CBE 2

The challenge for Washington is to run -------- and not run -----------

• consistent, fast

• fast, scared

• scared, slow

• slow, confident

The US economy is now --------- as large as the eurozone.

• twice

• thrice

• quadruple

• ten times

According to historian Angus Maddison the world's greatest power is often the one that has the strongest lead in important ------------- of the time

• trade

• technology

• treasures

• talent

In 1989, of the ten most valuable companies of the world, --------- were American and ----------- were Japanese. Today top ------------ of top ten most valuable companies are American

• four, six, nine

• Three, Seven, Eight

• Two, Eight, Seven

• One, Nine, Nine

The ------------ remains the currency used in almost 90 percent of international transactions.

• dollar

• euro

• renminbi yuan

• Japanese yen

_____________ Accord an important milestone seemed destined to culminate in the normalization of relations between Israel and Saudi Arabia

• David

• Abraham

• Israel-Saudi Arabia

• Saudi Arabia - Israel

China's economy accounts for --- percent of global GDP.

• 10

• 20

• 15

• 25

Tariffs raise the cost of ----------- goods; 'buy American' prevents foreign goods from being bought at ------- price.

• imported, any

• exported, fair

• deported, high

• exported, high

WTO Director General said, 'Rich countries now no longer want to compete on a level playing field and would prefer instead to shift to a power-based rather than --------- system'.

• rule-based

• equity-based

• justice-based

• governance-based

At the heart of the international system is open trading framework put in place by -------------------1944 and ---------------------- 1947.

• Bretton Woods Agreement , GATT

• World Bank, IMF

• Bretton Woods Twins, WTO

• WTO