Sample In-Class Test Questions

Common exceptions to free trade policies are: a. Military industries b. Infant industries c. Cultural industries d. All of the above 2. Payments paid to industries to make their products internationally competitive are called: a. Subsidies b. Quotas c. Tariffs d. Voluntary expo...

Common exceptions to free trade policies are: a. Military industries b. Infant industries c. Cultural industries d. All of the above 2. Payments paid to industries to make their products internationally competitive are called: a. Subsidies b. Quotas c. Tariffs d. Voluntary export restraints 3. The countries which took the lead during the second wave of the industrial revolution were: a. Germany, Japan and Russia b. France, Russia and Spain c. Germany, Japan and the United States d. Germany, France and Russia 4. Sceptical accounts of globalization dismiss its significance because they argue: a. By comparison with the period, 1870 to 1914, the world is less globalized economically, politically and culturally, b. The vast bulk of international economic and political activity is concentrated within a group of OECD states, c. Globalization is at best a self-serving myth or ideology which reinforces Western and particularly US hegemony in world politics, d. All of the above are true. 5. Globalization involves: a. A stretching of social, political and economic activities across political frontiers, b. A growing magnitude of interconnectedness in almost every sphere of social existence c. An accelerating pace of global cultural interactions and processes associated with a deepening enmeshment of the local and the regional, d. All of the above are true 6. In 1400 the largest and most powerful civilization was to be found in: a. China b. India c. Europe d. USA 7. Financial problems in Europe in the 15^th^ Century included: a. Uncertainty about the exchange value of coins, b. Primitive banking institutions c. Lack of credit d. All of the above are true 8. The first wave of European imperialism in Africa and the Americas was led by the: a. British b. English and Dutch c. Spanish and Portuguese d. Italians and the Portuguese 9. The industrial revolution involved: a. The application of machinery to production. b. The introduction of new energy sources to power machines. c. The reorganisation of the labour force into factories. d. All of the above. 10. Britain's most successful export to China in the 1800s was: a. Tea b. Opium c. Manufactured products d. Silk