Question 1

A Pareto-optimal outcome is the best possible outcome for a prisoner in prisoners' dilemma.

Accepted Answer

While a Pareto-optimal outcome is a desirable outcome in game theory, it may not necessarily be the best possible outcome for a prisoner in a prisoners' dilemma. In a prisoners' dilemma, each prisoner's best individual outcome is to defect, even though both being cooperative would lead to a Pareto-optimal outcome.

Question 2

Regime studies tend to be less state-centric than governance studies.

Accepted Answer

Regime studies often focus on the formal and informal institutions, rules, and norms that govern behavior within states, making them more state-centric. Governance studies, on the other hand, encompass a broader range of actors including non-state actors and processes at multiple levels, making them less state-centric.

Question 3

In two-level game theory, negotiators may have weaker bargaining positions if they are not subject to strong domestic pressures.

Accepted Answer

In two-level game theory, negotiators are not only negotiating with each other, but also with their domestic constituents. If negotiators do not have strong domestic pressures pushing their bargaining positions, they may have weaker negotiation outcomes as they lack the leverage to make credible commitments during the negotiations.

Question 4

Friedrich Von Hayek's critique of interventionism reached a wide audience by the 1960s.

Accepted Answer

The answer of Friedrich Von Hayek's critique of interventionism reached...

Question 5

Most modernization theorists were deterministic, advising the South to follow the same path to development as the North.

Accepted Answer

Most modernization theorists believed in a linear path of development and suggested that developing countries should follow the same path taken by industrialized countries in the North.

Question 6

Theorists that promote "negative freedom" are known as __________________ liberals.

Accepted Answer

The answer of Theorists that promote "negative freedom" are known...

Question 7

Early liberal writing expects that __________order arises because of the self-interest of individuals.

Accepted Answer

The answer of Early liberal writing expects that __________order arises...

Question 8

Karl Polanyi believed that the orthodox liberal commitment to the ________________ market produced such disasters as the Great Depression.

Accepted Answer

The answer of Karl Polanyi believed that the orthodox liberal...

Question 9

In an _______________ relationship, transactions have reciprocal (but not necessarily symmetrical) costly effects.

Accepted Answer

The answer of In an _______________ relationship, transactions have reciprocal...

Question 10

John Gerard Ruggie coined the term______________ in reference to the postwar balance between an open liberal international economy, and societal efforts to promote domestic security and stability for individuals.

Accepted Answer

The answer of John Gerard Ruggie coined the term______________ in...

Question 11

The best collective outcome in prisoners' dilemma is a _____________optimal outcome.

Accepted Answer

The answer of The best collective outcome in prisoners' dilemma...

Question 12

International______________are principles, norms, rules, and decision-making procedures around which actors' expectations converge in an area of international relations.

Accepted Answer

The answer of International______________are principles, norms, rules, and decision-making procedures...

Question 13

Robert Putnam coined the term______________ games in reference to the interaction between a state's international interests and obligations on the one hand, and domestic interactions within the state on the other.

Accepted Answer

The answer of Robert Putnam coined the term______________ games in...

Question 14

What are the similarities and differences between orthodox and interventionist liberalism? Using a concrete example of a global trade or financial issue, such as the renegotiation of the USMCA, trace out how each would seek to resolve it.

Accepted Answer

The answer of What are the similarities and differences between...

Question 15

Consider and expose the fundamental roots of the liberal tradition in terms of its view of human nature and how society should be organized in regard to the economy. What are the positives and negatives of its emphasis on individual freedom? Try to use concrete examples.

Accepted Answer

The answer of Consider and expose the fundamental roots of...

Question 16

How did Keynes justify government intervention through "pump priming?" Do you agree with his reasoning, or that of the monetarists and why? Use a recent event, such as the 2008 financial crisis as a test case.4) Why did neoliberalism emerge? How does it differ from the liberalism of Adam Smith? What predictions did Friedman make in regard to the relationship of economic and political freedom and why or why not has it held up to the test of time?

Accepted Answer

The answer of How did Keynes justify government intervention through...

Question 17

Why did Ruggie's "embedded liberalism" become so important after World War II, and what are the implications for the state's role? What are the implications for the management of global trade and finance?

Accepted Answer

The answer of Why did Ruggie's "embedded liberalism" become so...

Question 18

Do you buy the fundamental argument behind interdependence? Is there evidence for it happening over time? Take a pair of countries or regions and see whether the implications of increasing or decreasing trade support the interdependence paradigm.

Accepted Answer

The answer of Do you buy the fundamental argument behind...

Question 19

How does prisoners' dilemma demonstrate "collective action problems"? How and why do neomercantilists and liberals differ in their views regarding the possibilities for cooperation under prisoners' dilemma?

Accepted Answer

The answer of How does prisoners' dilemma demonstrate "collective action...

Question 20

What are the major strengths and shortcomings of regime theory? Do you think that global governance is a more useful concept than regimes and why?

Accepted Answer

The answer of What are the major strengths and shortcomings...

Quiz 4: Liberalism