International political economy concerns itself with the analysis of: AThe impac

Question

International political economy concerns itself with the analysis of: AThe impact of political, culture and id B.How international financial markets interact with the government regulations within their market area. C.How domestic politics affects the attitude of a govemment to intermational trade D. All of the above on economic dynamics of a trade block. Reset Selection Mark for Review What's This? Question 10 of 25 Globalization has: OA.Reduced absolute poverty around the world. B.Made many economies and cultures more similar and closer through trading with one another. C.Increased the disparity of income between the rich and the poor in developing countries. DAl of the above Reset Selection Mark for Review What's This? Question 11 of 25 A Free Trade Area: A Has uniform tariffs for non-members but variable tariffs amongst members. B Has the same tariffs on members and non-membens C.Has no tariffs and no taxes. D Has no tarifs between member countries but non-unifrom tariffs on non-member countries. Mark for Review What's This? Question 12 of 25 A Customs Union Has: ANo tariffs among members and free flow of capital and labor with outsiders. B. No tarif's among members and a common currency C.No tariffs among members and uniform tariffs on outsiders. D No tarifs with any country

Explanation / Answer

a) The correct answer is "D" all of the above. The international political economy is concerned with the interaction of politics and macroeconomics of a country. It has its effect on trade blocks, local markets and regulations and there effects on international trade.

b) The correct answer is "D".  Yes, globalization has resulted in reducing absolute poverty around the world but has also increased income disparity and brought countries closer in terms of culture and practices.

c) The correct answer is "D". A free trade area has no tariff for member countries but different tax rates for non-member countries. Example European free trade area and ASEAN. They both have no tariff among themselves but various tariff rates for other countries.

d) The correct answer is "C". A custom union charges a uniform tariff rate from other countries and no taxes from members country example the European Union, China, and Hongkong.

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