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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.
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$2 billion.
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$63 million.
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$129 billion.
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QuestionText The United States assumed a the major global financial role in the _____.
1950s.
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1980s.
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1910s.
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1940s.
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QuestionText What is the size of the GDP of the United States in U.S. dollars?
$3 trillion.
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$345 billion.
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$19 trillion.
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$970 billion.
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QuestionText Historically, a stateâs financial resources consisted of
Printed money.
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Diamonds.
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Gold reserves.
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Agricultural land.
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QuestionText National currencies can be converted into other currencies at the
Exchange rate.
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Flexible rate.
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Convertible rate.
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Flat rate.
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QuestionText John Maynard Keynes is the father of
Microeconomics.
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Macroeconomics.
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Fair trade.
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The trade deficit.
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QuestionText Economic liberalism first became prominent in the
First half of the eighteenth century.
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Second half of the eighteenth century.
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Second half of the nineteenth century.
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Second half of the twentieth century.
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QuestionText Who was an early proponent of economic liberalism?
Adam Smith.
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Arthur Schopenhauer.
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Joseph Schumpeter.
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Milton Friedman.
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QuestionText Along with Margaret Thatcher, President _________ is closely associated with promoting liberal economic principles.
Reagan.
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Clinton.
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Obama.
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Eisenhower.
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QuestionText The World Bank and International Monetary Fund were created in
1944.
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1991.
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1918.
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1980.
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QuestionText GATT stands for
Global Association for Temporary Tariffs.
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General Agreement on Tariffs and Trade.
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Global Accord on Tangible Trade.
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General Agreement on Transport Tariffs.
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QuestionText The 1947 GATT was the immediate precursor to which organization?
International Trade Exchange.
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World Trade Organization.
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World Trade Association.
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Global Trade Agreement.
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QuestionText How many members does the WTO have?
The same number as UN member states.
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About two dozen.
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Approximately 160.
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A bit less than 100, with the number declining over time.
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QuestionText Which state was first subsidized by the Soviet Union and then Venezuela?
Iran.
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Albania.
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Cuba.
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Zimbabwe.
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QuestionText The most recent major recession began in ____ and ended in ____.
1990 . . . 2001.
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2001 . . .2006.
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2004 . . .2010.
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2008 . . .2013.
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QuestionText How many people in the world live on less than $1.90 per day?
100 million.
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250 million.
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700 million.
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2.4 billion.
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QuestionText Which country had the worldâs second-largest economy in 2010?
Japan.
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Great Britain.
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China.
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United States.
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