Question 1

Certain countries remain backward because they nurture superstition and are suspicious of new technology.This argument is based on the ________.

Accepted Answer

A)  culture hypothesis 
B)  geography hypothesis 
C)  capital hypothesis 
D)  location hypothesis 
A)  culture hypothesis 
B)  geography hypothesis 
C)  capital hypothesis 
D)  location hypothesis

Question 2

What is the main reason for the disparity in the growth rates of South Korea and North Korea over the past 60 years?

Accepted Answer

Over the past 60 years,South Korea has b

Question 3

Political creative destruction is likely to be opposed ________.

Accepted Answer

A)  equally in all types of economies 
B)  more in a market economy than in a command economy 
C)  less in an economy with inclusive institutions than in an economy with extractive institutions 
D)  more in an economy with inclusive institutions than in an economy with extractive institutions 
A)  equally in all types of economies 
B)  more in a market economy than in a command economy 
C)  less in an economy with inclusive institutions than in an economy with extractive institutions 
D)  more in an economy with inclusive institutions than in an economy with extractive institutions

Question 4

Differences in the stock of human capital between nations are an example of a(n)________.

Accepted Answer

A)  implicit cause of prosperity 
B)  explicit cause of prosperity 
C)  proximate cause of prosperity 
D)  fundamental cause of prosperity 
A)  implicit cause of prosperity 
B)  explicit cause of prosperity 
C)  proximate cause of prosperity 
D)  fundamental cause of prosperity

Question 5

Which of the following economists first coined the concept of creative destruction?

Accepted Answer

A)  Malthus 
B)  Adam Smith 
C)  Joseph Schumpeter 
D)  Paul Krugman 
A)  Malthus 
B)  Adam Smith 
C)  Joseph Schumpeter 
D)  Paul Krugman

Question 6

If the institutions in an economy limit the legal backup that protects the interests of entrepreneurs,the returns-to-entrepreneurship curve in the economy will ________.

Accepted Answer

A)  shift leftward 
B)  shift rightward 
C)  become horizontal 
D)  become vertical 
A)  shift leftward 
B)  shift rightward 
C)  become horizontal 
D)  become vertical

Certain countries remain backward because they nurture superstition and are suspicious of new technology.This argument is based on the ________.

What is the main reason for the disparity in the growth rates of South Korea and North Korea over the past 60 years?

Political creative destruction is likely to be opposed ________.

Differences in the stock of human capital between nations are an example of a(n)________.

Which of the following economists first coined the concept of creative destruction?

If the institutions in an economy limit the legal backup that protects the interests of entrepreneurs,the returns-to-entrepreneurship curve in the economy will ________.

The Principles and Practice of Economics

Economic Methods and Economic Questions

Optimization: Doing the Best You Can

Demand, Supply, and Equilibrium

The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates

Aggregate Incomes

Economic Growth

Employment and Unemployment

Credit Markets

The Monetary System

Short-Run Fluctuations

Countercyclical Macroeconomic Policy

Macroeconomics and International Trade

Open Economy Macroeconomics

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Exam 8: Why Isn't the Whole World Developed?

Certain countries remain backward because they nurture superstition and are suspicious of new technology.This argument is based on the ________.

What is the main reason for the disparity in the growth rates of South Korea and North Korea over the past 60 years?

Political creative destruction is likely to be opposed ________.

Differences in the stock of human capital between nations are an example of a(n)________.

Which of the following economists first coined the concept of creative destruction?

If the institutions in an economy limit the legal backup that protects the interests of entrepreneurs,the returns-to-entrepreneurship curve in the economy will ________.

The Principles and Practice of Economics

Economic Methods and Economic Questions

Optimization: Doing the Best You Can

Demand, Supply, and Equilibrium

The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates

Aggregate Incomes

Economic Growth

Employment and Unemployment

Credit Markets

The Monetary System

Short-Run Fluctuations

Countercyclical Macroeconomic Policy

Macroeconomics and International Trade

Open Economy Macroeconomics

Filters