Ulman2015

1.

1 point

With regard to trade negotiations it is correct to say:

Currently 23 members are active participants in the WTO

Today the Doha Round involves, among other things, subsidies in agriculture, opening developing countries markets and the environment

Today there are over 150 members of the WTO

Today trade negotiations are only taking place in the UN

Answers A and D are correct

Answers B and C are correct

2.

1 point

Cooperation North was:

An attempt by Dr. Rosenberg to increase the level of cooperation between Arabs in the West Bank and Israelis in the Northern part of Israel

A principal project of the European Union in the Middle East that intended to increase cooperation between Israelis and Palestinians at the "state" level

A European Project to increase the level of cooperation between Israeli Arabs and Israeli Jews in the Northern part of Israel

A Project during the 1990s of the Nordic Council between Iceland, Norway, Sweden, Denmark and Finland

A principal project of the European Union in the Middle East that intended to increase cooperation between Israelis and Palestinians at the community level

3.

1 point

European Central Bank is located in:

London

Paris

Frankfurt

Rome

Berlin

4.

1 point

A comparison of the IMF and the World Bank suggests:

The World Bank provides aid to all members while the IMF only to Less Developed Countries (LDCs) that are members of the IMF

The World Bank provides aid under better terms than the IMF

Whereas the IMF provides aid to all its members, both industrialized countries as well as LDCs. World Bank gives aid only to LDCs that are members of the organization

The World Bank provides aid for development projects, while the IMF only for monetary crises that any of its member experience

Answers B, C and D are correct

5.

1 point

At the helm of only one of the following int’l institutions the president or the general director has to be an American citizen:

The WTO

The BRD The Bank for Reconstruction and Development

The EBRD European Bank for Reconstruction and Development

The ASDB The Asian Development Bank

The IMF

6.

1 point

OPEC is:

A consortium of oil producing companies

A group that contains the most powerful world economies

A cartel of offshore oil drilling companies

A monopoly of oil producing and exporting countries

A cartel of oil producing and exporting countries

7.

1 point

When we talked about “Negotiation” we have distinguished between several types of agreements. One of the following types was not considered under these categories:

Redistribution agreements

Extension agreements

Contractual agreements

Innovative agreements

Negotiations for side effects

8.

1 point

This discussion of int’l trade suggests that:

Between 1947 and 2009 there were 9 rounds in negotiations

Doha round concentrates on NTBs, textiles and clothing and services

Doha round concentrates on subsidies for agriculture, environment and intellectual property

Uruguay round concentrates on subsidies for agriculture, environment and intellectual property rights

A and B are correct

A and C are correct

9.

1 point

Only one of the following statements is correct with regard to the national treatment principle:

It guarantees preference to the business companies of one country to do business with another country

It is an IMF principle that contributes to declining interest rates levels to the developing countries

It guarantees the reciprocity principle in int’l monetary relations

It guides the formulation of long term strategic planning in a Multi-National Corporation

None of the Above

10.

1 point

Areas such as int’l trade, balance of payments, barriers to trade are considered as part of:

Int’l Monetary Economics

Int'l Economics

Economics

Int'l Trade

Int’l Political Economy

11.

1 point

“Rounds” in economic diplomacy refers to:

Negotiation in monetary affairs under the auspices of the IMF

Negotiation in monetary affairs under the auspices of the IMF and the World Bank

Negotiation in trade affairs under the auspices of the WTO

Rotating presidency in the EU

None of the above

12.

1 point

Several of the following activities are related to economic diplomacy:

Israeli government participation in the discussions of the Paris Club

The current Doha Round that are multilateral negotiations

Annual meetings of the IDA and IMF

Summit talks among the prime minister of Italy, and the President of Libya

Answers A, B, and C above

13.

1 point

The Economic Summits were useful for the Western leaders in the following way:

Their dependence in their respective bureaucracies declined.

They better understood the constraints imposed on their colleagues.

Most of them emerged from domestic politics and the summits exposed them and"educated" them with international issues.

Their dependence on their foreign and economic ministers declined.

Answers A, B and C are correct

14.

1 point

Only one of the following statements with regard to the European Monetary Union and the European Monetary System is incorrect:

The EMU preceded the European Monetary System

The Euro is the only currency of the European Monetary Union

The European Central Bank was not part of the European Monetary System

None of the above. All answers are correct

The European Monetary System (EMS) preceded the EMU

15.

1 point

One of the following representatives is not a diplomatic representative:

all of the above

A tourist representative

A scientific comissioner

A scientific attaché

A labor attaché

16.

1 point

The discussion on the int’l trade system suggested that:

Soviet Union, in the past, and Russia today participated actively in this system

United States’ influence in the system deteriorated

China was an active participant in the system since its emergence/creation

West European nations’ role as well as Japans’ deteriorated

17.

