practice test 3

practice test 3 - Chapter 8 1. Which version of...

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Chapter 8 1. Which version of globalization was marked by the Pax Americana and Pax Britannica? a. Globalization 1.0 b. Globalization 2.0 c. Globalization 3.0 2. The success of the Bretton Woods system shifted power relatively to which of the following? a. The United States b. Europe and Japan c. Developing countries 3. Which country challenged American power in the 1960s by withdrawing from NATO and engaging in détente with the Soviet Union? a. Britain b. Japan c. Germany d. France 4. What did the Red Line Agreement involve? a. Western companies dividing oil concessions in the Middle East b. The United States’ departure from the gold standard c. Developing countries exercising their power d. The elimination of tariffs among European countries 5. What are the seven sisters? a. Middle Eastern countries b. Oil companies c. International institutions d. Developing countries 6. The proposals of the New International Economic Order were put forth by which of the following? a. OPEC b. the IMF c. The Group of 77 d. The European Union 7. Which country was not in the Group of 7? a. Italy b. Canada c. Japan d. Russia 8. What is stagflation? a. High growth accompanied by high inflation b. High growth accompanied by low inflation c. Slow growth accompanied by high inflation d. Slow growth accompanied by low inflation 9. What idea suggests that once momentum starts down a certain path of interactions, there is no going back to the starting point? a. Spillover b. Sustainable development c. Information revolution d. Stagflation
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10. What was accomplished during the Uruguay Round in 1994? a. Liberalization of agriculture and services b. Lowering barriers to manufactured trade c. Transforming the GATT into the WTO d. All of the above 11. When was the Euro was first launched? a. 1985 b. 1991 c. 1999 d. 2003 12. The Asian financial crisis began in 1997 in which of the following countries? a. Japan b. China c. Malaysia d. Thailand 13. Which American president led the tax cut and deregulation movement? a. Jimmy Carter b. Ronald Reagan c. George H.W. Bush d. Bill Clinton 14. The Multi-Fiber Agreement did which of the following? a. Set a direct quota b. Liberalized trade of textiles and apparel c. Placed tariffs on the trade of agricultural products 15. What are the developing countries, largely in Asia, that emerged as powerful economic players in the latter half of the twentieth century sometimes called? a. Tigers b. NICs c. NECs d. All of the above 16. The practice of protecting home industries and then subsidizing these industries until they achieve efficient economies of scale is known as which of the following? a. Sustainable development b. Strategic trade c. Voluntary restraint agreements d. Spillover 17. The “small is beautiful” movement is associated with which of the following? a. Sustainable development
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This note was uploaded on 04/07/2008 for the course POLS 255 taught by Professor Nabulsi during the Spring '08 term at CSU Northridge.

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practice test 3 - Chapter 8 1. Which version of...

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