International Political Economy: Master the Global Economy's Dynamics

Question 1

Which of the following is NOT a key feature of globalization?

Accepted Answer

Heightened governmental control over the economy

Answer

Increased interdependence of economies worldwide

Answer

Heightened trade and movement of goods and services across borders

Answer

Increased prominence of multinational corporations

Question 2

Which characteristic is NOT a direct result of globalization?

Accepted Answer

Reduced cultural exchange and increased isolation

Answer

Enhanced global connectivity and interdependence

Answer

Increased movement of goods, services, and capital across borders

Answer

Growing influence of multinational corporations and non-governmental organizations

Question 3

Which of the following is NOT a characteristic of globalization?

Accepted Answer

Reduced trade and investment flows

Answer

Increased cultural exchange

Answer

Increased technological advancements

Answer

Increased migration and movement of people

Question 4

In the context of neoliberalism, which entity is primarily responsible for driving economic growth and development?

Accepted Answer

Private sector businesses

Answer

International organizations

Answer

Non-governmental organizations

Answer

National governments

Question 5

What is a defining characteristic of globalization?

Accepted Answer

Growing interconnectedness of economies worldwide

Answer

Weakening influence of national governments

Answer

Unification of cultures globally

Answer

Escalating environmental damage

Question 6

Which characteristic is NOT typically associated with globalization?

Accepted Answer

Increased global wealth equality

Answer

Increased global interconnectedness

Answer

Increased flow of goods and services

Answer

Growing influence of multinational corporations

Question 7

Which principle lies at the heart of neoliberalism, an ideology that has profoundly influenced the global economy?

Accepted Answer

Unrestricted free trade and open market policies

Answer

Increased government involvement in economic matters

Answer

Expansion of social welfare programs for societal well-being

Answer

Implementation of protectionist measures to shield domestic industries

Question 8

Which of the following is NOT a key characteristic of globalization?

Accepted Answer

Cultural homogenization

Answer

Increased interdependence among nations

Answer

Reduced barriers to international trade

Answer

Growing influence of international organizations

Question 9

In neoliberal economic theory, what is the State's primary function in the economy?

Accepted Answer

Intervene only when necessary to address market failures and maintain economic stability

Answer

Intervene heavily and regulate the economy to promote social equality

Answer

Provide comprehensive social welfare programs for the disadvantaged

Answer

Nationalize key industries and centrally plan the economy

Question 10

Which principle is NOT a core tenet of neoliberalism?

Accepted Answer

Government intervention

Answer

Free markets

Answer

Privatization

Answer

Deregulation

Question 11

Which of the following is NOT a direct result of globalization?

Accepted Answer

Increased income inequality

Answer

Increased interconnectedness

Answer

Reduced barriers to trade and investment

Answer

Increased interdependence of national economies

Question 12

Which of the following is a key characteristic of globalization?

Accepted Answer

Increased economic interdependence

Answer

Reduced cultural diversity

Answer

Increased government regulation

Answer

Decreased technological advancement

Question 13

Which principle is NOT a fundamental tenet of neoliberalism?

Accepted Answer

Prioritizing social equity

Answer

Unrestricted market operations

Answer

Minimal government intervention

Answer

Encouraging privatization

Question 14

Which principle is central to neoliberalism and distinguishes it from other economic ideologies?

Accepted Answer

Unwavering commitment to free market principles

Answer

Extensive government intervention in economic affairs

Answer

Redistributive taxation policies that favor lower income earners

Answer

Strong support for organized labor and collective bargaining

Question 15

Which of the following is NOT a key characteristic of globalization?

Accepted Answer

Reduced cultural diversity

Answer

Increased global interconnectedness

Answer

Growing role of non-governmental organizations

Answer

Widening economic gaps

Question 16

Which characteristic is central to globalization?

Accepted Answer

Growing interconnectedness of nations

Answer

Heightened government control

Answer

Declining technological advancements

Answer

Expanding cultural differences

Question 17

Which of the following is a core principle of neoliberalism?

Accepted Answer

Unrestricted market competition

Answer

Extensive government intervention in the economy

Answer

Generous social welfare programs

Question 18

Which principle is NOT associated with neoliberalism, an ideology that promotes free market capitalism and minimal government involvement?

Accepted Answer

State intervention to address income inequality

Answer

Free market competition

Answer

Limited government intervention

Answer

Privatization of government-owned assets

Question 19

Which of the following is a key characteristic of neoliberalism?

Accepted Answer

Emphasis on market forces and deregulation

Answer

Government intervention in the economy

Answer

Protectionist policies and import substitution

Question 20

What is a defining characteristic of globalization?

Accepted Answer

Enhanced interconnectedness and interdependence

Answer

Cultural homogenization

Answer

Diminished government regulations

Question 21

Which factor is a primary driver of globalization?

Accepted Answer

Technological advancements

Answer

Political ideologies

Answer

Economic policies

Question 22

Which of the following is NOT a characteristic of globalization?

Accepted Answer

Increased isolationism among nation-states

Answer

Increased interconnectedness and interdependence

Answer

Reduced barriers to trade and investment

Answer

Expansion of multinational corporations

Question 23

Which of the following is NOT a defining characteristic of globalization, as defined in this unit?

