1 for specific request mail
International Political Economy MIDTERM Questions
and Correct Answers | Latest Update
"...governments are necessary to establish peach and security, protect
property rights, enforce contracts, and manage the macroeconomy. ...
they are (also) needed to preserve the legitimacy of markets by
protecting people from the risks and insecurities markets bring with
them." Ans: rodrik
"Economic arrangements play a dual role in the promotion of a free
© 2026 Assignment
society. On the one hand, freedom in economic arrangements is itself a
component of freedom broadly understood, so economic freedom is an
end in itself. In the second place, economic freedom is also an
Guru01 - Stuvia
Expert
indispensable means toward the achievement of political freedom." Ans:
Friedman
According to Milton Friedman, political freedom is best preserved by
(check the best answers): Ans: Guaranteeing the right of all citizens to
vote,
Dispersion of economic resources,
The presence of financial institutions whose primary goal is profit
The following are examples of institutions, or social arrangements, that
support markets (see Rodrik) Ans: Long-term relationships based on
reciprocity and trust, Belief systems,
Third-party enforcement
The research of David Cameron found that countries who trade more
intensively tend to have Ans: Larger governments
In the mercantilist system Ans: The charter company undertakes both
commercial and public administration activities.
Transaction costs of trade are higher Ans: Between countries
, 2 for specific request mail
According to Rodrik, regulation by governments Ans: Can both facilitate
and inhibit trade
Which of the following are examples of markets? Ans: auction websites
such as eBay,
touts selling tickets outside concert halls,
sale of illegal arms
Look again at Figure 1.11 in CORE Econ. Which of these conclusions is
© 2026 Assignment
suggested by the graph? Ans: The contrasting performances of
Botswana and Nigeria illustrate that rich natural resources alone do not
guarantee higher economic growth, but that higher quality institutions
Guru01 - Stuvia
(government, markets and firms) may also be necessary.
Expert
Actor is the economic class, interest is to maximize the income share,
policy preference topics include protection of property rights and rights
of workers to unionize Ans: Marxist
Actor is the state, interest is accumulating wealth, policy preferences
include export promotion & import protection Ans: Mercantilist
Actor is the individual, interest is individual welfare maximization, policy
preference includes free trade Ans: Liberal
The dominant economic power in the first Age of Globalization was Ans:
Britian
The first Age of Globalization began during Ans: the 1800s
Which of the following were negotiated in Bretton Woods after World War
2? Ans: The International Monetary Fund,
The World Bank
The EU ... (check all that apply) Ans: functions as an integrated
economy, kind of like the United States,
International Political Economy MIDTERM Questions
and Correct Answers | Latest Update
"...governments are necessary to establish peach and security, protect
property rights, enforce contracts, and manage the macroeconomy. ...
they are (also) needed to preserve the legitimacy of markets by
protecting people from the risks and insecurities markets bring with
them." Ans: rodrik
"Economic arrangements play a dual role in the promotion of a free
© 2026 Assignment
society. On the one hand, freedom in economic arrangements is itself a
component of freedom broadly understood, so economic freedom is an
end in itself. In the second place, economic freedom is also an
Guru01 - Stuvia
Expert
indispensable means toward the achievement of political freedom." Ans:
Friedman
According to Milton Friedman, political freedom is best preserved by
(check the best answers): Ans: Guaranteeing the right of all citizens to
vote,
Dispersion of economic resources,
The presence of financial institutions whose primary goal is profit
The following are examples of institutions, or social arrangements, that
support markets (see Rodrik) Ans: Long-term relationships based on
reciprocity and trust, Belief systems,
Third-party enforcement
The research of David Cameron found that countries who trade more
intensively tend to have Ans: Larger governments
In the mercantilist system Ans: The charter company undertakes both
commercial and public administration activities.
Transaction costs of trade are higher Ans: Between countries
, 2 for specific request mail
According to Rodrik, regulation by governments Ans: Can both facilitate
and inhibit trade
Which of the following are examples of markets? Ans: auction websites
such as eBay,
touts selling tickets outside concert halls,
sale of illegal arms
Look again at Figure 1.11 in CORE Econ. Which of these conclusions is
© 2026 Assignment
suggested by the graph? Ans: The contrasting performances of
Botswana and Nigeria illustrate that rich natural resources alone do not
guarantee higher economic growth, but that higher quality institutions
Guru01 - Stuvia
(government, markets and firms) may also be necessary.
Expert
Actor is the economic class, interest is to maximize the income share,
policy preference topics include protection of property rights and rights
of workers to unionize Ans: Marxist
Actor is the state, interest is accumulating wealth, policy preferences
include export promotion & import protection Ans: Mercantilist
Actor is the individual, interest is individual welfare maximization, policy
preference includes free trade Ans: Liberal
The dominant economic power in the first Age of Globalization was Ans:
Britian
The first Age of Globalization began during Ans: the 1800s
Which of the following were negotiated in Bretton Woods after World War
2? Ans: The International Monetary Fund,
The World Bank
The EU ... (check all that apply) Ans: functions as an integrated
economy, kind of like the United States,
