Excercises of IPE

Excercises of IPE

University

120 Qs

quiz-placeholder

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Excercises of IPE

Excercises of IPE

Assessment

Quiz

Social Studies

University

Easy

Created by

Nguyễn My

Used 1+ times

FREE Resource

120 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which country played a fundamental role in the establishment of the liberal trading system after WWII?

The Soviet Union

China

The United States

Germany

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economists define an "efficient" choice as one that

costs the least, regardless of benefits.

gives you the most benefit with the least cost.

uses all your available resources with none left over.

gives you the most benefit, regardless of cost.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

International political economy can be defined as

the international organizations such as the International Monetary Fund and the World Bank that direct international investments

the comparative advantage industrialized nations have over agriculturally- based nations

the mutual relationship between the international politics and national economy

the domestic fiscal and monetary policies developed by sovereign states

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What, according to Classical economic theory, was the purpose of Mercantilism in the 18th century?

A means by which to strengthen the sovereign state, and inherently linked to international conflict.

A means by which to promote societal security for the populations of states.

A route to increasing imports and transnational trade.

Not a significant economic theory until after the 18th century.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Mercantilism

sees one state's gain as the other state's loss

aims to maximize sources of wealth within one's borders

is the economic doctrine of the strong

a and b are both correct

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements would a mercantilist NOT agree with?

Imports are desirable

Trade is a zero-sum activity.

The purpose of trade is to amass revenues from exports.

Policies should promote exports and discourage imports.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Alexander Hamilton, the United States' first secretary of treasury, advocated protectionist policies to achieve what objective?

protect American farmers

protect American jobs

prevent unfair competition with China

protect the new nation's manufacturers

prevent offshoring to Mexicore

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