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International Political Economy Quiz

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1. Which factor is most commonly associated with the rise of multinational corporations in the global economy?

2. The theory that suggests countries should specialize in production of goods and services they can produce most efficiently is called:

3. In the context of global finance, what does the acronym 'IMF' stand for?

4. What term describes the practice of placing restrictions on imports to protect domestic industries?

5. Who is credited with the concept of 'The Invisible Hand' in economics, which argues that individuals seeking their own benefit inadvertently help to create the best outcome for all?

6. What is the main focus of Developmental Economics within the field of International Political Economy?

7. What concept refers to the integration and interaction among people, companies, and governments of different nations?

8. Which of the following is NOT a primary function of the World Trade Organization (WTO)?

9. Which term refers to the economic policy of restraining trade between nations through various instruments such as tariffs, quotas, and other barriers?

10. 'The Tragedy of the Commons' is a concept in environmental economics describing: