Use of the gold standard was an example of a(n) __________ exchange rate.
Fill in the blank with the appropriate word.
Which of the following is NOT one of the beliefs associated with collective security?
a. Stability results from disequilibrium of power in favor of peaceful nations
b. Existence of multiple competitive alliances will not help to prevent conflict
c. Self-help influenced actions are a key to stability
d. A collective organization of states has the right to monitor and regulate individual
state behavior
e. None of the above
Markets and town life in the early feudal period make a good analogy for a possible end to the sovereign state as we know it today because
a. they demonstrate that new social institutions can develop alongside existing ones.
b. they brought new ideas, wealth, and coalitions and immediately ended the rule of the previously dominant lords.
c. they were the key tool that brought about the revolution that transformed into the Westphalian state system.
d. they brought new coalitions but also increased the level of inequality among individuals.
e. they leveled the amount of power among individuals but failed to bring any new ideas or wealth to local communities.
Multinational corporations try to maneuver to obtain positive terms and search for states with stable currencies and political environments in which to make direct investments.
Indicate whether the statement is true or false.
What is one of the reasons why consumer countries did not use more extreme measures, such as force, during the oil crisis?
a. They knew that refinery capacity and the business cycle would catch up with the glut and bring prices back down.
b. They reasoned that high prices would spur minor producers to increase drilling and exploration and ultimately break the Middle East control over oil production.
c. The sensitivity interdependence that led to high energy prices was regarded as good by important political actors in the consumer countries.
d. Distributing oil companies redistributed reduced oil supplies to make up for the shortfall.
e. Economic interdependence prevented consumer countries from taking radical actions because they had lost a measure of sovereignty over their own economic affairs.
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