Accepted Answer

Strengthened influence of nation-states

Answer

Increased economic interdependence among nations

Answer

Growing influence of multinational corporations

Answer

Weakening of cultural boundaries

Question 24

Which of the following is a less commonly recognized consequence of globalization?

Accepted Answer

Reduced income disparities between nations

Answer

Increased interconnectedness of global markets

Answer

Spread of technology and ideas

Question 25

Which of the following is NOT a recognized challenge to sustainable development?

Accepted Answer

Encouraging gender equality and empowering women

Answer

Balancing economic development with environmental protection

Answer

Eradicating poverty and minimizing inequality

Answer

Combating climate change and its effects

Question 26

Question: Which of the following is a defining feature of neoliberalism, a prominent economic ideology of the late 20th and early 21st centuries?

Accepted Answer

Emphasis on reducing government spending and regulations

Answer

Government intervention in the economy

Answer

Protection of domestic industries from foreign competition

Question 27

Which concept is NOT a core principle of neoliberalism?

Accepted Answer

Government intervention

Answer

Free trade

Answer

Privatization

Answer

Deregulation

Question 28

Which of the following is a potential drawback of foreign direct investment (FDI) in developing countries?

Accepted Answer

Exploitation of natural resources

Answer

Increased employment opportunities

Answer

Enhanced technology transfer

Answer

Improved infrastructure development

Question 29

Which of these is NOT a core principle of neoliberalism in international political economy?

Accepted Answer

Government intervention to boost economic growth

Answer

Free markets with limited government involvement

Answer

Promoting globalization and free trade

Question 30

Which of the following is NOT a characteristic of globalization?

Accepted Answer

Increased role of national governments in economic planning and regulation

Answer

Increased global interconnectedness and interdependence

Answer

Increased flows of goods, services, and investment across borders

Answer

Increased flow of capital and labor

Question 31

Which of the following is NOT a defining characteristic of globalization?

Accepted Answer

Growing economic disparities within and between nations

Answer

Enhanced global interconnectedness

Answer

Accelerated technological progress

Question 32

According to realism, why is globalization an inevitable process in the international system?

Accepted Answer

Because the international system lacks a central authority to regulate interactions between states.

Answer

Because powerful states use globalization to control weaker states economically.

Answer

Because globalization promotes peace and cooperation among states.

Answer

Because realism does not provide any insights into globalization.

Question 33

Globalization and National Sovereignty: How does globalization both challenge and support the concept of national sovereignty? Explain with specific examples.

Accepted Answer

Globalization weakens national sovereignty by reducing the economic independence of nations.

Accepted Answer

Globalization strengthens national sovereignty by promoting cooperation and shared problem-solving.

Answer

Globalization has no significant impact on national sovereignty, leaving nations fully sovereign.

Answer

Globalization only strengthens national sovereignty by boosting economic growth and empowering nations.

Question 34

Which of the following is **not** a foundational theory in the field of International Political Economy?

Accepted Answer

Feminism

Answer

Realism

Answer

Liberalism

Answer

Marxism

Question 35

The World Trade Organization (WTO) is an example of which type of organization in the international system?

Accepted Answer

Intergovernmental organization

Answer

Non-governmental organization

Answer

Supranational organization

Answer

International financial institution

Question 36

According to Antonio Gramsci, hegemony refers to:

Accepted Answer

Domination through cultural and ideological consent

Answer

Domination through physical force

Answer

Domination through military power

Answer

Domination through economic control

Question 37

The term 'global governance' refers to:

Accepted Answer

Managing global affairs through international cooperation

Answer

The domination of global affairs by a single superpower

Answer

Regulating global financial markets by a single institution

Answer

Resolving global conflicts through military force

Question 38

Which international organization is responsible for facilitating and regulating global trade?

Accepted Answer

World Trade Organization

Answer

United Nations

Answer

World Bank

Answer

International Monetary Fund

Question 39

In International Political Economy, the concept of 'relative gains' refers to:

Accepted Answer

Pursuing gains relative to other countries

Answer

Seeking gains in absolute terms

Answer

Avoiding losses at all costs

Answer

Maximizing trade volume

Question 40

The 'Washington Consensus' refers to a set of:

Accepted Answer

Neoliberal economic policies

Answer

Keynesian economic development strategies

Answer

Marxist critiques of capitalism

Answer

Realist theories of international relations

Question 41

Which concept in International Political Economy emphasizes the significance of power dynamics?

Accepted Answer

Hegemony

Answer

Interdependence

Answer

Constructivism

Answer

Sovereign equality

Question 42

'Embedded liberalism' describes:

Accepted Answer

A balance between free trade and social welfare policies

Answer

A return to protectionist economic policies

Answer

A radical critique of capitalism

Answer

A neoliberal approach to economic governance

Question 43

Which of the following is NOT a characteristic of globalization?

Accepted Answer

Strengthened role of nation-states

Answer

Increased interconnectedness and interdependence

Answer

Expansion of multinational corporations

Answer

Cultural homogenization

Question 44

According to the theory of realism in international relations, which of the following is the primary driver of state behavior?

