DR. MARTIN'S INTERNATIONAL STUDIES TEST # 6 SPRING 2023

WHAT ARE THE THREE MAIN PERSPECTIVES OF IPE?

• MERCANTILISTS

• LIBERALS

• MARXIST

• COMMUNIST

NAME THE THREE SCHOLARS REPRESENTING THE THREE MAIN PERSPECTIVES OF IPE.

• FRIEDRICH THE MERCANTILIST

• HANNAH THE GREAT

• JOANNA THE LIBERAL

• KARL THE MARXIST

FREE MARKETS LEAD TO WHICH THREE CONCEPTS?

• PROSPERITY

• DEMOCRACY

• CHOICE

• LIBERTY

WHO SAID, "WE SIMPLY RECOGNIZE THAT ECONOMIC PROCESSES DO NOT TAKE PLACE IN A VACUUM, BUT IN AN INHERENTLY UNEQUAL AND POWER-RIDDEN WORLD.

• KARL MARX

• JAMES ADAMS

• FRIEDRICH LIST

• ADAM SMITH

PAT BUCHANNAN AND ROSS PEROT FOUGHT THE REPUBLICAN ESTABLISHMENT TOOTH AND NAIL OVER THE ISSUES OF THE FREE TRADE AND _________.

• IMF

• THE WORLD BANK

• NAFTA (NORTH AMERICAN FREE TRADE AGREEMENT)

• IPE

THE TWO MAIN AMERICAN MERCANTILISTS OF THE EARLY 2OO0'S WAS?

• PAT BUCHANNAN

• BARRACK OBOMA

• GEORGE BUSH

• HAROLD ROSS PEROT

THE UNITED STATES EMERGED NOT ONLY AS THE LEADING MILITARY POWER IN THE WORLD, BUT ALSO AS THE UNCHALLENGED ECONOMIC POWER IN _______.

• 1949

• 1945

• 1965

• 1929

FRIEDRICH LIST ARGUED THAT THE SO-CALLED ADVANTAGES OF INTERNATIONAL TRADE AND __________ __________, WHILE FINE IN THE ABSTRACT, NEGLECT THE COLD REALITIES OF UNEQUAL POWER AND WEALTH IN THE WORLD.

• FOREIGN POLICY

• COMPARATIVE ADVANTAGE

• ECONOMIC ADVANTAGE

• GOVERNMENTAL INVOLVEMENT

HAMILTON ARGUED THAT THE FEDERAL GOVERNMENT MUST GRANT SUBSIDIES TO DOMESTIC INDUSTRIES, PROMOTE INTERNAL IMPROVEMETS, AND IMPOSE ___________OR __________ON FOREIGN PRODUCTS.

• TARRIFFS OR WAGES

• SUBSIDIES OR TARRIFFS

• TARIFFS OR DUTIES

• POLICIES OR RULES

AMERICAN STATESMAN ALEXANDER HAMILTON (1775-1804) WAS A STEADFAST ADVOCATE OF A STRONG AND ACTIVE CENTREAL GOVERNMENT, ONE THAT HAD A DUTY TO PORMOTE AND PEOTECT THE NATION'S MANUFACTURING INDUSTRIES. TO PROMOTE AMERICAN INDUSTRY, HAMILTON WANTED TO ESTABLISH A HEALTHY _________ ________IN THE UNITED STATES BUT HE KNEW THIS WOULD REQIRE STRONG SUPPORT ON THE PART OF THE FEDERAL GOVERNMENT.

• MONETARY POLICY

• PENAL SYSTEM

• CREDIT SYSTEM

• WELFARE SYSTEM