Question 1

A study by the World Bank suggests a strong link in Africa between governments that _____ special-interest groups and _____ rates of economic growth.​

Accepted Answer

A) cater to; high 
B) cater to; moderate 
C) cater to; low 
D) ignore; low 
E) ignore; moderate 
A) cater to; high 
B) cater to; moderate 
C) cater to; low 
D) ignore; low 
E) ignore; moderate C

Question 2

In some developing countries,different exchange rates apply to different categories of transaction,and therefore,_____.​

Accepted Answer

A) the local currency is not easily convertible to foreign currency 
B) the local currency is very easily convertible to foreign currency 
C) the prices of foreign goods fluctuate widely in the domestic markets 
D) the prices of domestic goods fluctuate widely in the foreign markets 
E) domestic investors are more inclined to invest in foreign assets 
A) the local currency is not easily convertible to foreign currency 
B) the local currency is very easily convertible to foreign currency 
C) the prices of foreign goods fluctuate widely in the domestic markets 
D) the prices of domestic goods fluctuate widely in the foreign markets 
E) domestic investors are more inclined to invest in foreign assets A

Question 3

Workers are less productive in poor countries because:​

Accepted Answer

A) the wealthy minority invests in stable foreign economies. 
B) the government invests in stocks and bonds. 
C) more than half of the population consists of people above 65 years of age. 
D) they prefer leisure over work. 
E) the government provides for unemployment benefits that make workers less willing to work. 
A) the wealthy minority invests in stable foreign economies. 
B) the government invests in stocks and bonds. 
C) more than half of the population consists of people above 65 years of age. 
D) they prefer leisure over work. 
E) the government provides for unemployment benefits that make workers less willing to work. A

Question 4

Throughout the world,poverty is found to be greater among men than women.​

Accepted Answer

A) True 
 B)False

Question 5

Foreign aid includes:​

Accepted Answer

A) grants and loans extended on more favorable repayment terms than the recipient could normally secure. 
B) only loans with strict repayment terms. 
C) only grants which have to be repaid on some predetermined date. 
D) the transfer of money by an overseas worker to his family. 
E) medical equipment sent by a foreign country during times of need. 
A) grants and loans extended on more favorable repayment terms than the recipient could normally secure. 
B) only loans with strict repayment terms. 
C) only grants which have to be repaid on some predetermined date. 
D) the transfer of money by an overseas worker to his family. 
E) medical equipment sent by a foreign country during times of need.

Question 6

Because of disappointment with the results of government aid,the trend is to _____.​

Accepted Answer

A) stop accepting outside aid altogether 
B) channel funds through profit-making organizations 
C) channel funds through private investors 
D) become the donor country from being the recipient country 
E) channel funds through private non-profit agencies 
A) stop accepting outside aid altogether 
B) channel funds through profit-making organizations 
C) channel funds through private investors 
D) become the donor country from being the recipient country 
E) channel funds through private non-profit agencies

Question 7

Labor productivity depends on:​

Accepted Answer

A) the effectiveness of government. 
B) the size of the economy. 
C) the proportion of the labor force that is unionized. 
D) the amount of natural resources. 
E) the risks taken by an entrepreneur. 
A) the effectiveness of government. 
B) the size of the economy. 
C) the proportion of the labor force that is unionized. 
D) the amount of natural resources. 
E) the risks taken by an entrepreneur.

Question 8

The country of Yipi can raise its productivity by investing more in:​

Accepted Answer

A) both human and physical capital. 
B) human capital only. 
C) physical capital only. 
D) stable foreign economies. 
E) stocks and bonds rather than physical assets. 
A) both human and physical capital. 
B) human capital only. 
C) physical capital only. 
D) stable foreign economies. 
E) stocks and bonds rather than physical assets.

Question 9

Not much of foreign aid now flows through private channels.​

Accepted Answer

A) True 
 B)False

Question 10

The bulk of exports from developing countries is:​

Accepted Answer

A) manufactured goods. 
B) primary products. 
C) services. 
D) intermediate goods only. 
E) capital equipment only. 
A) manufactured goods. 
B) primary products. 
C) services. 
D) intermediate goods only. 
E) capital equipment only.

Question 11

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?​

Accepted Answer

A) They have focused on developing new technologies rather than adopting the technologies. 
B) Birth rates in these economies are double than those in the richer countries. 
C) They have focused on the production of export-oriented goods. 
D) The manufacturing sector contributes the most to their national income. 
E) They have invested heavily in human capital. 
A) They have focused on developing new technologies rather than adopting the technologies. 
B) Birth rates in these economies are double than those in the richer countries. 
C) They have focused on the production of export-oriented goods. 
D) The manufacturing sector contributes the most to their national income. 
E) They have invested heavily in human capital.

Question 12

Migration has no advantage for poor countries.​

Accepted Answer

A) True 
 B)False

Question 13

The bulk of exports from developed countries consists of:​

Accepted Answer

A) manufactured goods. 
B) education and technology. 
C) agricultural products. 
D) raw materials. 
E) services like banking and insurance. 
A) manufactured goods. 
B) education and technology. 
C) agricultural products. 
D) raw materials. 
E) services like banking and insurance.

Question 14

Many developing countries were once under colonial rule,a system of government that:​

Accepted Answer

A) offered the local population large opportunities to develop entrepreneurial skills. 
B) offered the local population fewer opportunities to develop entrepreneurial skills. 
C) did not offer any opportunity to the local population to develop entrepreneurial skills. 
D) believed in a free-market economy. 
E) offered immigrants opportunities to become entrepreneurs. 
A) offered the local population large opportunities to develop entrepreneurial skills. 
B) offered the local population fewer opportunities to develop entrepreneurial skills. 
C) did not offer any opportunity to the local population to develop entrepreneurial skills. 
D) believed in a free-market economy. 
E) offered immigrants opportunities to become entrepreneurs.

