International Political Economy

An economic nationalist believes that relations between states are:

• Not as important as relations between firms

• Not as important as class conflict

• A plus or positive sum game

• A zero-sum game

Liberals believe that:

• Relative and absolute gains are equally important

• Relative gains are more important than absolute gains

• Absolute gains are more important than relative gains

• Discussion or relative and absolute gains is unnecessary

Liberals argue that international cooperation:

• Can be facilitated by international organisations

• Requires a hegemonic state

• Primarily benefits the strongest states

• Is impossible because of anarchy

Comparative advantage is central to:

• Liberalism

• Economic nationalism

• Critical thought

• Feminism

US President Donald Trump’s ‘America First’ policy is an example of:

• Liberalism

• Economic nationalism

• Neo-Marxism

• Neo-liberalism

The field of international political economy:

• Examines the relationship between national and international politics

• Examines the relationship between economics and politics

• Draws upon disciplines such as history, political science, economics, and sociology

• All of the above

Political economy involves:

• The integration of politics and economic

• The application of economic methods to political problems

• The application of Marxist methods

• All of the above

Public goods are things that:

• Can be enjoyed by more than one person without any reduction in the good

• People cannot be excluded from their consumption

• Are unlikely to be provided by individual rational actors

• All of the above

For scholars intent on consolidating the field of IPE the main task is to:

• Integrate cultural studies approaches

• Build upon agreed theoretical approaches and problems

• Challenge existing theoretical and epistemological approaches

• Discover new topics to explore

Which of the following statements is most accurate?

• Political science deals with the world as it is while economics considers the world as it should be

• Political science is about opinions while economics is about facts

• Political science focuses on power while economics focuses on the allocation of scarce resources

• Political science focuses on institutions while economics focuses on businesses