mcch17 - Chapter Seventeen: Global Society 1. What is the...

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Chapter Seventeen: Global Society 1. What is the main criticism that anti-globalization protesters make about the formation of international organizations such as the World Trade Organization? a. these organizations lack sufficient power to enforce in their decisions b. *these organizations lack sufficient citizen involvement in the negotiations that establish them c. these organizations only include the rich and powerful countries as members d. none of the above 2. Accorded the World Trade Organization, which of the following obstructs international trade? a. tariffs b. quotas c. subsidies d. *none of the above 3. Jose Bove and his supporters vandalized a McDonald’s restaurant because: a. of the mad cow disease scare b. it created only unskilled, low-wage jobs c. *it symbolized the intrusion of American culture d. none of the above 4. Critics of the World Trade Organization such as Jose Bove argue that: a. *it limits national political autonomy b. it floods the world market with low quality, cheap products c. it encourages investment in trade at the expense of manufacturing e. none of the above 5. Between 1974 and 2000 the Canadian dollar depreciated by 35 per cent in large part because of: a. declining productivity b. government spending cutbacks c. *government budget deficits d. none of the above 6. The International Monetary Fund was originally established to deal with the problem of: a. the transgenic food trade b. *competitive currency devaluations c. the adverse consequences of World Trade Organization policies d. all of the above e. none of the above 7. International Monetary Fund conditions usually require client governments to: a. reduce government budgets b. increase spending on social programs c. privatize state enterprises and other public assets d. all of the above 8. How was the original purpose of the International Monetary Fund intended to be achieved? a. the imposition of sound economic policies on client governments b. encouraging private sector banks to lend to poor countries to develop infrastructure like roads and schools c. *providing short-term loans to offset the impact of temporary economic crises
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e. none of the above 9. In the fundamental sense, globalization entails a process of: a. interdependency b. *intrusion c. differentiation d. none of the above 10. The Bretton Woods agreement was only one of several arrangements after World War II for managing international trade. Why did it become dominant? a. the relative economic power of developing countries combined b. the relative economic power of Western Europe c. *the relative economic power of United States d. none of the above 11. Since the mid 1950s the mandate of the World Bank Group is: a. *to provide credit to poorer countries b. to ensure that developing countries pay off their debts c. to oversee international regulation of the private banking sector e. none of the above 12. To attract foreign investment, developing countries are pressured to:
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This note was uploaded on 12/16/2010 for the course SOC 101 taught by Professor Barrym during the Fall '09 term at Waterloo.

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mcch17 - Chapter Seventeen: Global Society 1. What is the...

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