Question

QUESTION 21

1. Hegemonic stability theorists argue that in the interwar period

	a.	the United States was not yet willing to be the global hegemon
	b.	the United States was beginning to act as the global hegemon.
	c.	Britain’s power was declining, but it was still the global hegemon.
	d.	Britain was no longer willing to be the global hegemon.

QUESTION 22

1. 
   
   
   The 1944 Bretton Woods Conference resulted in the formation of the
   

	a.	General Agreement on Tariffs and Trade (GATT) and the ECOWAS
	b.	Organization for Economic Cooperation and Development
	c.	International Monetary Fund (IMF)
	d.	UNCTAD and the World Bank

QUESTION 23

1. States in the mercantilist period

	a.	emphasized industrialization and agricultural exports as a means of gaining wealth.
	b.	helped establish territorial unification and state authority
	c.	viewed free trade as serving their interests.
	d.	repealed the corn laws and increased their technology exports

  

QUESTION 24

1. Its advocates supported extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy.
   
   
   
   
   

	a.	Laissez- faire
	b.	Capitalism
	c.	Neoliberalism
	d.	Socialism

   

QUESTION 25

1. The theorists most likely to view small states as benefiting more than large states from open regional trade agreements (RTAs) are

	a.	None of the above
	b.	liberals.
	c.	historical materialists.
	d.	realists.

Answer 1

1. The 1944 Bretton Woods Conference resulted in the formation of the

	c.	International Monetary Fund (IMF)

Ans. The conference led to the formation of GATT and IMF International Bank for Reconstruction and Development (IBRD)

QUESTION 24

1. Its advocates supported extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy.
   

a.

Laissez- faire

Lassiez-faire advocates no role of the government in the economy.

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