Global Economy & Equity Ch.11 Full Test Bank

1) Which of these is not an example of a global south region?

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. Asia

b. Latin South America

c. Eastern Europe

d. Africa

2) ____________ is not a category used in differentiating economies of global north and south.

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. Lower-middle

b. Newly industrialized countries

c. High

d. Upper-middle

3) Which of these countries was once considered part of the global south?

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. Ukraine

b. South Korea

c. Italy

d. Syria

4) Which of these is not a part of BRIC?

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. Chile

b. India

c. Russia

d. Brazil

5) Which of these statements is incorrect about Global South countries.

Feedback:factual

Chapter Section Reference: North-South Patterns

a. Most share a history of colonialism.

b. They are some of the leading consumers of goods produced in the Global North.

c. Most were sovereign nations before World War II.

d. They rely on the export of primary products.

6) Services and manufactured goods account for more than _______ of Global North exports.

Feedback:factual

Chapter Section Reference: North-South Economic Patterns

a. 55%

b. 75%

c. 80%

d. 90%

7) Which of these factors is not a result of rapid urbanization in the Global South?

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. weakening social order

b. unemployment

c. poor sanitary, housing, and related services

d. an increased workforce in the agricultural sector

8) What percent of the 500 largest MNCs are based in the North?

Feedback:factual

Chapter Section Reference: North-South Economic Patterns

a. 90%

b. 70%

c. 45%

d. 30%

9) Industrial development in the Global South contributes to all of these except ____________.

Feedback:applied

Chapter Section Reference: North-South Societal Patterns

a. air pollution

b. decreased water quality

c. afforestation

d. mechanization

10) During the 2008 Beijing Summer Olympics, __________________ became a serious concern for athletic performance and health.

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. water scarcity

b. language barrier

c. heatwaves

d. air pollution

11) Which is not a characteristic of the global political economy?

Feedback:conceptual

Chapter Section Reference: Dependency in the Global Economy

a. mostly unregulated

b. competition

c. self-reliance

d. collective welfare

12) During colonialism, dominant countries typically imported_____________.

Feedback:factual

Chapter Section Reference: North-South Economic Relations

a. services

b. manufactured goods

c. raw goods

d. semi-finished goods

13) All these are issues identified in the Millennium Development Goals (MGDs), except.

Feedback:applied

Chapter Section Reference: Three Views of the Millennium Development Goals

a. reducing extreme poverty

b. removing trade barriers

c. improving health

d. increasing education

14) In which year were the Sustainable Development Goals (SDGs) launched?

Feedback:factual

Chapter Section Reference: The UN and Economic Development

a. 1948

b. 1981

c. 2002

d. 2015

15) In 2017, ___________ in official development assistance (ODA) flowed from North to South.

Feedback:factual

Chapter Section Reference: Dependency in the Global Economy

a. over $500 billion

b. 45 billion

c. $100 million

d. $146 billion

16) Balancing economic, social, and environmental dimensions of development is a crucial feature of____________.

Feedback:conceptual

Chapter Section Reference: The UN and Economic Development

a. the SDGs

b. the UN Global Compact

c. the MDGs

d. the NICs

17) According to the chapter, what global event was a significant turning point for structures and relationships in the global system?

Feedback:conceptual

Chapter Section Reference: The UN and Economic Development

a. abolition of slave trade

b. World War II

c. the Cold War

d. World War I

18) Passage of the New International Economic Order (NIEO) in 1974 by the UN General Assembly can be attributed to ___________.

Feedback:factual

Chapter Section Reference: The UN and Economic Development

a. LDCs

b. the G-77

c. the UNCTAD

d. the IMF

19) Which of these American presidents argued that LDCs have not done enough to reform themselves?

Feedback:factual

Chapter Section Reference: The North’s Response to the South’s Reform Agenda

a. Donald Trump

b. George W. Bush

c. Ronald Reagan

d. Bill Clinton

20) The World Bank’s classification of low, middle, and high-income countries is based on_______________.

