17 Questions
What is the basis of the currency adopted by the United States and other European powers in 1867?
Gold standard
What do Sceptics believe about globalization?
It is not a real phenomenon
What does GATT stand for?
General Agreement on Tariffs and Trade
What is the purpose of the International Monetary Fund (IMF)?
To provide loans to countries in economic distress
Which type of companies operate in various industries under two corporate groups?
Conglomerations
According to Neo-Marxist scholars, how can they be classified?
Sceptics
What was the purpose of establishing the United Nations after World War II?
To prevent future world wars
Which organization succeeded the League of Nations and was characterized as ineffective?
United Nations
According to Friedrich Hayek, what is a major achievement in economics related to changing prices?
Providing information for economic planning
What is the main characteristic of Free Trade policy?
Not limiting imports or exports through tariffs or subsidies
How does Economic Globalization affect world economies?
Enhancing interdependence through cross-border trade and technology transfer
What does the concept of the Interstate System propose about states?
States are interconnected through relationships with other states or global participation
What are the 4 main purposes of the United Nations?
Ensure global peace, develop foreign relations, improve the life of the world's poor, promote harmony
Which of the following is NOT a global governance gap according to Thomas Weiss and Ramesh Thakur?
Technology gaps
What does Marshall McLuhan's phrase 'the medium is the message' emphasize?
The medium used in communication is as important as the content being communicated
What is the primary goal of cultural diffusion?
Spread ideas, customs, and technologies among different groups
Which of the following does Karl Marx advocate for in terms of internationalism?
Ending class division globally
Test your knowledge on Friedrich Hayek, a major social theorist and political philosopher of the 20th century, and his theories on how changing prices relay information to help people determine their plans. Explore concepts related to global wealth, the establishment of the UN after World War II, and the ineffectiveness of the League of Nations.
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