Statement 1: World politics today has four key attributes. First, there are countries or states that are independent and govern themselves. Second, these countries interact with each other through diplomacy. Third, there are international organizations, like the United Nations (UN), that facilitate these interactions. Fourth, beyond simply facilitating meetings between states, international organizations also take on lives of their own, Statement 2: Members of the Security Council exempt for its permanent members are elected by the GA for five-yearterm. a. Statement 1 is correct and statement 2 is false. b. Statement 1 is false and statement 2 is correct. c. Both statements are correct, d. Both statements are false. Statement 1: Although the GA is the most representative organization in the UN, many commentators consider the Security Council (SC) to be the most powerful. According to the UN, this body consists of 15 member states. The GA elects ten of these 15 to three-year terms. The other fivesometimes referred to as the Permanent 5 (P5)are China, France, Russia, the United Kingdom, and the United States. Statement 2: The Washington Consensus dominated global economic policies from the 19805 until the early 20005. Its advocates pushed for minimal government spending to reduce private debt. a) Statement 1 is correct and statement 2 is false. b) Statement 1 is false and statement 2 is correct. c) Both statements are correct. cl) Both statements are false. Statement 1: These days, supercomputers can execute millions of stock purchases and sales between different cities in a matter of seconds through a process called global trading. Statement 2: Today, the world economy operates based on what are called fiat currencies. a. Statement 1 is correct and statement 2 is false. b. Statement 1 is false and statement 2 is correct. c. Both statements are correct. d. Both statements are false. Statement 1: lMF's main purpose was to reduce tariffs and other hindrances to free trade. Statement 2: The Great Depression was the worst and longest recession ever experienced by the Western world. a. Statement 1 is correct and statement 2 is false. b. Statement 1 is false and statement 2 is correct. c. Both statements are correct. d. Both statements are false. Statement 1: The third UN organ is the Economic and Social Council (ECOSOC), which is \"the principal body for coordination, policy review, policy dialogue, and recommendations on social and environmental issues, as well as the implementation of internationally agreed development goals." Statement 2: Despite the initial success of neoliberal politicians like Thatcher and Reagan, the defects of the Washington Consensus became immediately palpable. A good early example is that of post- communist Bulgaria. a) Statement 1 is correct and statement 2 is false. b) Statement 1 is false and statement 2 is correct. c) Both statements are correct. d) Both statements are false. Statement 1: ECOSOC has 54 members elected for twoyear terms. Currently, it is the UN's central platform for discussions on sustainable development. Statement 2: The problem with the household analogy is that governments are not households. For one, governments can print money, while households cannot. Moreover, the constant taxation systems of governments provide them a steady flow of income that allows them to pay and refinance debts steadily. a) Statement 1 is correct and statement 2 is false. b) Statement 1 is false and statement 2 is correct. c) Both statements are correct. d) Both statements are false. Statement 1; According to the IMF, the global per capita GDP rose over five-fold in the first half of the 20th century. Statement 2: Developed countries are often protectionists, as they repeatedly refuse to lift policies that safeguard their primary products that could otherwise be overwhelmed by exports from the developing world. a) Statement 1 is correct and statement 2 is false. b) Statement 1 is false and statement 2 is correct. c) Both statements are correct. d) Both statements are false. Statement 1: Internationalization does not equal globalization, although it is a major part of globalization. Statement 2: Sovereignty is, thus, one of the fundamental principles of modern state politics. a) Statement 1 is correct and statement 2 is false. b) Statement 1 is false and statement 2 is correct. c) Both statements are true d) Both statements are false Statement 1: The Concert of Europe was an alliance of "great powers\" the United Kingdom, Austria, Russia, and Prussiathat sought to restore the world of monarchical, hereditary, and religious privileges of the time before the French Revolution and the Napoleonic Wars. Statement 2: The first major thinker of liberal internationalism was the late 18th century German philosopher Immanuel Kant. a) Statement 1 is correct and statement 2 is false. b) Statement 1 is false and statement 2 is correct. c) Both statements are correct. d) Both statements are false. Statement 1: Economists like Friedman used the economic turmoil to challenge the consensus around Keynes's ideas. What emerged was a new form of economic thinking that critics labeled liberalism. Statement 2: Since there was so much surplus money circulating, the demand for M355 increased as investors clamored for more investment opportunities. In their haste to issue these loans, however, the banks became less discriminating. They began extending loans to families and individuals with dubious credit recordspeople who were unlikely to pay their loans back. These higherisk mortgages became known as "mortgageebacked securities\". a. Statement 1 is correct and statement 2 is false. b. Statement 1 is false and statement 2 is correct. c. Both statements are correct. d. Both statements are false