According to Helleiner, the continued strength of the dollar in spite of the financial crisis is the result of __________.
a. its usefulness as a global reserve currency
b. the stability of its exchange rates
c. bias on the part of international markets
d. the structural power of the United States
Why, in Fearon's view, might a state not want to reveal their superiority to their opponent?
a. It may provoke an opponent into a preemptive strike.
b. It may provoke an opponent into a preventive strike.
c. In rationalist explanations of war, superiority is a liability.
d. Doing so might destroy the possibility of an effective first strike and thereby compromise that superiority.
What is the role of the US dollar in international finance?
a. It is the dominant currency of most markets and typically held in reserve.
b. It has the highest exchange rate of any currency.
c. It is the most stable of any currency.
d. It backs up the global reserve currency.
According to Fearon, what is unsatisfactory about previous rationalist explanations for war?
a. They focus too much on capabilities and not enough on outcomes.
b. They cannot explain how a weaker state sometimes defeats a stronger state.
c. They do not take communication into account.
d. They do not account for the role of chance and other aspects outside of state control.
Why, according to Helleiner, was the United States' role as lender-of-last-resort in the financial crisis unique?
a. It had the military and economic power to enforce new regulations.
b. The financial crisis had begun in American markets and subsided by the time it spread abroad.
c. It was, at the time, the world's largest economy.
d. It could print unlimited amounts of dollars.
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