Global Political Economy bundled exams with correct answers 2024

Quotas correct answers the application of a quantitative restriction against goods or services from another region Currency Controls correct answers limit the availability of foreign currency for the purchase of foreign goods Voluntary Export Restraints correct answers Voluntary Export Rest...

Everyone who is part of a dominant ethnic group holds a powerful and advantaged status. correct answers False The April of 2015, CNN (and others) reported that the two top foreign holders of U.S. debt are _________________; this social fact demonstrates the interdependence of the global politica...

large N studies correct answers statistical investigations using a data base to find common feature/causes across large number of cases small N studies correct answers comparative hypothesis testing gold standard correct answers fix currency relative to gold, country will exchange currency ...

How to calculate index of openness? What it is? correct answers The index of openness is the ratio of trade to GDP: Index of Openness = (Exports +Imports)/GDP Remember: Openness does not reveal a country's trade policies or define its barriers to trade; it merely indicates how open that economy ...

England By Forraign Trade correct answers -we can increase our wealth by diminishing unnecessary importations, excessive consumption -in exporting goods we must consider not only our own superflueties but also the needs of our trading partner, so that we can profit by providing them what they nee...

What happened at the Berlin Conference: correct answers European countries divided up Africa without much regard for local peoples or existing ethnic divisions Colonies (select all that apply, there are one to four possible correct answers): correct answers Were generally drained of commoditie...

Index of Openness correct answers (Exports + Imports) / GDP How open a country is to trade FDI correct answers Foreign Direct Investment Investment in a country Something tangible such as a factory, buildings, etc. Does not include portfolio investments such as stocks, bonds, etc. Indica...

Openness Index Meaning correct answers Trade as a percentage of GDP Measures level of integration Does not reveal a country's trade policies or define its barriers to trade; it merely indicates how open that economy is to global trade China is more open than US Integration (Shallow vs....

Mercantilism dominated which centuries of the political economy? correct answers 17th and 18th centuries. Three main premises of mercantilism correct answers State power and wealth are connected, trade created wealth but only when a state sold more than it bought and some forms of economic acti...

What is GPE? correct answers - GPE looks at what drives and explains events in the world economy - it is an interplay of economics and politics in world affairs. - set of international and global problems that cannot usefully be understood or analyzed as just "international politics" or "just...

Under colonialism correct answers Colonies provided cheap labor and resources, and served as markets for the colonizers goods A core dominant country generally controlled the political and economic lives of foreign peoples For people and countries to develop and prosper, they need correct answ...

tariff correct answers indirect limit on imports imposes a TAX on imports quota correct answers direct limit on imports regulate NUMBER of imports purpose of tariffs and quotas correct answers encourages consumers to switch to cheaper domestic goods Value added tax correct answers Pri...

How does the theory of comparative advantage help us understand the politics of international trade? correct answers logically explains how and why trade is beneficial to both partners. The basic point is that by specializing and trading, states and individuals can increase overall consumption and ...

International Political Economy (IPE) correct answers Field of study dealing with the interseciton of international relations and economics Emergence of IPE correct answers - Emerged in the 1970s as an unorthodox approach to international studies - Grew out of IR's failure to grasp the causes...