Political Science Questions

Which country that has used its large supply of oil to ensure the functioning of OPEC?A) KuwaitB) VenezuelaC) Saudi ArabiaD) Qatar

The leading arms-importing region of the global South is __________.A) AfricaB) South AsiaC) Latin AmericaD) the Middle East

A unilateral method of protecting domestic producers from __________ by imposing a limit on the maximum volume of allowable imports is known as a quota.A) tariffsB) foreign competitionC) subsidiesD) predatory loans

With respect to deficits, __________.?A) A state cannot have a budget deficit and a trade deficit at the same time.B) If a state has a trade deficit, it must have a budget deficit.C) A state can have either a budget deficit or a trade deficit, but not both.D) A state can have a trade deficit without having a budget deficit.

Which of the following topics is on the agenda of the Doha Round of WTO trade negotiations?A) ForestryB) Industrial productsC) ElectronicsD) Maritime treaties

When states specialize in producing the goods that they produce best and trading for goods that other states are better at producing, they are operating according to __________.A) the comparative advantageB) the absolute advantageC) transaction costsD) patterns of trade

Tax breaks, loans, and guaranteed high prices are examples of what type of protectionism?A) TariffsB) QuotasC) StandardsD) Subsidies

For decades, the country of Albania chose not to participate in world markets instead relying on a centrally planned economy. This approach to trade is an example of what strategy?A) Self-relianceB) Cultural revolutionC) CompetitionD) Embargo

10. Which of the following countries maintained a dominant-party system until 2000 ?

The fact that supply and demand do not always produce stability is demonstrated by the wild swings in the price of __________.A) automobilesB) steelC) foodD) oil

Proponents believed a positive balance of trade was essential to a state because it was a significant source of __________.A) diplomacyB) powerC) democracyD) capitalism

The U.S. trade deficit is approaching $1 trillion, with about a quarter accounted for by trade with China and another quarter by oil imports. This is an example of the principle of __________.A) surplus of consumer goodsB) trade deficitC) trade surplusD) restricted free trade

Mercantilist practices were seen as essential to state power because __________.A) the accumulation of precious metals could be converted into military assets when needed.B) these practices were known to broadly increase domestic living standards.C) liberal theories of trade were thought to be a wealth destroyer.D) prioritizing exports over imports allowed the exporting state to export culture in addition to products.

Applying quotas on imports is a policy that would be followed by a __________.A) bureaucracyB) conspiratorC) free-market capitalistD) protectionist state

How does liberalism compare with mercantilism?A) Liberalism is not concerned with whether one state gains more or less than another, just whether the state's wealth is increasing in absolute terms, whereas mercantilism emphasizes that each state must protect its own interests at the expense of others.B) Liberalism emphasizes conflicting interests in economic exchanges, whereas mercantilism emphasizes shared interests.C) Liberalism asserts that the most important goal is the creation of the most favorable possible distribution of wealth, whereas mercantilism asserts that the most important goal of economic policy is the maximum creation of total wealth.D) Liberalism advocates a role for politics in market processes, whereas mercantilism advocates for market processes to be relatively unhindered by political elements.

38. All of the following are accurate comparisons of Mexico and China in the latter half of the twentieth century EXCEPT:

Before the Mexican elections of 2000, the presidential nominee of the Institutional Revolutionary Party (PRI) had been chosen by which of the following processes?

both mexico and russia have recently experienced similar types of domestic institutional problems with

which of the following statements is an accurate comparison of the 2009 presidential election in iran and the 2006 presidential election in mexico

Protectionism hurts an economy in which of the following ways?A) Consumers usually pay higher prices for products.B) Domestic industries become more efficient.C) Domestic industries become more competitive.D) It leads to a declining balance of trade.