

Maquilas allow foreign corporations to come in, produce goods, and export them back to their home country duty-free.
a) True
b) False

Question 28:

China, India, Brazil, Mexico, and South Africa are part of the G20.
a) True
b) False

Question 29:

The Doha Round of trade negotiations began in 2001.
a) True
b) False

Question 30:

The US government loan program designed to help countries of Western Europe after WWII was the Dodge Plan.
a) True
b) False

Question 31:

Deregulation of financial markets took place in the 1980s and 1990s.
a) True
b) False

Question 32:

In 1989, a debt reduction plan was devised by US Treasury Secretary Nicholas Brady.
a) True
b) False

Question 33:

The Asian economic crisis of 1997 began in South Korea.
a) True
b) False

Question 34:

The financial crisis of 2008 was spurred by a US real estate collapse.
a) True
b) False

Question 35:

Canada has been a member of the G8 since its original formation in 1975.
a) True
b) False

Higher Education

Politics: An Introduction, Second Edition: Chapter 13