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. Purchasing Power Parity (PPP)

b. Gross Domestic Product (GNP) per capita

c. Gross Domestic Product (GDP)

d. Gross National Income (GNI) per capita

21) Which of these is not one of the UN's economic priorities?

Feedback:conceptual

Chapter Section Reference: The United Nations and Global Political Economy

a. provision of technical assistance to the global south

b. regulation of global corporations

c. monitoring global interest rates

d. integration of the global south into the world economy

22) Which of the following is not an example of a cartel?

Feedback:applied

Chapter Section Reference: Trade and Investment Supports

a. Asian and Pacific Coconut Community

b. the airline industry

c. OPEC

d. the tea industry

23) Which of the following is not a policy agenda for the G-77?

Feedback:conceptual

Chapter Section Reference: The South’s Reform Agenda

a. debt relief granted by Northern countries

b. Increased opportunities for Southern workers' migration to Northern countries.

c. Institutional reforms of international financial agencies in order to increase Southern countries' influence over policies.

d. Increased investments in Southern countries through long term land leases by Northern countries.

24) Which of the following is an example of dumping as a trade tactic?

Feedback:applied

Chapter Section Reference: Trade and Investment Supports

a. A country is subsidizng its industries to give them a competitive advantage.

b. A foreign manufacturer sells below cost abroad with the intent of driving other competitors out of business.

c. America imposing retaliatory tariffs on Chinese goods.

d. Government's use of economic sanctions.

25) According to the chapter, which of these best describes the need for the Global North to help the Global South?

Feedback:applied

Chapter Section Reference: Dependency in the Global Economy

a. UN pressure

b. a growing sense of shared economic fate

c. economic competition between the North and South

d. counter South-South economic relations

26) Which of the following statements is not true?

Feedback:applied

Chapter Section Reference: Using Economic Means to Achieve Economic Ends

a. Nationalistic attitudes greatly inform

Trump's economic policies.

b. Politics plays a vital role in determining economic policy.

c. Liberal internationalists favor protectionist policies as a mechanism for growth.

d. Despite increased globalization, countries still prioritize economic policies that ultimately promote their prosperity.

27) According to the chapter, tariffs are __________________.

Feedback:conceptual

Chapter Section Reference: Trade and Investment Barriers

a. taxes imposed on foreign goods imported into a country

b. taxes imposed on domestic goods exported to another country

c. low-cost exports into a country

d. monetary gains between trading partners

28) Health and safety standards are an example of __________.

Feedback:factual

Chapter Section Reference: Trade and Investment Barriers

a. nontariff barriers

b. monetary barriers

c. investment restrictions

d. tariff barriers

29) Which of the following statements is not accurate about trade and investment barriers?

Feedback:conceptual

Chapter Section Reference: Trade and Investment Barriers

a. Quotas involve capping the number of units a country can ship.

b. Generally, tariff rates in the Global North are much higher than in the Global South.

c. Countries manipulate exchange rates to ensure that their currencies are weaker than other currencies.

d. The average tariff on agricultural products is much higher than it is on manufactured products.

30) Why might countries engage in dumping as a trade tactic?

Feedback:conceptual

Chapter Section Reference: Trade and Investment Supports

a. for profit maximization

b. to establish a new market

c. to facilitate economic growth in the receiving country

d. to drive competitors out of a particular market

31) Which of the following barriers would restrict foreign professionals from providing services in another country?

Feedback:applied

Chapter Section Reference: Trade and Investment Barriers

a. tariff barriers

b. health and safety standards

c. monetary barriers

d. administrative requirements

32) According to the chapter, the average tariff in the US is___________.

Feedback:factual

Chapter Section Reference: Trade and Investment Barriers

a. 31.4%

b. 3.4%

c. 10%

d. 4.9%

33) In which year did the International Tea Agreement establish a cartel to regulate tea?