Accepted Answer

Power and security

Answer

Economic interests

Answer

Ideology

Answer

Normative values

Question 45

Which international organization facilitates and regulates global trade?

Accepted Answer

World Trade Organization (WTO)

Answer

International Monetary Fund (IMF)

Answer

World Bank

Answer

United Nations (UN)

Question 46

Which international institution offers financial assistance and support to developing nations?

Accepted Answer

World Bank

Answer

International Monetary Fund (IMF)

Answer

United Nations Development Programme (UNDP)

Answer

Organisation for Economic Co-operation and Development (OECD)

Question 47

Which key difference distinguishes the post-Bretton Woods era from the Bretton Woods system?

Accepted Answer

Floating exchange rates vs. fixed exchange rates

Answer

Emphasis on managed trade vs. free trade

Answer

Dominance of the euro vs. the US dollar

Answer

Gold as a reserve currency vs. fiat currencies

Question 48

How have the roles of international economic institutions like the World Bank and IMF evolved in response to changing global economic conditions?

Accepted Answer

The World Bank and IMF have taken on new roles beyond providing financial aid to developing countries.

Answer

The World Bank and IMF have always had the same roles since their creation after World War II.

Answer

The World Bank and IMF have become less important as developing countries have become more self-sufficient.

Question 49

Which criticism is valid for economic policies associated with neoliberalism?

Accepted Answer

Increases economic inequality

Answer

Promotes fair competition

Answer

Ensures environmental sustainability

Answer

Encourages state intervention in the economy

Question 50

How do non-state actors, such as multinational corporations and NGOs, influence the outcomes of global economic policies?

Accepted Answer

By negotiating directly with governments

Accepted Answer

By providing financial support to political campaigns

Answer

By using social media to spread false information

Answer

By having no impact on global economic policies

Question 51

Which concept, central to International Political Economy (IPE), does **NOT** refer to the relationship between states?

Accepted Answer

Class struggle

Answer

Power and interdependence

Answer

Production and exchange

Answer

Security and welfare

Question 52

According to dependency theory, a key feature of the global economic system is:

Accepted Answer

Unfair exchange practices between advanced and developing nations

Answer

Free movement of all production factors

Answer

Progressive convergence of economic conditions globally

Answer

Exclusive dominance of the United States as the sole superpower

Question 53

Which international organization has a primary mission to promote unhindered international trade?

Accepted Answer

World Trade Organization

Answer

United Nations

Answer

International Monetary Fund

Answer

Organisation for Economic Co-operation and Development

Question 54

Emphasizing the pervasive influence of power dynamics in shaping international political economy, which theoretical approach aligns with this perspective?

Accepted Answer

Realism

Answer

Liberalism

Answer

Constructivism

Answer

Feminism

Question 55

A prominent characteristic of the international economic order after the Cold War is:

Accepted Answer

Heightened interdependence and globalization

Answer

Bipolar dominance by the United States and the Soviet Union

Answer

Emergence of regional economic blocs

Answer

Decline of welfare state systems

Question 56

Embedded liberalism, as a concept, suggests that:

Accepted Answer

Economic cooperation thrives within a political framework that prioritizes stability and security

Answer

Economic competition instigates political conflicts among nations

Answer

Politics has no meaningful impact on economic outcomes

Answer

Economic globalization inevitably leads to the diminishing power of the state

Question 57

How do non-state actors primarily exert influence within the global financial system?

Accepted Answer

Through indirect means like lobbying and advocacy

Answer

By directly controlling financial institutions

Answer

By concentrating their influence on developing nations

Answer

By playing a negligible role in shaping the global financial system

Question 58

Which of the following core concepts explains the advantages of specialization and trade among nations?

Accepted Answer

Comparative advantage

Answer

Balance of power

Answer

Sovereignty

Answer

Hegemony

Question 59

Identify the international organization primarily responsible for facilitating global trade through the establishment of rules and regulations.

Accepted Answer

World Trade Organization

Answer

World Bank

Answer

United Nations

Answer

International Monetary Fund

Question 60

What term describes the growing interconnectedness and interdependence of the global economy?

Accepted Answer

Globalization

Answer

Protectionism

Answer

Nationalism

Answer

Regionalism

Question 61

Which term describes a situation where one country exerts disproportionate influence and power on the global stage?

Accepted Answer

Hegemony

Answer

Unilateralism

Answer

Interdependence

Answer

Multipolarity

Question 62

What is the primary mission of the World Bank?

Accepted Answer

Provide financial assistance to developing countries

Answer

Promote international trade

Answer

Regulate the global financial system

Answer

Offer humanitarian aid

Question 63

Which term describes an international system where power is dispersed among several states?

Accepted Answer

Multipolarity

Answer

Unipolarity

Answer

Bipolarity

Answer

Hegemony

Question 64

Which core concept in international economics explains the benefits of trade based on specialization?

Accepted Answer

Comparative advantage

Answer

Protectionism

Answer

Mercantilism

Answer

Free trade