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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. ... View Full Document

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