Category: POL223 0 POL223 1 / 50 A. In a capitalist society _________ is bigger between actual economic surplus and potential economic surplus Check 2 / 50 B. Which of these is not among the motivations of multinational corporations? 1. search for protected markets 2. equalisation of labour gains 3. search for profitable investment outlets for surplus capital 4. control of sources of raw materials 3 / 50 C. __________ constitutes the decisive factor of the production process 1. land 2. machine 3. raw material 4. human labour 4 / 50 D. Lenin described imperialism as _________ stage of capitalism Check 5 / 50 E. The 17th century globalization was in form of ________ Check 6 / 50 F. King Leopold of Belgium is said to have reduced the population of Congo to 10 million from ________ million within a decade Check 7 / 50 G. _________ first argued that the national wealth was maintained not through the accumulation of gold and silver but through the capital and goods, they could buy Check 8 / 50 H. Contemporary globalization is said to be _________ based 1. colonialism 2. trade 3. information 4. power based 9 / 50 I. In the international capitalist division of labour manufacturing is monopolized by ___________ 1. African countries 2. South American industries 3. Industrialized capitalist countries 4. cheap labour countries of Asia 10 / 50 J. Marx believed that the class conflict between the capitalist and proletariat would lead to ________ Check 11 / 50 K. ________ was the first European colonial power in Africa Check 12 / 50 L. Another name for the International Bank for Reconstruction and Development is ___________ Check 13 / 50 M. Ander Gunder Frank maintained that the developed capitalist countries were never underdeveloped rather they were at a point __________ Check 14 / 50 N. ________ exploits the metropolitan centre of the underdeveloped country Check 15 / 50 O. Internationalisation of knowledge; open policies with respect to international trade are said to be examples of mechanisms of ____________ Check 16 / 50 P. Nkrumah conceived _________ as the embodiment of Clientele sovereignty or fake independence Check 17 / 50 Q. Ander Gunder Frank held there is no _________ rather what exists as such are simply sector of global capitalist economy Check 18 / 50 R. IMF, World Bank, GAAT are examples of ________ Check 19 / 50 S. ________ is regarded as the long-term direction of all social change Check 20 / 50 T. The establishment of IMF was based on the suggestion of _________ 1. Richardo 2. Marx 3. Kant 4. Keynes 21 / 50 U. The British colonization of Nigeria began with the conquest of ________ Check 22 / 50 V. Critics maintain that emergent international monetary system exist to respond to the needs and policies of world ________ Check 23 / 50 W. The First Afro-Asian and Latin American People’s Solidarity Conference was held in 1966 in the city of ______ Check 24 / 50 X. _____________ outlined five stages which societies pass through on their way to development Check 25 / 50 Y. What is regarded as periphery in the dependency theory is also known as _________ Check 26 / 50 Z. The development which meets the needs of the present without compromising the ability of future generations to meet their own needs is known as _________ Check 27 / 50 AA. Colonialism was considered as the logical consequence of the end of __________ 1. feudalism 2. slave trade 3. communism 4. capitalism 28 / 50 AB. __________ held that the national metropole also exploit the national satellite Check 29 / 50 AC. Taubman Goldie's strategy for eliminating Africans from the lucrative trade in the Niger Delta was through ___________ 1. stationing of colonial armies in the markets 2. patrol of hinterlands 3. Imposition of high tax 4. cultivation of cash crops unknown to Africans 30 / 50 AD. ________ exercise political power in neo-colonial states 1. neo-monarchs 2. kings 3. dictators 4. former colonial powers 31 / 50 AE. ___________ argued that one of the contradictions of capitalism is that while the surplus is produced by many it is appropriated by few 1. Baran 2. Frank 3. Amir 4. Smith 32 / 50 AF. Nkrumah defined _______ as the last stage of imperialism 1. colonialism 2. capitalism 3. neo-colonialism 4. slavery 33 / 50 AG. Business conglomerates that have their operations across national boundaries are called _______________ Check 34 / 50 AH. _________ is regarded as religion without a god 1. feudalism 2. slave trade 3. communism 4. capitalism 35 / 50 AI. Man's inclination to injustice makes democracy __________ Check 36 / 50 AJ. The owners of the means of production, that is, the propertied class in a capitalist society are called ___________ 1. employers 2. the land lords 3. the bourgeioisie 4. entrepreneurs 37 / 50 AK. ________ is regarded as the foreign political domination and subordination of oversea territories for effective economic exploitation Check 38 / 50 AL. The end of the ___________ resulted in the first international monetary system Check 39 / 50 AM. Which of the following is not among the indicators of development 1. high number of religious people 2. high level of technology 3. low mortality rate 4. high calorie intake 40 / 50 AN. Intellectual precursors of classical political economy includes all but one, namely? 1. Fredrich Engel 2. David Richardo 3. Thomas Malthus 4. Adam Smith 41 / 50 AO. Globalization of capital is said to date back to the _________ era 1. ancient 2. communist 3. colonial 4. medieval 42 / 50 AP. The first international monetary system was based on ________ and _________ 1. silver and pounds sterlings 2. commodity and silver 3. sterlings gold and silver 4. gold and pounds 43 / 50 AQ. The second trend in the understanding of developement focused on ________ 1. industrialization 2. basic needs 3. education 4. agriculture 44 / 50 AR. Prior to 1960 which currency was upgraded as gold for reserve currency? 1. German Mark 2. British Pounds 3. US dollar 4. Japanese Yen 45 / 50 AS. The conclusion that each historical epochs contains clashing forces or dialectics from which new epochs emerged was arrived at by _______ Check 46 / 50 AT. According to Karl Marx, all commodity value is determined by ________ 1. laws of demand and supply 2. labour content 3. law of supply 4. law of demand 47 / 50 AU. The drive to accumulate _________ is responsible for exploitation of the satellite by the metropole Check 48 / 50 AV. The bloody, one-sided war to enthrone and sustain imperialism was described by Otto Von Bismarck as _______ Check 49 / 50 AW. The economic strategy underlying the relationship between colonies and colonizers during this era of classical imperialism is regarded as ________ Check 50 / 50 AX. Ander Gunder Frank maintained that economic development in the periphery can only occur independent of __________ 1. third world relationship with communist nations 2. surplus investement on agriculture 3. the capitalist relationship with the metropole. 4. surplus investment on manufacturing Restart quiz Rate this quiz Send feedback