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ch3 Student: ___________________________________________________________________________ 1. As discussed in the chapter, institutions are organizations constructed to create jobs for government employment initiatives. True False 2. New institutional theory suggests that institutions be understood as collections of rules and codes of conduct that limit behavior. True False 3. One of the significant differences between formal and informal institutions is how they gain compliance. True False 4. Informal cognitive institutions are not important to international managers because such managers localize their hiring, and so they can draw on local talent. True False 5. International institutions provide nations the opportunity to build multilateral solutions, and thus make significant contributions to international stability. True False 6. The United Nations operates with voluntary agreements, so it is essentially an informal institution. True False 7. The UN Environment Programme laid the groundwork for the Climate Change Convention, which led to the Kyoto Protocol. True False 8. Permanent members of the UN Security Council vote on Security Council measures, and only the secretary-general of the UN, Ban Ki-Moon, has veto power. True False 9. The UN International Court of Justice hears cases that involve disputes between national governments. True False 10. By and large, the UN record of facilitating business transactions has been minor. True False 11. The Bretton Woods Conference established the European Union currency, the euro. True False 12. The World Bank funds infrastructure projects in developed countries. True False 13. Some think that renewed focus on exchange rates would be a good path forward for the IMF, which is struggling with core issues related to its purpose. True False 14. The World Bank is made up of one large institution, IBRD. True False 15. The International Finance Corporation (IFC) acts as an investment banker, arranging private risk ventures in developing countries. True False 16. The WTO supports trade with discrimination as a basic right of trading nations. True False 17. The Doha Development Agenda is an extended development plan for Doha, Qatar. True False 18. Although India is a member of the WTO and has benefited greatly from increased trade as a result of WTO agreements, China is not yet a member. True False 19. The WTO has negotiated a TRIPS agreement whereby property rights do not take precedence over public health. True False 20. Recently, regional trade agreements have grown, a trend that may be seen to strengthen the WTO, according to the text. True False 21. Economic cooperation often begins with a common market, as in the case of the EU. ... View Full Document

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