Master Global Political Economy with this Comprehensive Quiz!
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Questions and Answers

Which organization was established to provide interest-free loans and grants to the world's poorest countries?

  • United Nations Development Programme (UNDP
  • International Development Association (IDA (correct)
  • World Bank (WB
  • International Monetary Fund (IMF

    • Which of the following is NOT discussed in the text?

  • The emergence of the study of Global Political Economy in the 1970s
  • The concept of free riding
  • The history of the European Union (correct)
  • The difference between IDA and World Bank

    • Which decade saw the emergence of the study of Global Political Economy?

  • 1960s
  • 1970s (correct)
  • 1980s
  • 1950s

    • Which theory of Global Political Economy emphasizes the role of power and self-interest in international relations?

    <p>Realist IPE/GPE</p> Signup and view all the answers

    Which theory of International Political Economy emphasizes the role of power in shaping international economic relations?

    <p>Realist IPE/GPE</p> Signup and view all the answers

    What is the Prisoner's Dilemma?

    <p>A game theory scenario where two individuals have to decide whether to cooperate or betray each other</p> Signup and view all the answers

    According to Marx's Political Economy, what is the source of economic value?

    <p>Labor</p> Signup and view all the answers

    What is the role of institutions in increasing chances of cooperation in the International System?

    <p>To enforce compliance with international laws and norms</p> Signup and view all the answers

    What is the concept of free riding in International Political Economy?

    <p>The practice of countries benefiting from a public good without paying for it</p> Signup and view all the answers

    What is the Reciprocal Trade Agreement Act?

    <p>A law passed by the US Congress in 1934 to promote trade liberalization</p> Signup and view all the answers

    Which game theory scenario involves two players choosing between cooperation and defection?

    <p>The Stag Hunt</p> Signup and view all the answers

    What American values were imparted to the International trade system following WWII?

    <p>Free trade and globalization</p> Signup and view all the answers

    What is the role of institutions in increasing chances of cooperation in the International System?

    <p>To facilitate communication and coordination among countries</p> Signup and view all the answers

    What is the International Trade Organization?

    <p>An organization that was never established due to the failure of negotiations</p> Signup and view all the answers

    Study Notes

    This text covers various topics related to Global Political Economy, including the difference between IDA and World Bank, the emergence of the study of Global Political Economy in the 1970s, Realist IPE/GPE, Marx's Political Economy and IPE/GPE, the concept of free riding, the Prisoner's Dilemma and Stag Hunt games, the reasons for cooperation failure in the International System, the role of institutions in increasing chances of cooperation, the characterization of institutions, tariffs, the Reciprocal Trade Agreement Act, American values imparted to the International trade system following WWII, and the International Trade Organization.

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    Description

    Test your knowledge on Global Political Economy with this comprehensive quiz! From the difference between IDA and World Bank to the emergence of GPE in the 1970s, this quiz covers it all. Explore Realist IPE/GPE, Marx's Political Economy, and the concept of free riding. Challenge yourself with the Prisoner's Dilemma and Stag Hunt games, and learn about cooperation failure in the International System. Discover the role of institutions in increasing chances of cooperation and learn about tariffs

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