Question 1

What percentage of the labor force of Latin America is unionized?

Accepted Answer

A)  14 
B)  19 
C)  22 
D)  29 
E)  35 
A)  14 
B)  19 
C)  22 
D)  29 
E)  35 A

Question 2

A property rights problem that affects 25 percent of the population of Latin America is:

Accepted Answer

A)  judicial independence. 
B)  favoritism of government officials 
C)  squatting. 
D)  per astra 
E)  none of the above 
A)  judicial independence. 
B)  favoritism of government officials 
C)  squatting. 
D)  per astra 
E)  none of the above C

Question 3

A decrease in the labor force would tend to:

Accepted Answer

A)  decrease GDP. 
B)  increase GDP. 
C)  cause the production function to shift down. 
D)  cause the production function to shift up. 
E)  none of the above 
A)  decrease GDP. 
B)  increase GDP. 
C)  cause the production function to shift down. 
D)  cause the production function to shift up. 
E)  none of the above A

Question 4

The size of the labor force in Latin America is:

Accepted Answer

A)  159 million. 
B)  203 million. 
C)  314 million. 
D)  320 million. 
E)  327 million. 
A)  159 million. 
B)  203 million. 
C)  314 million. 
D)  320 million. 
E)  327 million.

Question 5

The link between education and growth in Latin America is:

Accepted Answer

A)  the informal economy. 
B)  educational inequality. 
C)  human capital. 
D)  teachers unions. 
E)  robustness. 
A)  the informal economy. 
B)  educational inequality. 
C)  human capital. 
D)  teachers unions. 
E)  robustness.

Question 6

Why would the K/L ratio be important in Latin America? What problems are associated with the accumulation of capital in the region?

Accepted Answer

The K/L ratio, which represents the rati

Question 7

Using a production function show how the decline in population in the 16th century hampered economic growth in the region.

Accepted Answer

The decline in population in the 16th ce

Question 8

A change in _____ would cause a movement along the production function.

Accepted Answer

A)  labor 
B)  K 
C)  TFP 
D)  K/L 
E)  none of the above 
A)  labor 
B)  K 
C)  TFP 
D)  K/L 
E)  none of the above

Question 9

Which of the following would not cause a shift in the production function?

Accepted Answer

A)  a change in the size of the labor force 
B)  an increase in the capital stock 
C)  an improvement in technology 
D)  lower TFP 
E)  higher TFP 
A)  a change in the size of the labor force 
B)  an increase in the capital stock 
C)  an improvement in technology 
D)  lower TFP 
E)  higher TFP

Question 10

The savings rate in Latin America is closest to _____ percent.

Accepted Answer

A)  4 
B)  7 
C)  13.6 
D)  17.3 
E)  28 
A)  4 
B)  7 
C)  13.6 
D)  17.3 
E)  28

Question 11

Describe how infrastructure and human capital development have tended to lower economic growth in Latin America.

Accepted Answer

Infrastructure and human capital develop

Question 12

Using a production function, show why economic growth in Latin America has tended to be slower than economic growth in North America.

Accepted Answer

The production function is a concept in

Question 13

Suppose that millions of workers from Mexico immigrate to the U.S. Show how this would affect Mexico's GDP.

Accepted Answer

If millions of workers from Mexico were

Question 14

If GDP per capita is higher in Chile than Bolivia, what might be causing this?

Accepted Answer

A)  low R&D expenditures in Bolivia 
B)  high human capital in Bolivia 
C)  a high K/L ratio in Chile 
D)  low institutional quality in Chile 
E)  revenues from copper production in Bolivia 
A)  low R&D expenditures in Bolivia 
B)  high human capital in Bolivia 
C)  a high K/L ratio in Chile 
D)  low institutional quality in Chile 
E)  revenues from copper production in Bolivia

Question 15

As a result of the War of the Triple Alliance (1865 - 1870), the population of Paraguay declined from 525,000 to 221,000. Using a graph, show and explain how this would have affected the GDP of the country.

Accepted Answer

To show the effect of the population dec

Question 16

Which of the following is not an aspect of the rule of law?

