Master International Political Economy: Online Quizzes and Study Guide

Question 1

The 'Bretton Woods system' established after World War II was characterized by:

Accepted Answer

Fixed exchange rates and capital controls

Answer

Free trade and flexible exchange rates

Answer

Capital controls and flexible exchange rates

Answer

Fixed exchange rates and free trade

Question 2

The concept of 'global value chains' emphasizes:

Accepted Answer

The interconnectedness of production processes across different countries

Answer

The movement of goods and services between countries

Answer

The role of multinational corporations in international trade

Answer

The impact of trade on developing countries

Question 3

Which of the following is NOT a major player in the global financial system?

Accepted Answer

United Nations

Answer

International Monetary Fund

Answer

World Bank

Answer

Bank for International Settlements

Question 4

The concept of 'soft power' refers primarily to:

Accepted Answer

Cultural and ideological influence

Answer

Economic influence

Answer

Military strength

Answer

Diplomatic negotiation

Question 5

The 'securitization' of economic issues means:

Accepted Answer

Treating economic matters as threats to national security

Answer

Promoting economic cooperation for security purposes

Answer

Using economic power to achieve political goals

Answer

Integrating economic and military policies

Question 6

According to liberal institutionalism, what is the primary mechanism for promoting cooperation in the international system?

Accepted Answer

Economic interdependence and the creation of international institutions

Answer

Military alliances

Answer

Supranational organisations

Answer

Balance of power

Question 7

What is the main goal of mercantilism in international relations?

Accepted Answer

To maximise the state's national wealth and power

Answer

To promote free trade and economic liberalism

Answer

To reduce global inequality

Answer

To protect human rights and promote democracy

Question 8

Which of the following is a key concept in the theory of hegemonic stability?

Accepted Answer

Systemic leadership by a single dominant power

Answer

Balance of power

Answer

Collective security and multilateral cooperation

Answer

Democratic peace

Question 9

What is a primary difference between unipolar and bipolar international systems?

Accepted Answer

Number of major powers

Answer

Stability of the system

Answer

Degree of conflict

Answer

Economic interdependence

Question 10

The concept of 'embedded liberalism' refers to:

Accepted Answer

The idea that economic liberalization should be embedded in a strong social welfare system

Answer

The belief that the government should not play a role in the economy

Answer

The belief that free markets should be deregulated

Answer

The idea that the state should actively intervene in the economy

Question 11

Which of the following is NOT a factor that has contributed to the rise of global inequality?

Accepted Answer

Economic aid from developed countries to developing countries

Answer

Trade liberalization

Answer

Technological change

Answer

Environmental degradation

Question 12

The concept of 'sustainable development' refers to:

Accepted Answer

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs

Answer

Development that focuses on economic growth alone

Answer

Development that prioritizes environmental protection over economic development

Answer

Development that is based on the exploitation of natural resources

Question 13

The concept of 'interdependence' refers to:

Accepted Answer

The increasing interconnectedness of countries and economies

Answer

The increasing isolation of countries and economies

Answer

The increasing dominance of a single country in the global economy

Answer

The increasing polarization of the global economy between rich and poor countries

Question 14

Which theoretical perspective in IPE emphasizes the primacy of state interests and power in shaping the global economic system?

Accepted Answer

Realism

Answer

Liberalism

Answer

Marxism

Answer

Constructivism

Question 15

How has globalization impacted the power dynamics of nation-states in IPE?

Accepted Answer

It has both strengthened and weakened the power of nation-states, depending on the context.

Answer

It has strengthened the power of nation-states by reducing their economic vulnerabilities.

Answer

It has weakened the power of nation-states by empowering non-state actors.

Answer

It has had no significant impact on the power dynamics of nation-states.

Question 16

Which of the following is NOT considered a non-tariff barrier to trade?

Accepted Answer

Import duties

Answer

Quotas

Answer

Standards and regulations

Answer

Embargoes

Question 17

According to the theory of hegemonic stability, what is the primary role of a hegemon in the international system?

Accepted Answer

Providing public goods and maintaining order

Answer

Promoting free trade and economic growth

Answer

Preventing the outbreak of war

Answer

Ensuring the dominance of liberal values

Question 18

What is the primary function of the World Trade Organization (WTO)?

Accepted Answer

Promoting free trade and reducing trade barriers

Answer

Regulating the global economy and preventing financial crises

Answer

Providing aid to developing countries

Answer

Resolving trade disputes between countries

Question 19

Which of the following is NOT a key concept in International Political Economy (IPE)?

