Question 1

Labor productivity depends on:

Accepted Answer

A) the effectiveness of government. 
B) the amount of capital available in an economy. 
C) the proportion of the labor force that is unionized. 
D) the size of an economy. 
E) the size of the labor force in an economy. 
A) the effectiveness of government. 
B) the amount of capital available in an economy. 
C) the proportion of the labor force that is unionized. 
D) the size of an economy. 
E) the size of the labor force in an economy.

Question 2

Which of the following is true of the agricultural sector in developing countries?

Accepted Answer

A) A very small percentage of labor force is employed in agriculture. 
B) Farm productivity is usually very low. 
C) It relies heavily on technology. 
D) It does not contribute to the exports of the countries. 
E) It accounts for a high percentage of the national income. 
A) A very small percentage of labor force is employed in agriculture. 
B) Farm productivity is usually very low. 
C) It relies heavily on technology. 
D) It does not contribute to the exports of the countries. 
E) It accounts for a high percentage of the national income.

Question 3

Unemployment occurs when _____.

Accepted Answer

A) people do not work because they are not happy with the work environment 
B) people are unwilling to work at the prevailing market wage rate. 
C) people prefer leisure over work 
D) people do not work because they are physically unable to work 
E) people are willing and are able to work,but cannot find jobs 
A) people do not work because they are not happy with the work environment 
B) people are unwilling to work at the prevailing market wage rate. 
C) people prefer leisure over work 
D) people do not work because they are physically unable to work 
E) people are willing and are able to work,but cannot find jobs

Question 4

A stable macroeconomic environment and reliable financial institutions help developing economies close the development gap.

Accepted Answer

A) True 
 B)False

Question 5

The Asian Tigers that have graduated from developing economies to industrial market economies include Hong Kong,Singapore,South Korea,and Taiwan.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a reason for the lack of political will to remove impediments to development from freer trade?

Accepted Answer

A) The potential losers fight reforms that might harm their livelihood. 
B) Domestic producers do not recognize their losses. 
C) Consumers are fully aware of their benefits from freer trade. 
D) Losses from freer trade are widespread. 
E) The government is unstable and therefore incapable of removing the trade barriers. 
A) The potential losers fight reforms that might harm their livelihood. 
B) Domestic producers do not recognize their losses. 
C) Consumers are fully aware of their benefits from freer trade. 
D) Losses from freer trade are widespread. 
E) The government is unstable and therefore incapable of removing the trade barriers.

Question 7

Most developing countries are in trouble whenever oil prices rise because _____.

Accepted Answer

A) they are the major exporters of oil and their export income falls 
B) it causes political instability in the countries 
C) it causes an increase in frictional unemployment 
D) higher oil prices drain the developing countries of foreign exchange 
E) it causes deflation in domestic economies. 
A) they are the major exporters of oil and their export income falls 
B) it causes political instability in the countries 
C) it causes an increase in frictional unemployment 
D) higher oil prices drain the developing countries of foreign exchange 
E) it causes deflation in domestic economies.

Question 8

_____ is one of the clearest ways of distinguishing between industrial and developing countries.

Accepted Answer

A) The interest rate 
B) The birth rate 
C) The enrolment rate 
D) The number of skyscrapers 
E) The composition of the population 
A) The interest rate 
B) The birth rate 
C) The enrolment rate 
D) The number of skyscrapers 
E) The composition of the population

Question 9

The privatization of foreign aid is usually accompanied by:

Accepted Answer

A) the transformation of government enterprises into private enterprises in transitional economies. 
B) the transformation of private enterprises into government enterprises in transitional economies. 
C) an improvement in the standard of living in developed countries. 
D) an increase in the vulnerability of transitional economies to global economic fluctuations. 
E) an increase in the dependence on foreign capital goods for economic growth. 
A) the transformation of government enterprises into private enterprises in transitional economies. 
B) the transformation of private enterprises into government enterprises in transitional economies. 
C) an improvement in the standard of living in developed countries. 
D) an increase in the vulnerability of transitional economies to global economic fluctuations. 
E) an increase in the dependence on foreign capital goods for economic growth.

Question 10

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

Labor productivity depends on:

Which of the following is true of the agricultural sector in developing countries?

Unemployment occurs when _____.

A stable macroeconomic environment and reliable financial institutions help developing economies close the development gap.

The Asian Tigers that have graduated from developing economies to industrial market economies include Hong Kong,Singapore,South Korea,and Taiwan.

Which of the following is a reason for the lack of political will to remove impediments to development from freer trade?

Most developing countries are in trouble whenever oil prices rise because _____.

_____ is one of the clearest ways of distinguishing between industrial and developing countries.

The privatization of foreign aid is usually accompanied by:

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

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

Exam 19: Economic Development

Labor productivity depends on:

Which of the following is true of the agricultural sector in developing countries?

Unemployment occurs when _____.

A stable macroeconomic environment and reliable financial institutions help developing economies close the development gap.

The Asian Tigers that have graduated from developing economies to industrial market economies include Hong Kong,Singapore,South Korea,and Taiwan.

Which of the following is a reason for the lack of political will to remove impediments to development from freer trade?

Most developing countries are in trouble whenever oil prices rise because _____.

_____ is one of the clearest ways of distinguishing between industrial and developing countries.

The privatization of foreign aid is usually accompanied by:

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

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

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