20 KEY MULTICHOICE QUESTIONS TO PREPARE YOUR IPE EXAM. TOPIC 3. Mercantilism

Estas 20 preguntas tipo test están basadas en el capítulo sobre mercantilism y economic nationalism del libro Introduction to International Political Economy de Balaam y Dillman. Este cuestionario cubre conceptos clave como protectionism, trade surplus, zero-sum game, y neomercantilism, ayudándote a reforzar el tema para tu examen. Puedes encontrar los apuntes completos y más detalles sobre estos conceptos en este enlace.

1. What is the primary goal of mercantilism in international political economy?
1. A) Promote free trade
2. B) Maximize imports
3. C) Accumulate wealth for national power
4. D) Establish global alliance.
2. Classical mercantilism is closely associated with:
1. A) Liberal economic policies
2. B) Accumulating wealth through colonialism
3. C) The Enlightenment
4. D) Reducing tariffs and trade barriers,
3. Which period is most associated with classical mercantilism?
1. A) 15th to 17th centuries
2. B) 17th to 19th centuries
3. C) 19th to 21st centuries
4. D) Post-WWII era
4. Mercantilist policies typically involve:
1. A) Removing tariffs to encourage competition
2. B) Establishing a balance of payments deficit
3. C) Implementing protectionist measures
4. D) Promoting economic independence for colonies
5. The 'zero-sum' view in mercantilism implies that:
1. A) All nations benefit equally from trade
2. B) One nation’s gain is another nation’s loss
3. C) Trade surplus is unnecessary
4. D) Military expansion secures economic power
6. How did British mercantilist policies affect Ireland in the 18th century?
1. A) Ireland became a manufacturing hub
2. B) Irish mills were destroyed by restrictions
3. C) Ireland gained political independence
4. D) Ireland experienced an economic boom
7. Which concept contrasts sharply with mercantilism?
1. A) Protectionism
2. B) Economic nationalism
3. C) Liberalism
4. D) Industrialization
8. What role does the state play in mercantilism?
1. A) Minimal intervention in the economy
2. B) Central authority guiding economic policy
3. C) Promotion of international trade
4. D) Support for transnational corporations
9. A mercantilist state typically sees wealth in terms of:
1. A) High domestic productivity
2. B) Gold and silver reserves
3. C) Liberal trade policies
4. D) Consumer satisfaction
10. Which policy is most aligned with neomercantilism?

1. 1. A) Trade liberalization
   2. B) Import quotas and subsidies for local industries
   3. C) Free-market ideology
   4. D) Eliminating state subsidies
      
      

2. The British Corn Laws represent a case of:

   1. A) Liberalization of agricultural trade
   2. B) Mercantilist protectionism for domestic agriculture
   3. C) Early free-market reform
   4. D) Military expansion for economic gain
      (Answer: B)

3. Which statement about infant industries in mercantilism is true?

   1. A) They should compete without protection.
   2. B) They receive tariffs and subsidies until competitive.
   3. C) They are always state-owned.
   4. D) They benefit from global competition.
      (Answer: B)​

4. The Smoot-Hawley Tariff Act of 1930 is an example of:

   1. A) Economic liberalism
   2. B) Protectionist policies
   3. C) Reduced trade barriers
   4. D) Increased global cooperation
      (Answer: B)​

5. According to mercantilist theory, which is a primary reason for a state to limit imports?

   1. A) Increase consumer choice
   2. B) Protect national security and self-sufficiency
   3. C) Encourage global economic interdependence
   4. D) Raise money for private industries
      (Answer: B)​

6. Who is considered a famous proponent of economic nationalism?

   1. A) John Stuart Mill
   2. B) Adam Smith
   3. C) Alexander Hamilton
   4. D) Milton Friedman
      (Answer: C)​

7. The concept of 'benign mercantilism' refers to:

   1. A) Military-led economic dominance
   2. B) Passive protection of a nation’s own economy
   3. C) Aggressive tariffs to harm other nations
   4. D) Full economic liberalization
      (Answer: B)​

8. Which is a characteristic of classical mercantilism?

   1. A) Emphasis on consumer welfare
   2. B) Dependence on foreign suppliers
   3. C) Export promotion over import
   4. D) Laissez-faire economic policies
      (Answer: C)​

9. Who criticized mercantilism for its inefficiencies in 'The Wealth of Nations'?

   1. A) David Ricardo
   2. B) Alexander Hamilton
   3. C) Adam Smith
   4. D) Friedrich List
      (Answer: C)​

10. The rise of neomercantilism in the 1970s was driven by:

    1. A) Increased isolationism
    2. B) Growing global interdependence
    3. C) Domestic production declines
    4. D) Decline in military funding
       (Answer: B)​
11. Which of the following is a strategic resource often protected under mercantilist policies
1. A) Agriculture
2. B) Consumer electronics
3. C) Oil and rare minerals
4. D) Financial services

                (Answer: C)​