IT 304 FINAL EXAM|| 100
QUESTIONS AND ANSWERS
(SCORED A)
Gordon Brown is the - ANSWER-All of the above
Professional roles played by Yanis Varofakis include: - ANSWER-Both (a) and (b)
What are the "twin peaks" Yanis Varoufakis refers to in his talk - ANSWER-High debt
and high idle cash reserves
What does Yanis Varoufakis term as "the cosmos" - ANSWER-universal global
digital currency
What does Gordon Brown mean by a global ethic - ANSWER-recognizing our
responsibility to others
What does IMF stand for - ANSWER-International Monetary Fund
IN which year was the Bretton Woods Conference held - ANSWER-1944
Prominent economist at the Bretton Woods Conference - ANSWER-John Maynard
Keynes
What phenomenon does the Malthusian Trap refer to - ANSWER-short term income
gains were inevitably lost to population growth
Which of the following statements is/are true according to Clark? - ANSWER-Both
(a) and (b)
Great Divergence refers to - ANSWER-increase in inequalities between societies
The Malthusian Trap, an explanation for socio-economic growth, was proposed by -
ANSWER-Reverend Thomas Robert Malthus
The Industrial Revolution had a profound social effect because of two forces -
ANSWER-Technological advance and demographic transition
According to Clark, an increase in wealth across the world has not brought higher -
ANSWER-happiness
The following countries accounted for 50-60% of world economy from 1-1500 AD -
ANSWER-India and China
In Western Europe between 1310s and 1450s, had highest impact on average
income (Increased it) - ANSWER-The Black Death
, The following institutions were formed right after the Second World War - ANSWER-
United Nations, IMF, World Bank
How many nations does Africa have? - ANSWER-53
According to Andrew Mwenda, what does Africa lack that prevents its development -
ANSWER-internal capacity
African countries can export goods, duty-free, to the European market - ANSWER-
Cotonou Agreement
Of all the voice-calling minutes used in the world in 2011, what percentage was
accounted for by cross-border phone calls? - ANSWER-2 percent
What percent of the world's population consists of first-generation immigrants? -
ANSWER-3 percent
Of all the investment that occurs in the world, what percentage is accounted for by
FDI (foreign direct investment)? - ANSWER-10 percent
By 2030, ______ of the world's population is expected to live in cities? - ANSWER-
2/3
Which of these is NOT one of the ten flatteners identified by Friedman? - ANSWER-
Fall of the Berlin wall, Netscape IPO, Work flow software, open-sourcing,
outsourcing, offshoring, supply-chaining, insourcing, informing, wireless
Who has characterized the world as "spiky"? - ANSWER-Florida
In his talk, Khanna calls the confluence of connectivity and geography - ANSWER-
connectography
Both these scholars are concerned about urbanization's role in globalization -
ANSWER-Florida and Khanna
Approximately what percentage of the US federal budget goes to foreign aid? -
ANSWER-1 percent
In 2015, which country announced the creation of the Asian Infrastructure
Investment Bank? - ANSWER-China
In 1995, the following company that introduced the first web browser, went public -
ANSWER-Netscape
What does Friedman NOT mean by "The World is Flat" - ANSWER-
According to Friedman, what is the Dell Theory of Conflict Prevention? - ANSWER-
no two countries that are both part of the same global supply chain will ever fight a
war as long as they are each part of that supply chain
QUESTIONS AND ANSWERS
(SCORED A)
Gordon Brown is the - ANSWER-All of the above
Professional roles played by Yanis Varofakis include: - ANSWER-Both (a) and (b)
What are the "twin peaks" Yanis Varoufakis refers to in his talk - ANSWER-High debt
and high idle cash reserves
What does Yanis Varoufakis term as "the cosmos" - ANSWER-universal global
digital currency
What does Gordon Brown mean by a global ethic - ANSWER-recognizing our
responsibility to others
What does IMF stand for - ANSWER-International Monetary Fund
IN which year was the Bretton Woods Conference held - ANSWER-1944
Prominent economist at the Bretton Woods Conference - ANSWER-John Maynard
Keynes
What phenomenon does the Malthusian Trap refer to - ANSWER-short term income
gains were inevitably lost to population growth
Which of the following statements is/are true according to Clark? - ANSWER-Both
(a) and (b)
Great Divergence refers to - ANSWER-increase in inequalities between societies
The Malthusian Trap, an explanation for socio-economic growth, was proposed by -
ANSWER-Reverend Thomas Robert Malthus
The Industrial Revolution had a profound social effect because of two forces -
ANSWER-Technological advance and demographic transition
According to Clark, an increase in wealth across the world has not brought higher -
ANSWER-happiness
The following countries accounted for 50-60% of world economy from 1-1500 AD -
ANSWER-India and China
In Western Europe between 1310s and 1450s, had highest impact on average
income (Increased it) - ANSWER-The Black Death
, The following institutions were formed right after the Second World War - ANSWER-
United Nations, IMF, World Bank
How many nations does Africa have? - ANSWER-53
According to Andrew Mwenda, what does Africa lack that prevents its development -
ANSWER-internal capacity
African countries can export goods, duty-free, to the European market - ANSWER-
Cotonou Agreement
Of all the voice-calling minutes used in the world in 2011, what percentage was
accounted for by cross-border phone calls? - ANSWER-2 percent
What percent of the world's population consists of first-generation immigrants? -
ANSWER-3 percent
Of all the investment that occurs in the world, what percentage is accounted for by
FDI (foreign direct investment)? - ANSWER-10 percent
By 2030, ______ of the world's population is expected to live in cities? - ANSWER-
2/3
Which of these is NOT one of the ten flatteners identified by Friedman? - ANSWER-
Fall of the Berlin wall, Netscape IPO, Work flow software, open-sourcing,
outsourcing, offshoring, supply-chaining, insourcing, informing, wireless
Who has characterized the world as "spiky"? - ANSWER-Florida
In his talk, Khanna calls the confluence of connectivity and geography - ANSWER-
connectography
Both these scholars are concerned about urbanization's role in globalization -
ANSWER-Florida and Khanna
Approximately what percentage of the US federal budget goes to foreign aid? -
ANSWER-1 percent
In 2015, which country announced the creation of the Asian Infrastructure
Investment Bank? - ANSWER-China
In 1995, the following company that introduced the first web browser, went public -
ANSWER-Netscape
What does Friedman NOT mean by "The World is Flat" - ANSWER-
According to Friedman, what is the Dell Theory of Conflict Prevention? - ANSWER-
no two countries that are both part of the same global supply chain will ever fight a
war as long as they are each part of that supply chain
