Political Science Questions

Retaliation for cases of dumping usually comes in the form of __________.A) dumping in the offending state's marketB) quotas on the products being dumpedC) tariffs to raise the price back to market levelsD) subsidies for those companies being harmed

Which of the following is true about the capitalist world economy immediately after World War II?A) The United States provided major assistance to rebuild Western Europe and Japan.B) World trade declined as countries focused on rebuilding their domestic economies.C) The Soviet Union and Eastern Europe began their transition to capitalism.D) The capitalist world economy was restructured under joint U.S.-British-French leadership.

The Industrial Revolution began in __________ in the __________ century.A) Germany, 20thB) Britain, 18thC) the United States, 19thD) France, 18th

The Soviet Union set prices and quotas for production and consumption of commodities, following communist principles. This approach to economics is an example of a __________.A) centrally planned economyB) locally planned economyC) stagnant economyD) leading economy

Enforcement of trade agreements __________.A) takes place under universal agreement on what is fair tradeB) depends on reciprocityC) usually involves the United Nations Economic and Social CouncilD) involves incrementally increasing the retaliation above and beyond the initial infraction

The current round of multinational trade negotiations, which began in 2001 and is struggling to reach a conclusion, is the __________ Round.A) BrugesB) UruguayC) TokyoD) Doha

A state will have a positive balance of trade, or trade surplus, when it __________.A) imports a surplus of consumer goodsB) exports more than it importsC) imports more than it exportsD) exports progressively more over a fiscal period

A __________ would agree that a "Government's most useful role is to interfere in economics only to regulate markets in order to help them function efficiently. That is, politics should serve the interests of economic efficiency."A) liberalB) mercantilistC) MarxistD) Socialist

Which groups oppose free trade because of its negative impacts?A) agriculture and manufacturing groupsB) labor and environmental groupsC) financial services and human rights groupsD) environmental and financial services groups

A __________ would agree that "The creation of wealth underlies state power. Economics should serve politics."A) liberalB) mercantilistC) MarxistD) neorealist

Trade in services includes __________.A) banking and insuranceB) telecommunications and armsC) tourism and textilesD) computer technology and aerospace

The intergovernmental organization that attempts to regularize patent and copyright law across borders is the __________.A) International Patent and Copyright Organization (IPCO)B) World Intellectual Property Organization (WIPO)C) Global Organization for Copyrights and Patents (GOCP)D) Copyrights and Patents Association (CP)

The largest, and most comprehensive, regional free trade area is in __________.A) North AmericaB) South AmericaC) EuropeD) Asia

The most prominent cartel in the international economy is the __________.A) International Energy Agency (IE)B) Organization of Petroleum Exporting Countries (OPEC)C) International Bauxite Association (IB)D) Association of Iron Ore Exporting Countries (AIOEC)

Why may the existence of world markets reduce the leverage that one state can exert over another in economic affairs?A) Because the supply and demand curves cross at the equilibrium price.B) Because the second state can find other partners.C) Because bilateral relations between states are more important in economic affairs than they are in security affairs.D) Because the distribution of benefits from trade may not be divided equally among participating states.

The most profitable goods involved in illicit trade are __________.A) gaming software and sound recordingsB) pharmaceuticals and weaponsC) weapons and drugsD) drugs and DVD films

The mercantilist approach to trade is similar to what theoretical framework?A) LiberalismB) RealismC) StructuralismD) Feminism

The World Trade Organization replaced the __________ in 1995.A) UN Conference on Trade and Development (UNCTAD)B) International Trade Organization (ITO)C) Global Trade Organization (GTO)D) General Agreement on Tariffs and Trade (GATT)

Cartels form to __________ the price of a certain product, usually are formed by producers, most often __________ production by each member so as to lower supply, and can suffer from serious collective-goods problems.A) manipulate, inflateB) reduce, inflateC) manipulate, limitD) inflate, reduce

Major actors in trade negotiations regarding agriculture are __________.A) the United States and JapanB) Canada and Great BritainC) Australia and ArgentinaD) Chile and Brazil