Exam 21: Developing and Transitional Economies

If the centrally planned economy of Rowboat dismantles central controls before institutions such as property rights are in place,instability will most likely result.

Economic systems can be classified based on

Socialist enterprises that are faced with a soft budget constraint have no incentive to become more efficient.

Privatization requires

The economic system that includes private ownership of most resources and the coordination of economic activity by price signals generated by market forces is

There is no unified economic theory of how to construct the institutions that are central to the success of capitalism.

The first step in gradualism is

Which of the following is not true about migration?

Which of the following can help shape the incentive structure of the country of Gammaland?

Which of the following is incorrect regarding per capita income in 2005 for United States,China,and Nigeria?

Which of the following groups has the lowest life expectancy at birth?

Developing countries must confront industrial countries' trade restrictions,such as tariffs and quotas.

If the best and brightest engineers and doctors migrate from a poor country to a developed country,both countries benefit from the brain drain.

Foreign aid often becomes a source of discretionary funds that benefit poor people in developing countries and not the countries' leaders.

Which of the following is not a country that has more people over the age of 65 than under the age of 15?

One example of gradualism is taking place in

Throughout the world,poverty is greater among women than men,particularly women who head households.

Privatization is the

There is a tremendous range in productive performance around the world.

Soft budget constraints will lead to