FREE AND STUDY GAMES ABOUT TCW EXAM QUESTIONS

PDF Download

FREE AND STUDY GAMES ABOUT TCW EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -116 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Protectionism benefits countries that have struggling businesses incapable of going against international competition.

Answer:

TRUE Question 2: In the capacity development function of the IMF, it works with governments around the world to modernize their economic policies and institutions and train their people. This helps countries strengthen their economy, improve growth and create jobs.

Answer:

TRUE Question 3: In protectionism, imports are discouraged through the use of high import tariffs, quotas, and/or restrictions.

Answer:

True Question 4: IFIs have five categories: commodity or industry-specific organizations, commissions and agencies managing shared resources, development funds and banks, international trade agreements involving a few nations, and global organizations for trade, developme

Answer:

TRUE Question 5: In the economic surveillance function of the IMF, it works with governments around the world to modernize their economic policies and institutions and train their people. This helps countries strengthen their economy, improve growth and create jobs.

Answer:

FALSE Question 6: In the global economy, there are countries that lack both the natural resources and the right technologies that prevent them from competing well.

Answer:

TRUE Question 7: Managing the economic problem involves a series of economic choices that must lead to the least damaging opportunity costs.

Answer:

True Question 8: Development funds and banks are concerned with the development efforts of a specific clientele. Their scope only go as far as their beneficiaries are involved.

Answer:

TRUE

Question 9: Protectionism is sometimes known as trade liberalization.

Answer:

FALSE Question 10: The advantaged party in the Modern World System are the periphery countries because what they are selling have greater economic value than what they pay for in acquiring raw materials or paying for cheap labor.

Answer:

FALSE Question 11: Typical examples of normal financial institutions include banks, credit unions, investment companies, brokerage firms, insurance companies, etc.

Answer:

TRUE

Question 12: Global organizations for trade, development, and macroeconomic stability are alliances between countries usually done for the purpose of trade. Their scope is usually regional.

Answer:

False Question 13: One of the goals of the World Bank Group which must be achieved by 2030 is: end extreme poverty by decreasing the percentage of people living on less than $1.90 a day to no more than 20%.

Answer:

FALSE Question 14: One of the goals of the World Bank Group which must be achieved by 2030 is: promote shared prosperity by fostering the income growth of the top 10% for every country.

Answer:

FALSE

Question 15: Limited in use means a resource has a finite number.

Answer:

FALSE Question 16: The three global organizations playing a major role in international economic

relations are: the IMF, the World Bank, and the ASEAN.

Answer:

FALSE Question 17: Commodity or industry-specific organizations are concerned with a specific type of commodity. Their scope only go as far as those commodities are involved.

Answer:

TRUE

Question 18: Limited in physical quantity means a resource has a finite number.

Answer:

True

Question 19: Protectionism benefits countries that have businesses capable of competing at the international level.

Answer:

FALSE Question 20: Free trade benefits countries that have struggling businesses incapable of going against international competition.

Answer:

FALSE Question 21: One of the shared goals of IFIs states: to promote regional cooperation and integration among developed countries.

Answer:

FALSE Question 22: One of the shared goals of IFIs states: to reduce global poverty and improve people's living conditions and standards.

Answer:

TRUE Question 23: One of the goals of the World Bank Group which must be achieved by 2030 is: promote shared prosperity by fostering the income growth of the bottom 40% for every country.

Answer:

TRUE Question 24: One of the shared goals of IFIs states: to support sustainable political, cultural and environmental development.

Answer:

FALSE

Question 25: Businesses are one of the actors of the global economy.

Answer:

TRUE