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GPE Final (test 4) practice exam
questions
1.
Free trade is known
to::
Increase eflciency and raise living standards
2.
How did China benefit from WTO membership?: Taritt-free exports while
limiting
imports
3.
What
is
'Pax
Americana'
known
for?:
A rules-based global system led by the US
after WWII
4.
What is a negative impact of tariffs?: Reduced consumer
choices
5. What issue did the US face with increased imports from China?:
Current account
deficit
6. What type of AI data is based on user clicks and business
transactions?: Busi-
ness AI data
7. What was one economic expectation of supporting China's WTO
member-
ship?:
China would democratize and Westernize
8. Which US companies are major corporate data collectors?: Google,
Amazon, Face-
book, Uber
9.
Which argument is used against protectionism?: Leads to ineflciency and
misallocated
resources
10. Which best describes the AI race between the US and China?: A
bipolar competition
based on data and infrastructure
11.
Which country collects AI-related data directly through state
involvement?-
:
China
12.
Which country has more phone internet users than the
US and Europe
combined?: China
13. Which is NOT a benefit of protectionism?: Increased
competition
14.
Which is a core weakness of tariffs?: Higher prices for
consumers
15. Which is a long-term negative of tariffs?: Harm to economic growth
16. Which of the following best defines economic protectionism?:
