Test Bank for Cohn Global Political Economy Theory and Practice 7th EditionChapter 1 Introduction
Multiple Choice
1) Theorists who define globalization primarily as an economic phenomenon with little effect on the primacy of states are
a) moderate globalists. b) hyperglobalists. c) international...
1) Theorists who define globalization primarily as an economic
phenomenon with little effect on the primacy of states are
a) moderate globalists.
b) hyperglobalists.
c) internationalists.
d) liberal economists.
Answer: c; Page 7
2) Theorists who emphasize the fact that international relations is
a “self- help” system are most often
a) historical materialists.
b) liberals.
c) Keynesians.
d) neomercantilists.
Answer: d; Page 5
3) Globalization
a) has caused the state to be superseded as the principle actor
in IR.
b) declined in the period between World Wars I and II.
c) is a uniform process throughout the world.
d) is a relatively new phenomenon.
Answer: b; Page 8
4) The total value of goods and services produced by domestically
owned factors of production in a given year is the
1
, a) gross national product.
b) gross domestic product.
c) gross domestic income.
d) gross national income.
Answer: a, Page 9
True-False
1) The 2008 global financial crisis has been the worst financial
crisis sincethe Great Depression.
Answer: True; Page 3
2) The gross national income and gross domestic product are
virtually the same.
Answer: False; Page 9
3) China’s GDP per capita has been increasing rapidly, and is
approaching the levels of the major DCs.
Answer: False; Page 10
4) In the view of liberals, states on the average benefit
equally from economic relationships.
Answer: False; Page 5
Fill in the Blank
1) Neomercantilists who view one state’s gain as another state’s loss
tend to see IPE as a .
Answer: zero-sum game; Page 5
2) A coordinating mechanism where buyers and sellers exchange
goods and services at prices determined by supply and demand is a
.
2
, Answer: market; Page 3
3) A sovereign territorial unit is a .
Answer: state; Page 3
4) When a market does not produce an optimal allocation of
resources, we refer to this as .
Answer: market failure, Page 4
Essay
1) Why is theory important in the study of IPE? Is it possible to
study the facts in IPE without theorizing?
Pages 4-6
2) How do hyperglobalists, internationalists, and moderate
globalists differ in their view of globalization? Which group’s views
do you find most convincing, and why?
Pages 7-8
3) What do the East Asian NIEs, the BRIC economies and the
LLDCs have in common, and how do they differ from each other?
Pages 10-12
4) Discuss what you think would be the pros and cons of trying to
develop asingle all-embracing theory of international political
economy.
Pages 4-6
Chapter 2
Managing the Global Economy since World War
II: The Institutional Framework
Multiple-Choice
3
, 1) States in the mercantilist period
a) increased their technology exports.
b) emphasized industrialization as a means of gaining wealth.
c) helped establish territorial unification and state authority.
d) viewed free trade as serving their interests.
Answer: c; Page 19
2) The 1944 Bretton Woods Conference resulted in the formation of
the
a) UNCTAD.
b) OECD.
c) GATT.
d) IBRD.
Answer: d; Page 17
3) An example of a weighted voting institution is the
a) UNCTAD.
b) IMF.
c) WTO.
d) OECD.
Answer: b; Page 23
4) Britain shifted to free trade policies in the 1830s-40s to
a) promote industrialization on the European continent.
b) increase its agricultural exports.
c) strengthen the Cobden-Chevalier Treaty with France. .
d) increase its industrial exports.
Answer: d; Page 19
5) World Bank presidents have been
a) only Americans
4
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