International Political Economy

1) Which of the following countries are top three largest shareholders in Asian Infrastructure Investment Bank (AIIB)?
(a) China, India and Australia
(b) China, Australia and Canada
(c) China, India and Russia
(d) China, Russia and India
Answer: (c)

2) World oil prices increased to over $140 per barrel in the summer of 2008 primarily because of ______.
(a) Rapid growth in demand from India and China
(b) Increased exploitation of reserves in the Caspian region
(c) Reduction in aggregate OPEC production levels
(d) The usual increase in summer travel
Answer: (a)

3) The HIPC program was designed to deal with the debt problems of ___ countries.
(a) Formerly communist
(b) Poor developing
(c) Latin American
(d) Scandinavian
Answer: (b)

4) The main change in the international trade regime between 1945 and the present was _______.
(a) an increase in average tariff levels
(b) a decline in the volume and value of trade
(c) the creation of a more ambitious trade regime (the WTO)
(d) the return to a gold standard
Answer: (b)

5) The share of developing countries in world trade is around
(a) 10%
(b) 30%
(c) 40%
(d) 50%
Answer: (b)