1 point

G-20 is:

Includes finance ministers and central bank governors of 19 nations and the EU and chief executive officers of three institutions: the IMF, the World Bank and the WTO, as well as representatives of the Int’l Monetary and Financial Committee and Development Committee of the IMF and the World Bank and the Finance Committee of the WTO

Includes 20 nation states – only their head of states

Includes representatives of the 20 less developed nations

Includes finance ministers and central bank governors of 19 nations and the EU and chief executive officers of two institutions: the IMF, the World Bank and representatives of the Int’l Monetary and Financial Committee and Development Committee of the IMF and the World Bank

18.

1 point

MERCOSUR :

is a free trade agreement between Brazil and Chile.

is a free trade agreement between Brazil and Argentina.

is a free trade agreement among Brazil, Argentina, Paraguay and Uruguay.

has signed an agreement with The Andean Community to restart negotiations on the creation of a free trade area between the two economic blocs.

. Answers C. and D.

None of the above

19.

1 point

According to John Pinder in his article on Economic Diplomacy only one of the following statements with regard to Economic Diplomacy is correct:

The Political Aims are: Free Trade, Securing the power of the country and securing the existence of a country

The Economic Aims are: Free Trade, Protection and Management of the int’l economy

The National Aims of a country are not attained by economic diplomacy

There are no Military Aims

20.

1 point

One of the following Banks is different:

EIB – European Investment Bank

MIGA – Multilateral Investment Guarantee Agency

ADB – African Bank for Development

IFC – Int’l Finance Corporation

IDA – Int’l Development Association

21.

1 point

According to the lecture the most precise definition of the term “politics” still is:

Who gets what, when and how ?

Individual’s, organizations’ and states’ interests.

Power relations among people, organizations and states.

A process of attaining actors’ will.

Influence of one actor on another one.

22.

1 point

Two possible candidates in the next NAFTA"s enlargement will be:

None of the above

Argentina and Brazil

Argentina and Chile

Chile and Columbia

Chile and Brazil

23.

1 point

Only one of the following statements with regards to the “IMF” is correct:

The International Monetary Federation is the international Association of all Central Bankers.

This institution is an important organization dealing with international trade.

This institution was a financial institution during the system of fixed exchange system.

the organization was established in Bretton Woods together with the World Bank.

It is the world – wide international organization equivalent to the European Central Bank.

24.

1 point

With regard to WTO decision making:

A majority of three quarters of WTO members can vote to adopt an interpretation of any of the multilateral agreement

A decision to admit a new member is taken by majority of 2/3 in the Ministerial Conference

A majority of two thirds of WTO members can vote to adopt an interpretation of any of the multilateral agreements

A decision to admit a new member is taken by consensus in the Ministerial Conference

A and B above

25.

1 point

One could characterize most of the economic issues discussed in class as falling into two broad categories:

Third party diplomacy versus national capital diplomacy

Public diplomacy versus quiet diplomacy

Multilateral versus bilateral diplomacy

Summit diplomacy versus national capital diplomacy

none of the above

26.

1 point

One of the following instruments of public policy is not a tool of trade policy:

Import Quotas

Local Content Requirements

Tariff

VER

Changing Domestic Interests

27.

1 point

One of the following tasks is not the responsibility of the Economic Minister in the country that he is assigned to

Responsible for the financial issues pertaining to both countries.

Responsible for the formulation of the trade policy of his country.

Supervises all commercial attaches.

Responsible for the intergovernmental relations in the economic sphere.

Answers b and C above

28.

1 point

Only one of the following statements with regards to the SDRs is correct:

It is an interim liquid asset created by the World Bank

Special Diplomatic Risk is an element of risk associated with aid given to LDCs

It is a basket of currencies consisting of fixed quantities of the Dollar, Yen Euro and the Yuan

It is a mechanism of negotiation in third party diplomacy

It is an asset that circulates among central banks only

29.

1 point

At the helm of the IMF the chairman can be:

a Chinese citizen

an Russian citizen

An american citizen

Any Citizen

a french citizen

30.

1 point

The discussion on the int’l trade system suggested that:

The Soviet Union participated actively in this system

The LDCs were very happy to be part of this system

The USA coordinated its structure with the West European nations as well as with Japan

A and C above

none of the above

31.

1 point

Only one of the following statements with respect to the international trade system is correct:

This is the system that is based on the international monetary system.

This is the system that is based on the international political system.

This is a system that is based on several principles including the National Treatment principle.

This is a system that is based on trade negotiations characterized by rounds.

Answers C and D are correct

32.

1 point

Two of the following oil exporting nations are not members of OPEC

Mexico and Venezuela

Mexico and China

China and Angola

Norway and Nigeria

Venezuela and Kuwait

33.

1 point

BRIC is:

The emerging powers in Latin America and South East Asia; Brazil, Indonesia and Chile

Bank for Reconstruction Int’l Capital

The last new members of the EU: Bulgaria, Romania, Iceland and Spain

The emerging economic powers in world economy Brazil, Russia, India and China

Britain, Romania, Italy and Cyprus the four EU members that handle the economic crisis thus far properly

34.

