Question 1

A primary requirement for development is:

Accepted Answer

A) government control over the production of essential consumer products. 
B) government control over the distribution of natural resources. 
C) a high confidence in foreign currency. 
D) a low and predictable inflation rate that encourages saving. 
E) printing money to finance a large proportion of public outlays. 
A) government control over the production of essential consumer products. 
B) government control over the distribution of natural resources. 
C) a high confidence in foreign currency. 
D) a low and predictable inflation rate that encourages saving. 
E) printing money to finance a large proportion of public outlays.

Question 2

In general,it can be asserted that foreign aid promotes economic development.

Accepted Answer

A) True 
 B)False

Question 3

The World Bank estimates GNI per capita and then adjusts figures across countries based on _____.

Accepted Answer

A) the population rate in each country 
B) the unemployment rate in each country 
C) the purchasing power of the income in each country 
D) the inflation rate in each country 
E) the consumer price index in each country 
A) the population rate in each country 
B) the unemployment rate in each country 
C) the purchasing power of the income in each country 
D) the inflation rate in each country 
E) the consumer price index in each country

Question 4

Countries that are technologically backward can grow faster by _____.

Accepted Answer

A) developing new technologies 
B) adopting existing technologies 
C) adopting the policy of import substitution 
D) focusing more on the agricultural sector 
E) not accepting aid from abroad 
A) developing new technologies 
B) adopting existing technologies 
C) adopting the policy of import substitution 
D) focusing more on the agricultural sector 
E) not accepting aid from abroad

Question 5

Which of the following groups of countries has the highest incidence of HIV/AIDS?

Accepted Answer

A) Continental European countries 
B) The Baltic countries 
C) The Nordic countries 
D) Sub-Saharan African countries 
E) Middle Eastern countries 
A) Continental European countries 
B) The Baltic countries 
C) The Nordic countries 
D) Sub-Saharan African countries 
E) Middle Eastern countries

Question 6

Most countries have received foreign aid for industrialization.

Accepted Answer

A) True 
 B)False

Question 7

The practice of financing a large fraction of public outlay by printing money leads to deflation.

Accepted Answer

A) True 
 B)False

Question 8

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 9

Which of the following countries has a limited stock of natural resources?

Accepted Answer

A) United Arab Emirates 
B) Chad 
C) Qatar 
D) Kuwait 
E) Bahrain 
A) United Arab Emirates 
B) Chad 
C) Qatar 
D) Kuwait 
E) Bahrain

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

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 12

Successful development is time-consuming and gradually moves toward free markets.

Accepted Answer

A) True 
 B)False

Question 13

International loans extended at favorable repayment terms have temporarily raised the living standard in some developing countries but:

Accepted Answer

A) have not necessarily increased their ability to become self-supporting at that higher standard of living. 
B) have also dislodged corrupt governments from power. 
C) have never become a source of discretionary funding that benefits unintended beneficiaries. 
D) have never insulated public officials from their own incompetence. 
E) have also helped most countries achieve industrial status. 
A) have not necessarily increased their ability to become self-supporting at that higher standard of living. 
B) have also dislodged corrupt governments from power. 
C) have never become a source of discretionary funding that benefits unintended beneficiaries. 
D) have never insulated public officials from their own incompetence. 
E) have also helped most countries achieve industrial status.

Question 14

Foreign aid which goes through international bodies such as the World Bank is known as _____.

Accepted Answer

A) unilateral transfer 
B) multilateral assistance 
C) bilateral assistance 
D) remittance 
E) government assistance 
A) unilateral transfer 
B) multilateral assistance 
C) bilateral assistance 
D) remittance 
E) government assistance

Question 15

Countries with a high level of human capital can make up for other shortcomings,such as destruction caused due to war.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following is not an example of foreign aid?

Accepted Answer

A) U.S.discount stores purchasing toys from Chinese manufacturers 
B) The International Monetary Fund extending loans to countries that have trouble with their balance of payments 
C) The World Bank providing loans and grants to support health and education programs 
D) The U.S.government providing funds to build an electricity plant in Albania 
E) The Australian government providing funds to repair highways in Tonga 
A) U.S.discount stores purchasing toys from Chinese manufacturers 
B) The International Monetary Fund extending loans to countries that have trouble with their balance of payments 
C) The World Bank providing loans and grants to support health and education programs 
D) The U.S.government providing funds to build an electricity plant in Albania 
E) The Australian government providing funds to repair highways in Tonga

Question 17

Studies by the World Bank have emphasized that countries that have adopted trade liberalization policies have been successful.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following countries has the highest infant mortality rate?