Accepted Answer

Identity

Answer

Power

Answer

Interdependence

Answer

Security

Question 20

What is the primary goal of neoliberal economic policies in IPE?

Accepted Answer

Reduced government intervention

Answer

Increased social welfare spending

Answer

Protection of domestic industries

Answer

Expansion of public ownership

Question 21

How does the concept of relative bargaining power influence the outcomes of negotiations in IPE?

Accepted Answer

It determines which actors have greater leverage.

Answer

It leads to a more equitable distribution of benefits.

Answer

It eliminates the need for negotiation.

Answer

It ensures that all parties have equal say.

Question 22

What is the main focus of Marxist approaches to IPE?

Accepted Answer

Class struggle and exploitation

Answer

The role of the state in economic development

Answer

The impact of globalization on inequality

Answer

The importance of international cooperation

Question 23

According to dependency theory, which factor plays a significant role in perpetuating economic inequality between nations?

Accepted Answer

Neocolonialism

Answer

Foreign aid

Answer

Free trade

Answer

Globalization

Question 24

Which international organization is responsible for overseeing the regulation of global trade?

Accepted Answer

World Trade Organization

Answer

World Bank

Answer

United Nations

Answer

International Monetary Fund

Question 25

The concept of 'embedded liberalism' suggests that pursuing free trade should be:

Accepted Answer

Accompanied by comprehensive social welfare policies

Answer

Prioritized above all other economic objectives

Answer

Unimpeded by government intervention

Answer

Conditional upon reducing economic inequality

Question 26

According to realist theory, what is the primary objective of states within the international system?

Accepted Answer

National security

Answer

Economic growth

Answer

Promoting global cooperation

Answer

Preserving the environment

Question 27

Which of the following is considered to be a primary concept in International Political Economy (IPE)?

Accepted Answer

Interdependence

Answer

Isolationism

Answer

Nationalism

Answer

Sovereignty

Question 28

According to dependency theory, the main beneficiaries of economic globalization are:

Accepted Answer

Developed nations

Answer

Newly industrialized nations

Answer

All nations benefit equally

Answer

Developing nations

Question 29

Which of the following is a primary objective of the World Trade Organization (WTO)?

Accepted Answer

Promote international trade liberalization

Answer

Control the activities of multinational corporations

Answer

Regulate global financial markets

Answer

Reduce global poverty

Question 30

Which factor is widely recognized as a primary catalyst for the 2008 global financial crisis?

Accepted Answer

Subprime mortgage lending

Answer

Devastating natural disasters

Answer

Rapidly rising oil prices

Question 31

In the context of international relations, which of the following is a defining characteristic of a unipolar system?

Accepted Answer

Predominance of a single superpower

Answer

Significant influence of regional alliances

Answer

Equitable distribution of power among multiple states

Answer

Minimal economic interdependence

Question 32

Which of the following is a potential advantage of regional economic integration?

Accepted Answer

Increased trade and investment within the region

Answer

Heightened income inequality

Answer

Environmental degradation

Answer

Reduced political stability

Question 33

Which pressing issue poses a substantial challenge to the global economy in the 21st century?

Accepted Answer

Climate change

Answer

Chronic unemployment

Answer

International terrorism

Answer

Persistent inflation

Question 34

Which concept is central to the theory of comparative advantage in international trade?

Accepted Answer

Specialization

Answer

Protectionism

Answer

Autarky

Answer

Mercantilism

Question 35

Which of the following is NOT a characteristic of the neoliberal approach to IPE?

Accepted Answer

State intervention in the economy

Answer

Free trade

Answer

Privatization

Answer

Intergovernmental organizations

Question 36

Which concept in IPE refers to the idea that economic power can be used to influence political outcomes?

Accepted Answer

Economic statecraft

Answer

Balance of power

Answer

Comparative advantage

Answer

Systemic interdependence

Question 37

Which international organization plays a central role in promoting multilateral trade cooperation?

Accepted Answer

World Trade Organization (WTO)

Answer

World Bank

Answer

United Nations

Answer

International Monetary Fund (IMF)

Question 38

According to the realist perspective in IPE, the primary goal of states in the international system is to:

Accepted Answer

Maximize their power

Answer

Protect human rights

Answer

Promote economic prosperity

Answer

Ensure global stability

Question 39

According to the concept of path dependency, which of the following is true?

Accepted Answer

Past decisions and events can shape future choices

Answer

All decisions are made independently

Answer

Historical context is irrelevant

Answer

Economic development follows a predictable pattern