1 point

Which one of the following statements with regards to the “IMF” is incorrect:

This insinuation is an important organization dealing with int’l finance and monetary affairs

It is an int’l organization equivalent to the European Bank for Reconstruction and Development

The organization was established in Bretton Woods together with the World Bank

It is the Int’l Monetary Fund

All the answers are correct

35.

1 point

European Investment Bank:

Is located in London. The financial center of Europe

Is responsible for the monetary policy of 16 member states of the EMU

Its decisions are directed by the European Commission

Is a bank for the development of Central Europe only

Is the financial arm of the European Commission

36.

1 point

The European Central Bank:

Is located in London the financial center of Europe

A European Bank for Investment.

A bank for the Development of Central Europe.

Is responsible for the monetary policy of 15 member states of the EMU.

Is located in Frankfurt the financial center of Europe

D and E above

37.

1 point

The sum of the behavior of a country towards the int’l system including all its external decisions is the definition of:

Diplomacy

None of the Above

Economic Diplomacy

International Relations

Foreign Policy

38.

1 point

Discussion of the int’l political system suggested that:

The developing countries had an important role during the early years of the Cold War era

The int’l political system is dynamic and members of the system that are weak at one type of the int’l system might be powerful at a different type of int’l system

The Soviet Union always used its diplomatic skills to strengthen its economic might

Answers A and B above

None of the Above

39.

1 point

Only one of the following activities involves economic diplomacy:

A summit between the presidents of Brazil, Cuba and Venezuela

The Uruguay Round that were multilateral negotiations ending in the establishment of WTO

The annual NATO meetings

Summit talks among the president of Egypt, the King of Jordan and the King of Saudi Arabia

All of the Above

40.

1 point

The difference between “hard loan” and “soft loan” is:

Soft loan is another term for grant

The time element is very short in ‘hard loan’ and is longer than 25 years in ‘soft loan’

The ‘grace period’ is much shorter in ‘hard loan’ than in ‘soft loan’

The interest rate in ‘hard loan’ is lower than in ‘soft loan’

B+C are correct

41.

1 point

The comparison between the European Union and The EFTA
suggests that :

EFTA and the European Union are similar institutions.

EFTA is a Free Trade Area and the European Union is today more than a Customs Union. EFTA is a Free Trade Area and the European Union is today more than a Customs Union.EFTA is a Free Trade Area and the European Union is today more than a Customs Union. EFTA is a Free Trade Area and the European Union is today more than a Customs Union. EFTA is a Customs Union and The European Union is a Free Trade Area.

EFTA is a Free Trade Area and the European Union is today more than a Custom Union

None of the Above

42.

1 point

Davos is:

A village in Switzerland where the G20 meets

A village in Switzerland where the G8 meets

A village in Switzerland where the IMF and the world banks meet when they do not convene in Washington DC

A village in Switzerland where the 5 + 1 members of the Security Council met to discuss the imposition of economic sanctions on Iran

A village in Switzerland where Heads of states, foreign and finance ministers, governors of central banks, top businessmen, Heads of Int’l Organizations meet and discuss recent developments in the world economy and world politics

43.

1 point

One of the following conditions was not used by Germany when it tried to influence the character of the European Central Bank:

Frankfurt has to be the bank’s location

The President of the ECB had to be Dr. Hans Tietmeir the previous president of the German Central Bank

The Central Banks independence was guaranteed and secured from the European Finance ministers

All of the above

none of the above

44.

1 point

Only one of the following institutions was established during the 1990s:

The European Central Bank

The European Investment Bank

The IMF

A and B above

None of the Above

45.

1 point

PIIGS is a term related to:

The fastest growing economies among the developing countries

The Independent companies in the oil market

A group of nations which are EU members but not members of the EMU

A group of nations that are members of the EMU and experiencing a serious financial crisis

A group of nations that form a coalition in WTOs negotiations

46.

1 point

With regard to the Arab boycott one can say:

It is a unique feature in Israel’s int’l economic relations

It was an effective weapon as many companies refused to invest in Israel

It was never an effective weapon as Israel’s int’l position demonstrates

Answers A and B above

47.

1 point

Which one of the following statements is correct:

Public diplomacy takes place only when third party is involved

Summit diplomacy is behind the scenes negotiations that occur between head of missions to int’l organizations

Shuttle diplomacy was known as US Secretary of States Kissinger bargained within shuttle buses in int’l airports

Quiet diplomacy is behind the scenes negotiations that occur between members of permanent missions and IGOs

Multilateral diplomacy takes place only within the MIGA framework

48.

1 point

One of the following tasks is not the responsibility of the Economic Minister in the country that he is assigned to:

The financial issues pertaining to both countries

Interviews on all media, including TV

Supervision of all commercial attaches

Responsible for the intergovernmental relations in the economic sphere

None of the above – all the above responsibilities are his direct ones

49.

1 point

Two of the following oil exporting nations are not members of OPEC

Venezuela and Kuwait

Mexico and Venezuela.

Norway and Mexico

China and Angola