Accepted Answer

A) Japan 
B) The Congo 
C) The United States 
D) Norway 
E) Germany 
A) Japan 
B) The Congo 
C) The United States 
D) Norway 
E) Germany

Question 19

For the newly industrialized countries of East Asia,export promotion has been more successful than import substitution.

Accepted Answer

A) True 
 B)False

Question 20

A disadvantage of foreign aid is that:

Accepted Answer

A) it leads to a decline in the standard of living in donor countries. 
B) it leads to the disinvestment of public sector industries in the recipient countries. 
C) the agricultural sectors of recipient countries experience surplus output. 
D) government officials are insulated from their own incompetence. 
E) it leads to hyperinflation in the recipient countries. 
A) it leads to a decline in the standard of living in donor countries. 
B) it leads to the disinvestment of public sector industries in the recipient countries. 
C) the agricultural sectors of recipient countries experience surplus output. 
D) government officials are insulated from their own incompetence. 
E) it leads to hyperinflation in the recipient countries.

A primary requirement for development is:

In general,it can be asserted that foreign aid promotes economic development.

The World Bank estimates GNI per capita and then adjusts figures across countries based on _____.

Countries that are technologically backward can grow faster by _____.

Which of the following groups of countries has the highest incidence of HIV/AIDS?

Most countries have received foreign aid for industrialization.

The practice of financing a large fraction of public outlay by printing money leads to deflation.

The bulk of exports from developed countries consists of:

Which of the following countries has a limited stock of natural resources?

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

Foreign aid includes:

Successful development is time-consuming and gradually moves toward free markets.

International loans extended at favorable repayment terms have temporarily raised the living standard in some developing countries but:

Foreign aid which goes through international bodies such as the World Bank is known as _____.

Countries with a high level of human capital can make up for other shortcomings,such as destruction caused due to war.

Which of the following is not an example of foreign aid?

Studies by the World Bank have emphasized that countries that have adopted trade liberalization policies have been successful.

Which of the following countries has the highest infant mortality rate?

For the newly industrialized countries of East Asia,export promotion has been more successful than import substitution.

A disadvantage of foreign aid is that:

The Art and Science of Economic Analysis

Some Tools of Economic Analysis

Economic Decision Makers

Demand, Supply, and Markets

Introduction to Macroeconomics

Tracking the U S Economy

Unemployment and Inflation

Us 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

The Policy Debate: Active or Passive

International Trade

International Finance

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Exam 19: Economic Development

A primary requirement for development is:

In general,it can be asserted that foreign aid promotes economic development.

The World Bank estimates GNI per capita and then adjusts figures across countries based on _____.

Countries that are technologically backward can grow faster by _____.

Which of the following groups of countries has the highest incidence of HIV/AIDS?

Most countries have received foreign aid for industrialization.

The practice of financing a large fraction of public outlay by printing money leads to deflation.

The bulk of exports from developed countries consists of:

Which of the following countries has a limited stock of natural resources?

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

Foreign aid includes:

Successful development is time-consuming and gradually moves toward free markets.

International loans extended at favorable repayment terms have temporarily raised the living standard in some developing countries but:

Foreign aid which goes through international bodies such as the World Bank is known as _____.

Countries with a high level of human capital can make up for other shortcomings,such as destruction caused due to war.

Which of the following is not an example of foreign aid?

Studies by the World Bank have emphasized that countries that have adopted trade liberalization policies have been successful.

Which of the following countries has the highest infant mortality rate?

For the newly industrialized countries of East Asia,export promotion has been more successful than import substitution.

A disadvantage of foreign aid is that:

The Art and Science of Economic Analysis

Some Tools of Economic Analysis

Economic Decision Makers

Demand, Supply, and Markets

Introduction to Macroeconomics

Tracking the U S Economy

Unemployment and Inflation

Us 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

The Policy Debate: Active or Passive

International Trade

International Finance

Filters