Question 1

According to free market capitalism,free markets lead to all of the following except

Accepted Answer

Free market capitalism primarily focuses on economic aspects such as efficiency, innovation, and consumer choice, rather than directly influencing nationalism. Nationalism is more related to cultural and political identity than to economic systems.

Question 2

Describe one positive effort of the World Bank and IMF and one negative aspect.

Accepted Answer

One positive contribution has been loans to developing nations to increase their economy.They have helped when they have given consideration to the particular needs and conditions of the country being aided.One negative result is that they have sometimes increased their debt and dependence on richer nations.They have often harmed the countries when they have not sufficiently recognized that one size does not fit all.

Question 3

Which of the following Nobel Prize winners argues that persistent problems in developing nations have been the result of "textbook economic reasoning" and ideological support of strict capitalism by international financial institutions such as the World Bank?

Accepted Answer

Joseph Stiglitz is a Nobel Prize winner in economics who has criticized international financial institutions such as the World Bank for promoting strict capitalism and market-oriented policies that have led to persistent problems in developing nations. He argues that these institutions have relied too heavily on "textbook economic reasoning" rather than taking into account the complex social and political realities of these countries.

Question 4

What does Franz Fanon argue to be the cause of poverty in his work,The Wretched of the Earth?

Accepted Answer

The answer of What does Franz Fanon argue to be...

Question 5

As of 2011,about how large was the world's human population,and about how long will it take to add another billion?

Accepted Answer

As of 2011, the world's human population was around 7 billion and it is expected to reach 8 billion by 2025. Therefore, option B is the correct answer.

Question 6

One significant difference between matters of charity and matters of justice is that the former is more flexible or optional than the latter.

Accepted Answer

Matters of justice involve upholding certain rights and principles, while matters of charity involve giving voluntarily to help those in need. While charity is important, it is not always mandatory in the way that matters of justice are.

Question 7

Use the two concepts of justice,the process view and the end state view,to discuss the ethical problem of economic justice on a world wide level.

Accepted Answer

The answer of Use the two concepts of justice,the process...

Question 8

Which ethical theory is closest to Peter Singer's when it comes to famine relief?

Accepted Answer

Peter Singer's approach to famine relief is primarily utilitarian, as he advocates for actions that maximize overall well-being and minimize suffering. He argues that individuals and governments have a moral obligation to intervene in cases of extreme poverty and famine, even if this requires sacrificing some individual liberties or resources. His emphasis on the importance of calculating outcomes and promoting the greatest good for the greatest number aligns closely with utilitarianism.

Question 9

Among the indicators of economic development of a country are standard of living,life expectancy,and literacy.

Accepted Answer

Standard of living, life expectancy, and literacy are commonly used indicators of economic development in a country.

Question 10

It is clear that globalization has contributed more to stability and peace than to dissention and conflict around the world.

Accepted Answer

Globalization has both positive and negative impacts on stability and peace. While it has promoted economic growth, interdependence, and cultural exchange, it has also contributed to economic disparities, cultural homogenization, and sometimes exacerbated conflicts over resources and identity, making it difficult to assert that it has contributed more to stability and peace than to dissention and conflict globally.

Question 11

Technological advancements are

Accepted Answer

Technological advancements have led to greater economic growth in developed nations that have the resources to invest in research and development, which can widen the economic gap between those nations and poorer countries that do not have the same resources. This has been a major concern for international development organizations and policymakers, who seek to find ways to ensure that technological advancements are spread more evenly across the globe.

Question 12

According to Franz Fanon,what is the cause of poverty in many of the world's poorest countries?

Accepted Answer

Franz Fanon believed that the cause of poverty in many of the world's poorest countries is rooted in colonialism, which he viewed as a system of exploitation and oppression that stripped resources and wealth from colonized nations and transferred them to their colonizers. Therefore, choice C, colonialism, is the best answer. Democracy, communism, and corruption may exacerbate poverty, but they are not the root cause according to Fanon's analysis.

Question 13

Self interest rationales for helping develop poorer countries include all the following except

Accepted Answer

Creating opportunity for indigenous peoples is not a self-interest rationale for helping develop poorer countries; it is more altruistic, focusing on the benefits to the people in those countries rather than how it benefits one's own country.

Question 14

One of the ways to evaluate ethically the policies of the IMF and World Bank is whether they have done more good than harm or the opposite.

Accepted Answer

Evaluating the policies of the IMF and World Bank based on their overall impact is a valid ethical evaluation approach. By considering whether their policies have resulted in more benefits or harms, one can assess whether their actions align with ethical principles of promoting the greater good and reducing harm.

Question 15

According to Peter Singer,helping people in famine ridden countries and areas is a matter of charity not obligation or duty.

Accepted Answer

Peter Singer argues that helping people in famine ridden countries and areas is not just a matter of charity, but a moral obligation or duty for those who are able to help. He claims that we have a duty to prevent bad things from happening and to promote good things, and that allowing people to die from preventable causes like starvation is a moral failure.

Question 16

The gap between rich and poor nations has greatly narrowed over the last 3 decades.

Accepted Answer

The gap between rich and poor nations has actually widened over the last 3 decades. While some developing countries have made progress, the wealthiest countries continue to dominate the global economy and have seen their wealth increase at a much faster rate than developing countries.

Question 17

Which of the following is not mentioned as a result of the World Bank and the International Monetary Fund?

Accepted Answer

The article does not mention the World Bank and the International Monetary Fund leading to international terrorism. The other options are mentioned as negative results of their actions.

Quiz 20: Global Issues and Globalization