Feedback:factual

Chapter Section Reference: Trade and Investment Supports

a. 1960

b. 1945

c. 1933

d. 1990

34) The ways political forces interact with economic forces in the global economy is known as ______________

Feedback:conceptual

Chapter Section Reference: Chapter Opener

a. globalization

b. international economic development

c. global political economy

d. industrialization

35) According to the chapter, distress dumping occurs when _______________.

Feedback:factual

Chapter Section Reference: Trade and Investment Supports

a. a foreign company has an oversupply of its product

b. a foreign manufacturer sells below market price to drive out competition

c. a foreign company is limited in the number of units it can ship

d. a country limits foreign ownership of companies

36) Which of the following is not an argument that internationalists make?

Feedback:factual

Chapter Section Reference: Internationalism: Benefits for All?

a. Unrestricted trade promotes global cooperation.

b. Development of the South will increase Global North's prosperity.

c. Foreign investors' control of the economy results in their ability to influence political processes.

d. Free economic interchange promotes beneficial competition.

37) According to the US Federal Reserve Bank protectionism _______________.

Feedback:factual

Chapter Section Reference: Internationalism: Benefits for All?

a. results in the continued growth of the American economy

b. leads to lower prices of the protected items

c. is a cost on the economy

d. stimulates innovation

38) argue that jobs are lost when MNCs establish businesses in other countries.

Feedback:applied

Chapter Section Reference: Economic Nationalism: A Competitive Future

a. Economic nationalists

b. Internationalists

c. World systems believers

d. Proponents of globalization

39) The theory of comparative advantage was developed by .

Feedback:factual

Chapter Section Reference: Internationalism: Benefits for All?

a. John Stuart Mill

b. Adam Smith

c. John Maynard Keynes

d. David Ricardo

40) During the 2008 Beijing Summer Olympics China banned the use of nearly ______________ high-polluting vehicles during the games.

Feedback:conceptual

Chapter Section Reference: Uneven Patterns of Development

a. 300,000

b. 500,000

c. 400,000

d. 200,00

41) In 2017 the U.S. had a trade deficit with China that amounted to _________________.

Feedback:factual

Chapter Section Reference: New Developments in North-South Competition

a. $376 billion

b. $400 billion

c. $569 billion

d. $289 billion

42) Which of the following countries is considered a newly industrialized country?

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. Israel

b. Malta

c. South Korea

d. Japan

43) High-income countries account for ____________ of the world population.

Feedback:factual

Chapter Section Reference: The World Economy: Diverse Circumstances

a. 20%

b. 12%

c. 17%

d. 25%

44) China accounted for _______________ of all exports from upper middle-income countries.

Feedback:factual

Chapter Section Reference: North-South Economic Patterns

a. 25%

b. 46%

c. 37%

d. 41%

45) People who live in the Global North produce more than _______________ for every $1 produced by people who live in the poorest parts of the Global South.

Feedback:factual

Chapter Section Reference: North-South Societal Patterns

a. $40

b. $60

c. $55

d. $37

46) There are about ______________ doctors per 1000 people in the poorest countries.

Feedback:factual

Chapter Section Reference: North-South Societal Patterns

a. 5 doctors

b. 3 doctors

c. 1 doctors

d. 1.2 doctors

47) A child born in one of the poorest countries is _____________ more likely to die before age five than a child in the Global North.

Feedback:factual

Chapter Section Reference: North-South Societal Patterns

a. 10 times

b. 17 times

c. 12 times

d. 15 times

48) From 1960 to 2017, the population of sub-Saharan Africa increased by_____________.

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. 205%

b. 189%

c. 405%

d. 321%

49) Between 1965 and 2008, the share of the Global South’s population living in urban areas ______.

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. stayed the same

b. tripled

c. doubled

d. quadrupled

50) Approximately ______________ cities in the Global South have populations over 1 million.

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. 200

b. 175

c. 190

d. 150

51) All of the following are reasons why economic relations between the North and South remain strained except for ________________.

