Question 1

The bulk of exports from industrial countries are

Accepted Answer

A)  manufactured goods 
B)  primary products 
C)  agricultural goods 
D)  raw materials 
E)  raw sugar products 
A)  manufactured goods 
B)  primary products 
C)  agricultural goods 
D)  raw materials 
E)  raw sugar products

Question 2

On average,more than half the labor force in developing countries works in agriculture,versus only about 3 percent in industrial market countries.

Accepted Answer

A) True 
 B)False

Question 3

Regarding the institutional requirements of efficient markets,

Accepted Answer

A)  Western economic theory ignores the operation of efficient markets 
B)  market economists have an almost perfect understanding 
C)  market economists would never take the necessary institutions for granted 
D)  those involved in a transition from centrally planned economy must develop a deep appreciation 
E)  None of the answers is correct 
A)  Western economic theory ignores the operation of efficient markets 
B)  market economists have an almost perfect understanding 
C)  market economists would never take the necessary institutions for granted 
D)  those involved in a transition from centrally planned economy must develop a deep appreciation 
E)  None of the answers is correct

Question 4

Unemployment is measured primarily in urban areas because in rural areas farm work is usually an outlet for labor.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is true about foreign aid provided by the United States?

Accepted Answer

A)  During the last four decades,the U.S.has provided less than $400 million in aid 
B)  Most U.S.aid has been coordinated by the Department of Defense 
C)  The U.S.Agency for International Development emphasizes short-range plans 
D)  The U.S.Agency for International Development concentrates primarily on health,education,and agriculture 
E)  Foreign aid is large part of the U.S.federal budget 
A)  During the last four decades,the U.S.has provided less than $400 million in aid 
B)  Most U.S.aid has been coordinated by the Department of Defense 
C)  The U.S.Agency for International Development emphasizes short-range plans 
D)  The U.S.Agency for International Development concentrates primarily on health,education,and agriculture 
E)  Foreign aid is large part of the U.S.federal budget

The bulk of exports from industrial countries are

On average,more than half the labor force in developing countries works in agriculture,versus only about 3 percent in industrial market countries.

Regarding the institutional requirements of efficient markets,

Unemployment is measured primarily in urban areas because in rural areas farm work is usually an outlet for labor.

Which of the following is true about foreign aid provided by the United States?

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Elasticity of Demand and Supply

Consumer Choice and Demand

Production and Cost in the Firm

Perfect Competition

Amonopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, interest, and Corporate Finance

Transaction Costs, imperfect Information, and Market Behavior

Economic Regulation and Antitrust Policy

Public Goods and Public Choice

Externalities and the Environment

Income Distribution and Poverty

International Trade

International Finance

Filters

Exam 21: Developing and Transitional Economies

The bulk of exports from industrial countries are

On average,more than half the labor force in developing countries works in agriculture,versus only about 3 percent in industrial market countries.

Regarding the institutional requirements of efficient markets,

Unemployment is measured primarily in urban areas because in rural areas farm work is usually an outlet for labor.

Which of the following is true about foreign aid provided by the United States?

The Art and Science of Economic Analysis

Economic Tools and Economics Systems

Economic Decision Makers

Demand, supply, and Markets

Elasticity of Demand and Supply

Consumer Choice and Demand

Production and Cost in the Firm

Perfect Competition

Amonopoly

Monopolistic Competition and Oligopoly

Resource Markets

Labor Markets and Labor Unions

Capital, interest, and Corporate Finance

Transaction Costs, imperfect Information, and Market Behavior

Economic Regulation and Antitrust Policy

Public Goods and Public Choice

Externalities and the Environment

Income Distribution and Poverty

International Trade

International Finance

Filters