Question 15

In the event of a trade deficit,a developing country will most likely not cut imports of:​

Accepted Answer

A) defense equipment. 
B) services like insurance. 
C) capital equipment. 
D) food items. 
E) electronic goods. 
A) defense equipment. 
B) services like insurance. 
C) capital equipment. 
D) food items. 
E) electronic goods.

Question 16

Which of the following strategies emphasizes free trade?​

Accepted Answer

A) Nationalization of industries 
B) Promotion of exports 
C) Higher export tariff 
D) Higher import tariff 
E) Higher quota restriction 
A) Nationalization of industries 
B) Promotion of exports 
C) Higher export tariff 
D) Higher import tariff 
E) Higher quota restriction

Question 17

A few diseases that can become epidemics in poor countries are well controlled in industrial countries.​

Accepted Answer

A) True 
 B)False

Question 18

Laws,customs,conventions,and other institutional elements that sustain an economy fall under the category of:​

Accepted Answer

A) the rules of the game. 
B) human capital. 
C) natural resources. 
D) financial institutions. 
E) capital infrastructure. 
A) the rules of the game. 
B) human capital. 
C) natural resources. 
D) financial institutions. 
E) capital infrastructure.

Question 19

Labor productivity depends on:​

Accepted Answer

A) the quality of labor. 
B) the volume of imports. 
C) the size of an economy. 
D) the volume of exports. 
E) the proportion of the labor force that is unionized. 
A) the quality of labor. 
B) the volume of imports. 
C) the size of an economy. 
D) the volume of exports. 
E) the proportion of the labor force that is unionized.

Question 20

People can make better use of resources if they _____.​

Accepted Answer

A) have inherited family wealth 
B) are living in developed countries 
C) are a part of the government 
D) are educated 
E) have invested in stocks and bonds in other nations 
A) have inherited family wealth 
B) are living in developed countries 
C) are a part of the government 
D) are educated 
E) have invested in stocks and bonds in other nations

A study by the World Bank suggests a strong link in Africa between governments that _ special-interest groups and _ rates of economic growth.

In some developing countries,different exchange rates apply to different categories of transaction,and therefore,_____.

Workers are less productive in poor countries because:

Throughout the world,poverty is found to be greater among men than women.

Foreign aid includes:

Because of disappointment with the results of government aid,the trend is to _____.

Labor productivity depends on:

The country of Yipi can raise its productivity by investing more in:

Not much of foreign aid now flows through private channels.

The bulk of exports from developing countries is:

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?

Migration has no advantage for poor countries.

The bulk of exports from developed countries consists of:

Many developing countries were once under colonial rule,a system of government that:

In the event of a trade deficit,a developing country will most likely not cut imports of:

Which of the following strategies emphasizes free trade?

A few diseases that can become epidemics in poor countries are well controlled in industrial countries.

Laws,customs,conventions,and other institutional elements that sustain an economy fall under the category of:

Labor productivity depends on:

People can make better use of resources if they _____.

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

International Finance

Filters

Exam 19: Economic Development

A study by the World Bank suggests a strong link in Africa between governments that _____ special-interest groups and _____ rates of economic growth.​

In some developing countries,different exchange rates apply to different categories of transaction,and therefore,_____.​

Workers are less productive in poor countries because:​

Throughout the world,poverty is found to be greater among men than women.​

Foreign aid includes:​

Because of disappointment with the results of government aid,the trend is to _____.​

Labor productivity depends on:​

The country of Yipi can raise its productivity by investing more in:​

Not much of foreign aid now flows through private channels.​

The bulk of exports from developing countries is:​

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?​

Migration has no advantage for poor countries.​

The bulk of exports from developed countries consists of:​

Many developing countries were once under colonial rule,a system of government that:​

In the event of a trade deficit,a developing country will most likely not cut imports of:​

Which of the following strategies emphasizes free trade?​

A few diseases that can become epidemics in poor countries are well controlled in industrial countries.​

Laws,customs,conventions,and other institutional elements that sustain an economy fall under the category of:​

Labor productivity depends on:​

People can make better use of resources if they _____.​

The Art and Science of Economic Analysis

Economic Tools and Economic Systems

Economic Decision Makers

Demand, supply, and Markets

Introduction to Macroeconomics

Tracking the Useconomy

Unemployment and Inflation

Productivity and Growth

Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

Macro Policy Debate: Active or Passive

International Trade

International Finance

Filters

A study by the World Bank suggests a strong link in Africa between governments that _ special-interest groups and _ rates of economic growth.

In some developing countries,different exchange rates apply to different categories of transaction,and therefore,_____.

Workers are less productive in poor countries because:

Throughout the world,poverty is found to be greater among men than women.

Foreign aid includes:

Because of disappointment with the results of government aid,the trend is to _____.

Labor productivity depends on:

The country of Yipi can raise its productivity by investing more in:

Not much of foreign aid now flows through private channels.

The bulk of exports from developing countries is:

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?

Migration has no advantage for poor countries.

The bulk of exports from developed countries consists of:

Many developing countries were once under colonial rule,a system of government that:

In the event of a trade deficit,a developing country will most likely not cut imports of:

Which of the following strategies emphasizes free trade?

A few diseases that can become epidemics in poor countries are well controlled in industrial countries.

Laws,customs,conventions,and other institutional elements that sustain an economy fall under the category of:

Labor productivity depends on:

People can make better use of resources if they _____.