Global Economic and Political Structures Quiz

Test your knowledge on international economics, monetary cooperation, trade agreements, and political organizations with this comprehensive quiz.

#1

Which of the following international organizations primarily focuses on promoting monetary cooperation and financial stability?

World Trade Organization (WTO)
International Monetary Fund (IMF)
World Bank
United Nations (UN)
#2

Which international organization is responsible for setting standards and regulations for international air travel?

International Air Transport Association (IATA)
International Civil Aviation Organization (ICAO)
World Tourism Organization (UNWTO)
World Health Organization (WHO)
#3

Which international treaty aims to prevent the spread of nuclear weapons and promote peaceful uses of nuclear energy?

Montreal Protocol
Nuclear Non-Proliferation Treaty (NPT)
Kyoto Protocol
Geneva Conventions
#4

Which economic theory suggests that government spending and taxation policies can influence the economy's performance, especially during recessions?

Keynesian economics
Monetarism
Supply-side economics
Classical economics
#5

Which international organization is responsible for regulating and overseeing the safety of civil aviation worldwide?

International Air Transport Association (IATA)
Federal Aviation Administration (FAA)
European Aviation Safety Agency (EASA)
International Civil Aviation Organization (ICAO)
#6

Who is considered the 'Father of Modern Economics'?

Adam Smith
John Maynard Keynes
Karl Marx
Milton Friedman
#7

Which term describes the economic system where the means of production are owned and controlled by private individuals or corporations for profit?

Socialism
Communism
Capitalism
Mercantilism
#8

Which agreement seeks to reduce greenhouse gas emissions and combat climate change?

Paris Agreement
Kyoto Protocol
Copenhagen Accord
Montreal Protocol
#9

Who is the current Secretary-General of the United Nations (as of 2024)?

António Guterres
Ban Ki-moon
Kofi Annan
Angela Merkel
#10

Which of the following countries is NOT a member of the G7 group of advanced economies?

Germany
Russia
Canada
United Kingdom
#11

Which economic concept refers to a situation where the price of a good increases as the demand for it increases and its supply decreases?

Perfect competition
Monopoly
Inflation
Supply and demand equilibrium
#12

Which term refers to the process of a country's government borrowing money from foreign entities to finance its operations or projects?

Trade deficit
Foreign aid
Budget deficit
Sovereign debt
#13

Who coined the term 'BRICS' to represent the group of emerging economies including Brazil, Russia, India, China, and later South Africa?

Jim O'Neill
Paul Samuelson
Milton Friedman
John Maynard Keynes
#14

Who is considered the 'architect' of the Marshall Plan, which aimed to aid the economic recovery of Western Europe after World War II?

Winston Churchill
Harry Truman
George Marshall
Dwight D. Eisenhower
#15

Which international organization is responsible for coordinating policies and regulations related to international telecommunications?

International Telecommunication Union (ITU)
World Trade Organization (WTO)
United Nations Educational, Scientific and Cultural Organization (UNESCO)
World Bank
#16

Who is known for proposing the 'theory of comparative advantage,' which argues that countries should specialize in producing goods and services in which they have a lower opportunity cost?

Adam Smith
David Ricardo
John Maynard Keynes
Karl Marx

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