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International Economic Cooperation: The Alternative Road
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1

What event served as the impetus to change the structure and course of international economic reform?
A)Balkan War
B)World War I
C)World War II
D)Vietnam War
2

One of the principal concerns of the G-8 is
A)to generate consensus among major world leaders on international economic matters.
B)generating economic prosperity in the South.
C)the economic ramifications of ethnic fighting.
D)the environmental ramifications of economic policies.
3

Economic internationalists view global economic inequality as resulting from
A)decolonization.
B)correctible imperfections in the current global economy.
C)structural problems in the current global economy.
D)the nature of the global economy.
4

One of the primary current interests of the Group of 77 is
A)obtaining universal membership in the WTO.
B)promoting trade and tariff reforms in LDCs.
C)achieving currency stability in LDCs.
D)attaining debt relief for LDCs from donor countries.
5

GATT
A)became obsolete with the formation of the WTO.
B)was formed by the WTO.
C)addresses a wide range of development issues.
D)is the treaty enforced by the WTO.
6

What did signatories of the Uruguay Round document pledge to do about tariffs over the next 10 years?
A)Maintain current levels.
B)Reduce them by one-third.
C)Eliminate them.
D)Reduce them by three-fourths.
7

What is the major criticism of conditionality in IMF lending?
A)It gives too much power over decisions to too few countries.
B)It restricts the amount of IMF funds available.
C)It leads to the imposition of unfair and unwise standards on borrowers.
D)It provides loans with an interest rate that is unfairly low.
8

The least integrated type of transnational economic activity is
A)monetary union.
B)economic union.
C)a free trade area.
D)a common market.
9

The lifeboat analogy contends that the global economy is large enough to provide relief for all, should they desire it.
A)True
B)False
10

The UNDP promotes the growth of industry in the LDCs.
A)True
B)False
11

The European single currency, the euro, went into circulation in the year 2000.
A)True
B)False





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