Feedback:conceptual

Chapter Section Reference: North-South Economic Relations

a. The South’s rejection of any form of aid from the North.

b. Resentment in the South over its past and present treatment by the North.

c. Continued assertiveness by countries in the Global South that they have a right to a much higher share in the world's economic wealth.

d. The North’s general and recurrent rejection of the South’s demands for unilateral and compensatory economic reforms by the North.

52) Europeans receive mostly raw or transformed goods such as fuels, agricultural products, and textiles from ___________________.

Feedback:conceptual

Chapter Section Reference: North-South Economic Relations

a. Africa

b. Latin America

c. Asia

d. the Caribbean

53) In 2012, _______________ told one international development conference that LDCs had not done enough to reform themselves

Feedback:applied

Chapter Section Reference: The North’s Response to the South’s Reform Agenda

a. France President Jacques Chirac

b. Bill Gates

c. President George W. Bush

d. Steve Jobs

54) The famous and violent anti-globalization protest took place in ________________.

Feedback:factual

Chapter Section Reference: The UN and Global Economic Regulation

a. 1999

b. 1994

c. 1990

d. 1997

55) The UN Global Compact was launched in ________________________.

Feedback:conceptual

Chapter Section Reference: The UN and Global Economic Regulation

a. 2005

b. 2001

c. 2000

d. 2008

56) The UN began sponsoring North-South economic summit conferences in ________________.

Feedback:factual

Chapter Section Reference: The UN and Economic Development

a. 1987

b. 1983

c. 1981

d. 1985

57) How many Sustainable Development Goals (SDGs) are there?

Feedback:factual

Chapter Section Reference: The UN and Economic Development

a. 17

b. 15

c. 21

d. 25

58) The UN Development Programme (UNDP) was established in ____________________.

Feedback:factual

Chapter Section Reference: The UN and Economic Development

a. 1965

b. 1945

c. 1956

d. 1979

59) _____________ out of 20 of the world’s most populous cities are in the Global South

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. 10

b. 17

c. 12

d. 15

60) At the 2005 G-77 meeting, leaders adopted the ________________ to continue strengthening the unity and solidarity among countries of the South.

Feedback:applied

Chapter Section Reference: The South’s Reform Agenda

a. Doha Plan of Action

b. Bali Action Plan

c. Cancun Action Plan

d. Santiago Plan of Action

61) China consumed over _________________ of the world’s energy consumption in 2017.

Feedback:factual

Chapter Section Reference: New Developments in North-South Competition

a. 15%

b. 17%

c. 25%

d. 23%

62) All of the following are trade and investment Barriers, except for ______________.

Feedback:conceptual

Chapter Section Reference: Trade and Investment Barriers

a. free trade

b. tariffs or taxes imposed on foreign goods imported into a country

c. nontariff barriers (NTBs)

d. investment restrictions

63) Upper income countries of the Global North exported almost ______________ of all goods and services in 2016.

Feedback:factual

Chapter Section Reference: North-South Economic Patterns

a. 70%

b. 67%

c. 81%

d. 59%

64) Foreigners are barred from controlling airlines in all the following countries except for _______________.

Feedback:factual

Chapter Section Reference: Trade and Investment Barriers

a. The US.

b. Australia

c. European Union

d. Canada

65) Which is the most famous heavily subsidized economic sector?

Feedback:applied

Chapter Section Reference: Trade and Investment Supports

a. tourism

b. agriculture

c. fishing

d. mining

66) The Marshall Plan provided aid for which of the following countries?

Feedback:factual

Chapter Section Reference: Internationalism: Benefits for All?

a. China

b. Russia

c. Brazil

d. Japan

67) In Nigeria, ____________ of the urban households are connected to a sewer.

Feedback:factual

Chapter Section Reference: Uneven Patterns of Development

a. more than half

b. less than half

c. less than three quarters

d. all

68) The book On the Principles of Political Economy and Taxation was written by _______________.

Feedback:conceptual

Chapter Section Reference: Internationalism: Benefits for All?

a. David Ricardo

b. Stuart Mill

c. Alfred Marshall

d. Dan Blatt

69) In the 1990s Americans were sensitive to the fact that a _______________ company acquired the Seattle Mariners baseball team.

