GMU IT 304 FINAL EXAM STUDY SET
WITH COMPLETE SOLUTIONS
Who is Gordon Brown? - ANSWER-Former Prime Minister of England
Former leader of Labor Party
Former Chancellor of the Exchequer
What does Gordon Brown mean by a "Global Ethic" - ANSWER-Recognizing our
responsibilities to others
The Great Divergence - ANSWER-Increase in inequalities between societies.
Incomes rose sharply in many countries after 1800 but declined in others.
What did the G8 Summit conclude? - ANSWER-The solutions to Africa's problems
are found by increasing aid
How many nations does Africa have? - ANSWER-53
Professional roles played by Yanis Varoufakis include: - ANSWER-Minister of
finance in Greece and Professor at the University of Texas at Austin
What does Yanis Varoufakis term as "the cosmos"? - ANSWER-Universal global
currency
What are the "twin peaks" Yanis Varoufakis refers to in his talk? - ANSWER-High
debt and high idle cash reserves.
The Cotonou Agreement - ANSWER-African countries can export goods, duty-free,
to the European Union market.
Andrew Mwenda is from___ - ANSWER-Uganda
According to Andrew Mwenda, what does Africa lack that prevents its development?
- ANSWER-Capacity
Governments such as that of Uganda find it more profitable to listen to ____ than its
citizens - ANSWER-International Monetary Fund (IMF) and World Bank
Malthusian Trap - ANSWER-Short term income gains were inevitably lost to
population growth.
The Malthusian Trap, an explanation for socio-economic growth, was proposed by: -
ANSWER-Reverend Thomas Robert Malthus
In which year was the Bretton Woods Conference held? - ANSWER-1944
, The following institutions were formed right after the Second World War - ANSWER-
United Nations, The world bank, WTO
The Industrial Revolution had a profound social effect because of two forces: -
ANSWER-1. The nature of technological advance
2. The demographic transition
Which 2 countries accounted for 50-60% of the World Economy in 1500 A.D.? -
ANSWER-India and China
Agrarian society - ANSWER-Society who's economy is based on producing and
maintaining crops (agriculture).
John Mynard Keynes proposed.... - ANSWER-A universal currency and countries
paying into something like the IMF
Industrial revolutions have a tendency to..... - ANSWER-Increase GDP per person
In the preinduistrial world, technologiucal advance produced _______, not wealth. -
ANSWER-people
Income per person _________ between 1310's and 1450's because of the plague. -
ANSWER-doubled
Despite the large income gap, people with lower incomes are _________ happy than
those with higher incomes. - ANSWER-only moderately less
Of all the voice-calling minutes used in the world in 2011, what percentage was
accounted for by cross-border phone calls? - ANSWER-2%
What percent of the world's population consists of first-generation immigrants? -
ANSWER-3%
Of all the investment that occurs in the world, what percentage is accounted for by
FDI (foreign direct investment)? - ANSWER-10%
By 2030, ____________ of world's population is expected to live in cities: -
ANSWER-2/3rd
Which of these is NOT one of the ten flatteners identified by Friedman: - ANSWER-
Inshoring
Who has characterized the world as "spiky"? - ANSWER-Richard Florida
In his talk, Khanna calls the confluence of connectivity and geography: - ANSWER-
Connectography
WITH COMPLETE SOLUTIONS
Who is Gordon Brown? - ANSWER-Former Prime Minister of England
Former leader of Labor Party
Former Chancellor of the Exchequer
What does Gordon Brown mean by a "Global Ethic" - ANSWER-Recognizing our
responsibilities to others
The Great Divergence - ANSWER-Increase in inequalities between societies.
Incomes rose sharply in many countries after 1800 but declined in others.
What did the G8 Summit conclude? - ANSWER-The solutions to Africa's problems
are found by increasing aid
How many nations does Africa have? - ANSWER-53
Professional roles played by Yanis Varoufakis include: - ANSWER-Minister of
finance in Greece and Professor at the University of Texas at Austin
What does Yanis Varoufakis term as "the cosmos"? - ANSWER-Universal global
currency
What are the "twin peaks" Yanis Varoufakis refers to in his talk? - ANSWER-High
debt and high idle cash reserves.
The Cotonou Agreement - ANSWER-African countries can export goods, duty-free,
to the European Union market.
Andrew Mwenda is from___ - ANSWER-Uganda
According to Andrew Mwenda, what does Africa lack that prevents its development?
- ANSWER-Capacity
Governments such as that of Uganda find it more profitable to listen to ____ than its
citizens - ANSWER-International Monetary Fund (IMF) and World Bank
Malthusian Trap - ANSWER-Short term income gains were inevitably lost to
population growth.
The Malthusian Trap, an explanation for socio-economic growth, was proposed by: -
ANSWER-Reverend Thomas Robert Malthus
In which year was the Bretton Woods Conference held? - ANSWER-1944
, The following institutions were formed right after the Second World War - ANSWER-
United Nations, The world bank, WTO
The Industrial Revolution had a profound social effect because of two forces: -
ANSWER-1. The nature of technological advance
2. The demographic transition
Which 2 countries accounted for 50-60% of the World Economy in 1500 A.D.? -
ANSWER-India and China
Agrarian society - ANSWER-Society who's economy is based on producing and
maintaining crops (agriculture).
John Mynard Keynes proposed.... - ANSWER-A universal currency and countries
paying into something like the IMF
Industrial revolutions have a tendency to..... - ANSWER-Increase GDP per person
In the preinduistrial world, technologiucal advance produced _______, not wealth. -
ANSWER-people
Income per person _________ between 1310's and 1450's because of the plague. -
ANSWER-doubled
Despite the large income gap, people with lower incomes are _________ happy than
those with higher incomes. - ANSWER-only moderately less
Of all the voice-calling minutes used in the world in 2011, what percentage was
accounted for by cross-border phone calls? - ANSWER-2%
What percent of the world's population consists of first-generation immigrants? -
ANSWER-3%
Of all the investment that occurs in the world, what percentage is accounted for by
FDI (foreign direct investment)? - ANSWER-10%
By 2030, ____________ of world's population is expected to live in cities: -
ANSWER-2/3rd
Which of these is NOT one of the ten flatteners identified by Friedman: - ANSWER-
Inshoring
Who has characterized the world as "spiky"? - ANSWER-Richard Florida
In his talk, Khanna calls the confluence of connectivity and geography: - ANSWER-
Connectography
