Question 1

The deteriorating-terms-of-trade argument has been used to justify import-substitution policies.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following statements about the developing world is true?

Accepted Answer

A)  Except for Latin America, most Third World citizens live in urban areas. 
B)  The culture, politics, and geography of less-developed countries are very similar. 
C)  Third World economies are largely dependent on manufacturing industries. 
D)  The Third World is made up of noncommunist developing countries. 
E)  About 80 percent of the population of developing countries lives in China and India. 
A)  Except for Latin America, most Third World citizens live in urban areas. 
B)  The culture, politics, and geography of less-developed countries are very similar. 
C)  Third World economies are largely dependent on manufacturing industries. 
D)  The Third World is made up of noncommunist developing countries. 
E)  About 80 percent of the population of developing countries lives in China and India.

Question 3

Which of the following sentences about entrepreneurs stands true?

Accepted Answer

A)  They tend to be risk-averse individuals. 
B)  They are more frequently found in societies that support social conformity. 
C)  They help achieve technological progress. 
D)  They always come from blocked minorities. 
E)  They usually belong to the traditional elite class. 
A)  They tend to be risk-averse individuals. 
B)  They are more frequently found in societies that support social conformity. 
C)  They help achieve technological progress. 
D)  They always come from blocked minorities. 
E)  They usually belong to the traditional elite class.

Question 4

Which of the following is an obstacle to economic growth?

Accepted Answer

A)  Political instability 
B)  Government support for private industry 
C)  Slow population growth 
D)  Enforcement of private property rights 
E)  The inability of special interest groups to block changes in economic policy 
A)  Political instability 
B)  Government support for private industry 
C)  Slow population growth 
D)  Enforcement of private property rights 
E)  The inability of special interest groups to block changes in economic policy

Question 5

Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?

Accepted Answer

A)  Capital shallowing 
B)  Expropriation 
C)  Age dependency 
D)  Investment diversion 
E)  Import substitution 
A)  Capital shallowing 
B)  Expropriation 
C)  Age dependency 
D)  Investment diversion 
E)  Import substitution

The deteriorating-terms-of-trade argument has been used to justify import-substitution policies.

Which of the following statements about the developing world is true?

Which of the following sentences about entrepreneurs stands true?

Which of the following is an obstacle to economic growth?

Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?

Economics: the World Around You

Choice, Opportunity Costs, and Specialization

Markets, Demand and Supply, and the Price System

The Market System and the Private and Public Sector

National Income Accounting

An Introduction to the Foreign Exchange Market and the Balance of Payments

Unemployment and Inflation

Macroeconomic Equilibrium: Aggregate Demand and Supply

Aggregate Expenditures

Income and Expenditures Equilibrium

Fiscal Policy

Money and Banking

Monetary Policy

Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles

Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical

Economic Growth

Globalization

World Trade Equilibrium

International Trade Restrictions

Exchange Rates and Financial Links Between Countries

Filters

Exam 17: Development Economics

The deteriorating-terms-of-trade argument has been used to justify import-substitution policies.

Which of the following statements about the developing world is true?

Which of the following sentences about entrepreneurs stands true?

Which of the following is an obstacle to economic growth?

Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?

Economics: the World Around You

Choice, Opportunity Costs, and Specialization

Markets, Demand and Supply, and the Price System

The Market System and the Private and Public Sector

National Income Accounting

An Introduction to the Foreign Exchange Market and the Balance of Payments

Unemployment and Inflation

Macroeconomic Equilibrium: Aggregate Demand and Supply

Aggregate Expenditures

Income and Expenditures Equilibrium

Fiscal Policy

Money and Banking

Monetary Policy

Macroeconomic Policy: Tradeoffs, Expectations, Credibility, and Sources of Business Cycles

Macroeconomic Viewpoints: New Keynesian, Monetarist, and New Classical

Economic Growth

Globalization

World Trade Equilibrium

International Trade Restrictions

Exchange Rates and Financial Links Between Countries

Filters