Feedback:applied

Chapter Section Reference: Economic Nationalism: A Competitive Future

a. Chinese

b. Brazilian

c. Japanese

d. German

70) The U.S. embargo on most trade with and travel to Cuba began in______________.

Feedback:factual

Chapter Section Reference: Economic Nationalism: A Competitive Future

a. 1960

b. 1955

c. 1970

d. 1965

71) The rapid globalization process began after ________________.

Feedback:conceptual

Chapter Section Reference: A World Systems Postscript

a. World War II

b. World I

c. the Cold War

d. the internet age

Type: essay/short answer question

Title: Chapter 11 Question 01

1) Reflect on the concept of the Global South.

Feedback: What is the Global South?

 With examples, describe three or four perceptions about the Global South held by those in the Global North.

 What are some of your perceptions about the region?

Type: essay/short answer question

Title: Chapter 11 Question 02

2) Describe immigration patterns from the Global South to the Global North.

Feedback: According to the chapter, what are some factors driving immigration?

 What are some of the arguments that anti-immigrant groups in the Global North make?

 What should we expect to see in terms of immigration trends in the future? Give examples to support your answer.

Type: essay/short answer question

Title: Chapter 11 Question 03

3) What role does geography play in our understanding of the Global North vs. the Global South?

Feedback: Global North and South are mere geographical designations. Discuss this with examples to support your answers.

 Which countries challenge the Global North – Global South designations? Give at least four examples to justify your answer.

Type: essay/short answer question

Title: Chapter 11 Question 04

4) Describe the categorization of world countries into income levels.

Feedback: How is the world categorized based on income levels?

 Describe how these categories are constructed.

 How do income categories help aid understanding of the world economy and how countries interact?

Type: essay/short answer question

Title: Chapter 11 Question 05

5) Describe BRIC and its role in the world economy.

Feedback: What does BRIC stand for?

 Describe common characteristics of BRIC countries.

 How are BRIC countries shaping/reshaping the global political economy?

Type: essay/short answer question

Title: Chapter 11 Question 06

6) Reflect on Global South countries and neocolonialism.

Feedback: What is neocolonialism? How is it different from colonialism?

 Globalization is a form of neocolonialism. Discuss this with examples to justify your answer.

Type: essay/short answer question

Title: Chapter 11 Question 07

7) Identify and explain trade differences between the Global North and the Global South.

Feedback: What goods and services are produced and exported from the Global South?

 How are North-North investment flows affecting the Global South? Give examples.

 In what ways are Global South countries shifting the patterns of trade in recent years? Give examples to support your answer.

Type: essay/short answer question

Title: Chapter 11 Question 08

8) Explain social, economic realities in the Global South.

Feedback: According to the chapter, what factors are used in this regard?

 Identify three social, economic issues. Using data provided in the chapter or other reliable sources compare and contrast the social-economic status in the Global South and Global North.

 With specific examples, explain the value of comparing the two regions.

Type: essay/short answer question

Title: Chapter 11Question 09

9) Describe statistical challenges in understanding social, economic realities in the Global South.

Feedback: With at least four examples, describe challenges in collecting and interpreting social, economic data

Stories have the power to capture realities that data alone cannot discuss with examples to support your arguments.

Type: essay/short answer question

Title: Chapter 11 Question 10

10) What is urbanization, and how is it changing the economic landscape of Global South countries?

Feedback: Define urbanization and give examples

 With at least five examples, describe societal and environmental issues associated with urbanization.

 Who are the winners and losers of urbanization?

Type: essay/short answer question

Title: Chapter 11 Question 11

11) Reflect on liberal internationalism and its role in shaping the global economy.

Feedback: What is liberal internationalism?

 Reflect on the view that the Global North must help the Global South. Give at least three reasons to justify your answer.

Type: essay/short answer question

Title: Chapter 11 Question 12

12) Reflect on development assistance.

