GMU IT 304 Final Exam Study Set Questions and Answers Solved Correctly
Who is Gordon Brown? - Answers Former Prime Minister of England
Former leader of Labor Party
Former Chancellor of the Exchequer
What does Gordon Brown mean by a "Global Ethic" - Answers Recognizing our responsibilities to others
The Great Divergence - Answers Increase in inequalities between societies. Incomes rose sharply in
many countries after 1800 but declined in others.
What did the G8 Summit conclude? - Answers The solutions to Africa's problems are found by increasing
aid
How many nations does Africa have? - Answers 53
Professional roles played by Yanis Varoufakis include: - Answers Minister of finance in Greece and
Professor at the University of Texas at Austin
What does Yanis Varoufakis term as "the cosmos"? - Answers Universal global currency
What are the "twin peaks" Yanis Varoufakis refers to in his talk? - Answers High debt and high idle cash
reserves.
The Cotonou Agreement - Answers African countries can export goods, duty-free, to the European
Union market.
Andrew Mwenda is from___ - Answers Uganda
According to Andrew Mwenda, what does Africa lack that prevents its development? - Answers Capacity
Governments such as that of Uganda find it more profitable to listen to ____ than its citizens - Answers
International Monetary Fund (IMF) and World Bank
Malthusian Trap - Answers Short term income gains were inevitably lost to population growth.
The Malthusian Trap, an explanation for socio-economic growth, was proposed by: - Answers Reverend
Thomas Robert Malthus
In which year was the Bretton Woods Conference held? - Answers 1944
The following institutions were formed right after the Second World War - Answers United Nations, The
world bank, WTO
, The Industrial Revolution had a profound social effect because of two forces: - Answers 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.? - Answers India and China
Agrarian society - Answers Society who's economy is based on producing and maintaining crops
(agriculture).
John Mynard Keynes proposed.... - Answers A universal currency and countries paying into something
like the IMF
Industrial revolutions have a tendency to..... - Answers Increase GDP per person
In the preinduistrial world, technologiucal advance produced _______, not wealth. - Answers people
Income per person _________ between 1310's and 1450's because of the plague. - Answers doubled
Despite the large income gap, people with lower incomes are _________ happy than those with higher
incomes. - Answers 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? - Answers 2%
What percent of the world's population consists of first-generation immigrants? - Answers 3%
Of all the investment that occurs in the world, what percentage is accounted for by FDI (foreign direct
investment)? - Answers 10%
By 2030, ____________ of world's population is expected to live in cities: - Answers 2/3rd
Which of these is NOT one of the ten flatteners identified by Friedman: - Answers Inshoring
Who has characterized the world as "spiky"? - Answers Richard Florida
In his talk, Khanna calls the confluence of connectivity and geography: - Answers Connectography
Both these scholars are concerned about urbanization's role in globalization: - Answers Florida and
Khanna
Approximately, what percentage of US federal budget goes to foreign aid? - Answers 1%
In 2015, which country announced the creation of the Asian Infrastructure Investment Bank? - Answers
China
In 1995, the following company, that introduced the first Web browser, went public: - Answers Netscape
Who is Gordon Brown? - Answers Former Prime Minister of England
Former leader of Labor Party
Former Chancellor of the Exchequer
What does Gordon Brown mean by a "Global Ethic" - Answers Recognizing our responsibilities to others
The Great Divergence - Answers Increase in inequalities between societies. Incomes rose sharply in
many countries after 1800 but declined in others.
What did the G8 Summit conclude? - Answers The solutions to Africa's problems are found by increasing
aid
How many nations does Africa have? - Answers 53
Professional roles played by Yanis Varoufakis include: - Answers Minister of finance in Greece and
Professor at the University of Texas at Austin
What does Yanis Varoufakis term as "the cosmos"? - Answers Universal global currency
What are the "twin peaks" Yanis Varoufakis refers to in his talk? - Answers High debt and high idle cash
reserves.
The Cotonou Agreement - Answers African countries can export goods, duty-free, to the European
Union market.
Andrew Mwenda is from___ - Answers Uganda
According to Andrew Mwenda, what does Africa lack that prevents its development? - Answers Capacity
Governments such as that of Uganda find it more profitable to listen to ____ than its citizens - Answers
International Monetary Fund (IMF) and World Bank
Malthusian Trap - Answers Short term income gains were inevitably lost to population growth.
The Malthusian Trap, an explanation for socio-economic growth, was proposed by: - Answers Reverend
Thomas Robert Malthus
In which year was the Bretton Woods Conference held? - Answers 1944
The following institutions were formed right after the Second World War - Answers United Nations, The
world bank, WTO
, The Industrial Revolution had a profound social effect because of two forces: - Answers 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.? - Answers India and China
Agrarian society - Answers Society who's economy is based on producing and maintaining crops
(agriculture).
John Mynard Keynes proposed.... - Answers A universal currency and countries paying into something
like the IMF
Industrial revolutions have a tendency to..... - Answers Increase GDP per person
In the preinduistrial world, technologiucal advance produced _______, not wealth. - Answers people
Income per person _________ between 1310's and 1450's because of the plague. - Answers doubled
Despite the large income gap, people with lower incomes are _________ happy than those with higher
incomes. - Answers 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? - Answers 2%
What percent of the world's population consists of first-generation immigrants? - Answers 3%
Of all the investment that occurs in the world, what percentage is accounted for by FDI (foreign direct
investment)? - Answers 10%
By 2030, ____________ of world's population is expected to live in cities: - Answers 2/3rd
Which of these is NOT one of the ten flatteners identified by Friedman: - Answers Inshoring
Who has characterized the world as "spiky"? - Answers Richard Florida
In his talk, Khanna calls the confluence of connectivity and geography: - Answers Connectography
Both these scholars are concerned about urbanization's role in globalization: - Answers Florida and
Khanna
Approximately, what percentage of US federal budget goes to foreign aid? - Answers 1%
In 2015, which country announced the creation of the Asian Infrastructure Investment Bank? - Answers
China
In 1995, the following company, that introduced the first Web browser, went public: - Answers Netscape
