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Return to International Relations 3e Student Resources
Chapter 07 Quiz
International Political Economy and Development
Quiz Content
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QuestionText The United States spent about _______ in aid for the Marshall Plan.
$12 billion.
correct
incorrect
$2 billion.
correct
incorrect
$63 million.
correct
incorrect
$129 billion.
correct
incorrect
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not completed
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QuestionText The United States assumed a the major global financial role in the _____.
1950s.
correct
incorrect
1980s.
correct
incorrect
1910s.
correct
incorrect
1940s.
correct
incorrect
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QuestionText What is the size of the GDP of the United States in U.S. dollars?
$3 trillion.
correct
incorrect
$345 billion.
correct
incorrect
$19 trillion.
correct
incorrect
$970 billion.
correct
incorrect
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QuestionText Historically, a stateâs financial resources consisted of
Printed money.
correct
incorrect
Diamonds.
correct
incorrect
Gold reserves.
correct
incorrect
Agricultural land.
correct
incorrect
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QuestionText National currencies can be converted into other currencies at the
Exchange rate.
correct
incorrect
Flexible rate.
correct
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Convertible rate.
correct
incorrect
Flat rate.
correct
incorrect
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QuestionText John Maynard Keynes is the father of
Microeconomics.
correct
incorrect
Macroeconomics.
correct
incorrect
Fair trade.
correct
incorrect
The trade deficit.
correct
incorrect
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QuestionText Economic liberalism first became prominent in the
First half of the eighteenth century.
correct
incorrect
Second half of the eighteenth century.
correct
incorrect
Second half of the nineteenth century.
correct
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Second half of the twentieth century.
correct
incorrect
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QuestionText Who was an early proponent of economic liberalism?
Adam Smith.
correct
incorrect
Arthur Schopenhauer.
correct
incorrect
Joseph Schumpeter.
correct
incorrect
Milton Friedman.
correct
incorrect
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QuestionText Along with Margaret Thatcher, President _________ is closely associated with promoting liberal economic principles.
Reagan.
correct
incorrect
Clinton.
correct
incorrect
Obama.
correct
incorrect
Eisenhower.
correct
incorrect
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QuestionText The World Bank and International Monetary Fund were created in
1944.
correct
incorrect
1991.
correct
incorrect
1918.
correct
incorrect
1980.
correct
incorrect
*
not completed
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QuestionText GATT stands for
Global Association for Temporary Tariffs.
correct
incorrect
General Agreement on Tariffs and Trade.
correct
incorrect
Global Accord on Tangible Trade.
correct
incorrect
General Agreement on Transport Tariffs.
correct
incorrect
*
not completed
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QuestionText The 1947 GATT was the immediate precursor to which organization?
International Trade Exchange.
correct
incorrect
World Trade Organization.
correct
incorrect
World Trade Association.
correct
incorrect
Global Trade Agreement.
correct
incorrect
*
not completed
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QuestionText How many members does the WTO have?
The same number as UN member states.
correct
incorrect
About two dozen.
correct
incorrect
Approximately 160.
correct
incorrect
A bit less than 100, with the number declining over time.
correct
incorrect
*
not completed
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QuestionText Which state was first subsidized by the Soviet Union and then Venezuela?
Iran.
correct
incorrect
Albania.
correct
incorrect
Cuba.
correct
incorrect
Zimbabwe.
correct
incorrect
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not completed
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QuestionText The most recent major recession began in ____ and ended in ____.
1990 . . . 2001.
correct
incorrect
2001 . . .2006.
correct
incorrect
2004 . . .2010.
correct
incorrect
2008 . . .2013.
correct
incorrect
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not completed
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QuestionText How many people in the world live on less than $1.90 per day?
100 million.
correct
incorrect
250 million.
correct
incorrect
700 million.
correct
incorrect
2.4 billion.
correct
incorrect
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not completed
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QuestionText Which country had the worldâs second-largest economy in 2010?
Japan.
correct
incorrect
Great Britain.
correct
incorrect
China.
correct
incorrect
United States.
correct
incorrect
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