Question 11 Not yet answered Time left 0:27:31 Marked out of 1.00 Flagquestion Which event marked the end of the Bretton Woods system? a. The global financial crisis of 2008 b. The creation of the Euro in 1999 c. The suspension of the US dollar's convertibility into gold in 1971 d. The signing of the Maastricht Treaty in 1992 Previous page Next page
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Bretton Woods was a multinational meeting of economists and diplomats to discuss the A. Staggering economic problems that would face the postwar world. B. Plans for preventing another economic collapse like the Great Depression. C. Creation of an International Monetary Fund. D. All of the above
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Question 2 The Great Depression led to which of the following: - the abandonment of unfettered markets - an increase in isolationism and protectionism - increased reforms to provide social safety nets for workers - all of the above Question 3 One recent critique of globalization argues: - transactions no longer occur in a particular place, challenging the sovereignty of nation-states - the internet has grown obsolete and there needs to be a replacement technology - Soviet-style communism should return to rebalance the world's economy - the global economy has hit a ceiling and can never grow any higher Question 6 World War II was more destructive and far deadlier than World War I because the mobilization of civilians meant all industrial production was geared towards war—a fact that also made them targets. This application of a nation's resources and manpower toward fighting war is often called: - "phony war" - "total war" - "complete symbiosis" - "bankruptcy" Question 7 The "Thirty-Year Crisis" of the modern world, which destroyed the old European colonial order and gave rise to a bifurcated world dominated by the United States and the Soviet Union, included EACH of the following events EXCEPT: - World War I - World War II - Great Depression - Cold War Question 8 Which of the following has occurred as a result of human technologies reconfiguring the biosphere: - human activity has driven species extinction beyond that occurring by natural processes - human activity has increased biodiversity throughout the world - there are now 50 percent fewer wild animals than there were in the 1970s - both A and C - all of the above
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Explain whether each of the following events increases or decreases the money supply. a. The Fed buys bonds in open-market operations. b. The Fed reduces the reserve requirement. c. The Fed increases the interest rate it pays on reserves. d. Citibank repays a loan it had previously taken from the Fed. e. After a rash of pick pocketing, people decide to hold less currency. f. Fearful of bank runs, bankers decide to hold more excess reserves. g. The FOMC increases its target for the federal funds rate.
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