Feedback: With examples, identify existing forms of development assistance.

 The global economy is characterized by competition and self-reliance, how does development assistance fit in this?

 What sentiments do people in the Global North have towards development assistance?

Type: essay/short answer question

Title: Chapter 11 Question 13

13) Describe the role of the United Nations in the global political economy.

Feedback: What does the UN have to do with the global political economy? Give at least four examples to justify your answer

 Identify at least three central bodies of the UN in connection with the global political economy

 How effective is the UN in creating change within the global political economy?

Type: essay/short answer question

Title: Chapter 11 Question 14

14) Reflect on trade and investment barriers and their role in shaping global economic relations.

Feedback: What are trade and investment barriers? Describe each type.

 With three examples, describe how a country benefits from trade and investment barriers

 Apart from trade and investment barriers, how else can countries control and influence trade?

Type: essay/short answer question

Title: Chapter 11 Question 15

15) Reflect on economic nationalists in the era of increased globalization.

Feedback: Who are economic nationalists, and what are their main arguments?

 With examples, describe at least three advantages and three disadvantages of economic nationalism.

 How are economic nationalists different from internationalists?

Type: essay/short answer question

Title: Chapter 11 Question 1

1) Some scholars have argued that the division between Global North and Global South remains one of the most significant challenges to global governance and global development. With examples, explain arguments that may support this view.

Feedback: How did Global North and Global South designations come about?

 Describe the characteristics of the Global North and Global South.

 How do globalization and resulting movements of people, goods, and services skew some of these differences?

 What complexities exist for those seeking global integration (political, economic, or both) amidst existing disparities?

 Global North and South designations do little in bringing about global development and improving global governance. Discuss with examples to support your views.

Type: essay/short answer question

Title: Chapter 11 Question 2

2) To what extent are current circumstances in the Global South a product of their colonial legacies?

Feedback: In a paragraph or two, describe the history of colonialism in the Global South

 With at least four examples, explain what the authors mean by colonial legacies

 How have Global South countries integrated into the global political economy? Can you identify distinctive patterns of integration? What are these dependent on?

 How are South-South economic relations shifting the global political economy?

 Some economists have argued for more trade and less aid. What are some of their main arguments? How can trade bring about desired changes in the Global South?

Type: essay/short answer question

Title: Chapter 11Question 3

3) To counter retaliatory tariffs placed on US agricultural products by China, the Trump administration gave $12 billion in farm subsidies in 2018. The following year, an additional $16 billion in farm subsidies were allocated. Use the links provided below to write a 350-word op-ed on the issue.

Feedback: What triggered China’s retaliatory tariffs on US agricultural products?

 Using information from the chapter, identify various forms of trade barriers and support involved in this issue

 Who are the winners and losers so far?

 With examples, describe at least three possible scenarios moving forward.

 Give policy recommendations to ensure positive outcomes for both parties involved in the war. How would you characterize your policy stance, i.e., nationalistic, internationalist, or other?

Type: essay/short answer question

Title: Chapter 11Question 4

4) According to the authors, world systems views fit closely with Vermont Senator Bernie Sanders. In a 350-word essay, discuss the authors’ argument by examining world systems principles alongside senator Sander’s.

Feedback: What do the proponents of world systems believe?

 What are the viewpoints presented by senator Sanders and his supporters?

 Can you identify differences between Senator Sanders and world systems views?

 Think broadly about the United States’ policies, how does world systems fit in with existing policies? Give examples to justify your answer.

Type: essay/short answer question

Title: Chapter 11Question 5

5) Global North countries cannot hope to address their immigration issues without Global South countries being at the table. Write a 350-word op-ed establishing your position on this.

Feedback: What have been the main drivers of immigration from Global South to Global North countries?

 In what ways has globalization exacerbated these issues?

 With growing nationalism in some Global North countries, how will immigration patterns shift moving forward?

 How can the Global North capitalize on South-South economic relations to address their immigration issues? Give specific examples to support your argument.