Ch9 Political Economy: National And Global Full Test Bank - Politics 1e | Exam Pack by Ferdinand by Peter Ferdinand. DOCX document preview.
Chapter 09 Test Bank
Type: true-false
Title: Chapter 09 - Question 01
01) Neo-classical economics assumes that free markets behave irrationality and thus strong government intervention is required.
a. True
Page reference: 206 (Box 9.1)
b. False
Page reference: 206 (Box 9.1)
Type: multiple choice question
Title: Chapter 09 - Question 02
02) Which two entities do most studies in political economy take to be their principal objects of concern?
Page reference: 208
a. States and markets.
b. States and corporations.
c. Governments and markets.
d. Markets and corporations.
Type: multiple response question
Title: Chapter 09 - Question 03
03) Which of the following about mercantilism are correct? Please select all that apply.
Page reference: 208
a. Mercantilism comes from ‘mercator’ in Flemish.
b. Mercantilism comes from ‘merchant’ in Latin.
c. Mercantilist ideas were expressed as early as the 16th century.
d. Mercantilist ideas were expressed as early as the 17th century 1664.
Type: true-false
Title: Chapter 09 - Question 04
04) A basic premise of mercantilism is that national wealth and military power go hand in hand, each supporting the other.
a. True
Page reference: 209
b. False
Page reference: 209
Type: true-false
Title: Chapter 09 - Question 05
05) Mercantilism supports the ideology of the free market while at the same time supporting a strong state along the lines of realist principles.
a. True
Page reference: 211
b. False
Page reference: 211
Type: multiple choice question
Title: Chapter 09 - Question 06
06) Who developed the concept of comparative advantage?
Page reference: 211
a. Adam Smith.
b. David Ricardo.
c. Karl Marx.
d. John Maynard Keynes.
Type: multiple response question
Title: Chapter 09 - Question 07
07) The principal elements of early liberal political economy include which of the following?
Page reference: 211–12
a. Individual initiative.
b. Laissez-faire.
c. Collective national interest.
d. Self-interest.
Type: multiple response question
Title: Chapter 09 - Question 08
08) John Maynard Keynes is regarded as a pro-state liberal because he believed which of the following to be true?
Page reference: 212
a. The role of the state is essential in producing the conditions for overall social, political, and economic well-being.
b. The sum of rational individual action always coincides with what is good for the state as a whole.
c. The market is not a source of infallible wisdom and the state is therefore required to make essential adjustments.
d. The functions of the state are undermined by free market forces.
Type: true-false
Title: Chapter 09 - Question 09
09) The ‘new political economy’ promoted by Robert W. Cox accepts the basic form of world order developed over the centuries but insists on serious reforms to make it more equitable.
a. True
Page reference: 219
b. False
Page reference: 219
Type: multiple response question
Title: Chapter 09 - Question 10
10) The ‘Bretton Woods’ institutions that emerged as part of the post-war economic order include which of the following? Please select all that apply.
Page reference: 220
a. The Internal Monetary Fund.
b. The Gold Standard.
c. The General Agreement on Tariffs and Trade.
d. The International Bank for Reconstruction and Development.
Type: multiple choice question
Title: Chapter 09 - Question 11
11) Which factors led to calls for a New International Economic Order (NIEO) in the 1970s?
Page reference: 222
a. Soaring energy costs.
b. Increasing indebtedness.
Incorrect
c. Inflation.
d. All of the above.
Type: multiple response question
Title: Chapter 09 - Question 12
12) Structural adjustment programmes imposed by the World Bank and the IMF on poorer countries from the 1980s include which of the following measures?
Page reference: 222
a. Stimulation of public spending.
b. Restrictions on public spending.
c. Privatization of state resources.
d. Nationalization of state resources.
Type: true-false
Title: Chapter 09 - Question 13
13) The ‘Millennium Development Goals’ (MDGs) set 2017 as the year by which the number of people living in extreme poverty would be halved.
a. True
Page reference: 223
b. False
Page reference: 223
Type: true-false
Title: Chapter 09 - Question 14
14) The thriving economies of the Asia-Pacific region have relied solely on the dynamics of free market forces with minimal state involvement in stimulating favourable conditions for economic growth and development.
a. True
Page reference: 225
b. False
Page reference: 225
Type: multiple choice question
Title: Chapter 09 - Question 15
15) The Association of Southeast Asian Nations (ASEAN) is a regional organization whose original purpose was concerned mainly with what?
Page reference: 225
a. Enhancing security in the region.
b. Developing trade links between Southeast Asia and Europe.
c. Promoting deeper integration with East Asia and Australasia.
d. Opposing Japanese forces during World War II.