PLSC 102 Final Exam Questions With
Correct Answers
IPE (International Political Economy) - CORRECT ANSWER✔✔-The study
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of how politics and economics interact globally—especially trade,
| | | | | | | |
finance, and how states shape economic outcomes.
| | | | | |
Mercantilism - CORRECT ANSWER✔✔-(realism) An economic approach
| | | | | | |
where states try to build wealth and power protecting domestic
| | | | | | | | | |
industries and maximizing exports | | |
Bretton Woods - CORRECT ANSWER✔✔-Representatives from 44
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countries met in New Hampshire to design a new international
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monetary system; resulted in the establishment of the IMF and the
| | | | | | | | | | |
World Bank. |
Main goals:
|
1) Establish standards
| |
2) Institutions for exchanging goods
| | | |
*Establish monetary standard for a rate of exchange globally
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, Liberalism - CORRECT ANSWER✔✔-A view that open markets, free
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trade and limited government interference create prosperity for all
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states
World Bank - CORRECT ANSWER✔✔-Lends money and takes interest
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Incentives for Econ. Cooperation - CORRECT ANSWER✔✔-1)
| | | | | | |
Comparative advantage (Ex. Movies, Planes, Cars)
| | | | |
2) Mutual gain (both benefit......a growing global economy everyone is
| | | | | | | | | |
better off) |
3) Transparency
|
4) Exit Costs
| |
5) Spill over (countries that trade will cooperate politically as well)
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IMF - CORRECT ANSWER✔✔-Regulates monetary system
| | | | |
Barriers to Econ. Cooperation - CORRECT ANSWER✔✔-1) Autonomy
| | | | | | |
2) Dependency
|
Correct Answers
IPE (International Political Economy) - CORRECT ANSWER✔✔-The study
| | | | | | | |
of how politics and economics interact globally—especially trade,
| | | | | | | |
finance, and how states shape economic outcomes.
| | | | | |
Mercantilism - CORRECT ANSWER✔✔-(realism) An economic approach
| | | | | | |
where states try to build wealth and power protecting domestic
| | | | | | | | | |
industries and maximizing exports | | |
Bretton Woods - CORRECT ANSWER✔✔-Representatives from 44
| | | | | | |
countries met in New Hampshire to design a new international
| | | | | | | | | |
monetary system; resulted in the establishment of the IMF and the
| | | | | | | | | | |
World Bank. |
Main goals:
|
1) Establish standards
| |
2) Institutions for exchanging goods
| | | |
*Establish monetary standard for a rate of exchange globally
| | | | | | | |
, Liberalism - CORRECT ANSWER✔✔-A view that open markets, free
| | | | | | | | |
trade and limited government interference create prosperity for all
| | | | | | | | |
states
World Bank - CORRECT ANSWER✔✔-Lends money and takes interest
| | | | | | | |
Incentives for Econ. Cooperation - CORRECT ANSWER✔✔-1)
| | | | | | |
Comparative advantage (Ex. Movies, Planes, Cars)
| | | | |
2) Mutual gain (both benefit......a growing global economy everyone is
| | | | | | | | | |
better off) |
3) Transparency
|
4) Exit Costs
| |
5) Spill over (countries that trade will cooperate politically as well)
| | | | | | | | | |
IMF - CORRECT ANSWER✔✔-Regulates monetary system
| | | | |
Barriers to Econ. Cooperation - CORRECT ANSWER✔✔-1) Autonomy
| | | | | | |
2) Dependency
|