Accepted Answer

A)  enforcement of contracts 
B)  habeas corpus 
C)  judicial independence 
D)  favoritism in the decisions of government officials 
E)  the efficiency of the legal framework 
A)  enforcement of contracts 
B)  habeas corpus 
C)  judicial independence 
D)  favoritism in the decisions of government officials 
E)  the efficiency of the legal framework

Question 17

_____ are estimated to be of squatters in Latin America.

Accepted Answer

A)  240 million. 
B)  100 million. 
C)  320 million. 
D)  130 million. 
E)  190 million. 
A)  240 million. 
B)  100 million. 
C)  320 million. 
D)  130 million. 
E)  190 million.

Question 18

What are some of the dimensions of the rule of law? Why does this matter in Latin America?

Accepted Answer

The rule of law encompasses several dime

Question 19

FDI in Latin America is approximately ___ percent of GDP.

Accepted Answer

A)  1 
B)  3 
C)  7 
D)  12 
E)  14 
A)  1 
B)  3 
C)  7 
D)  12 
E)  14

Question 20

Suppose that Chile is growing at 4 percent and Bolivia is growing at 2 percent. Using a standard model of economic growth, show and explain what might cause this difference.

Accepted Answer

There are several factors that could cau

What percentage of the labor force of Latin America is unionized?

A property rights problem that affects 25 percent of the population of Latin America is:

A decrease in the labor force would tend to:

The size of the labor force in Latin America is:

The link between education and growth in Latin America is:

Why would the K/L ratio be important in Latin America? What problems are associated with the accumulation of capital in the region?

Using a production function show how the decline in population in the 16^th century hampered economic growth in the region.

A change in _____ would cause a movement along the production function.

Which of the following would not cause a shift in the production function?

The savings rate in Latin America is closest to _____ percent.

Describe how infrastructure and human capital development have tended to lower economic growth in Latin America.

Using a production function, show why economic growth in Latin America has tended to be slower than economic growth in North America.

Suppose that millions of workers from Mexico immigrate to the U.S. Show how this would affect Mexico's GDP.

If GDP per capita is higher in Chile than Bolivia, what might be causing this?

As a result of the War of the Triple Alliance (1865 - 1870), the population of Paraguay declined from 525,000 to 221,000. Using a graph, show and explain how this would have affected the GDP of the country.

Which of the following is not an aspect of the rule of law?

_____ are estimated to be of squatters in Latin America.

What are some of the dimensions of the rule of law? Why does this matter in Latin America?

FDI in Latin America is approximately ___ percent of GDP.

Suppose that Chile is growing at 4 percent and Bolivia is growing at 2 percent. Using a standard model of economic growth, show and explain what might cause this difference.

Latin American Economic History

Limits to Growth in Latin America

Growth and the Environment in Latin America

Latin American and Primary Commodities

Import Substitution in Latin America

Latin American Trade Policy

Exchange-Rate Policy

Financing Current-Account Deficits

Macroeconomic Policy in Latin America

Macroeconomic Stability

Poverty Inequality

Economic Policy Debates in Latin America

Filters

Exam 2: Economic Growth and Latin America

What percentage of the labor force of Latin America is unionized?

A property rights problem that affects 25 percent of the population of Latin America is:

A decrease in the labor force would tend to:

The size of the labor force in Latin America is:

The link between education and growth in Latin America is:

Why would the K/L ratio be important in Latin America? What problems are associated with the accumulation of capital in the region?

Using a production function show how the decline in population in the 16th century hampered economic growth in the region.

A change in _____ would cause a movement along the production function.

Which of the following would not cause a shift in the production function?

The savings rate in Latin America is closest to _____ percent.

Describe how infrastructure and human capital development have tended to lower economic growth in Latin America.

Using a production function, show why economic growth in Latin America has tended to be slower than economic growth in North America.

Suppose that millions of workers from Mexico immigrate to the U.S. Show how this would affect Mexico's GDP.

If GDP per capita is higher in Chile than Bolivia, what might be causing this?

As a result of the War of the Triple Alliance (1865 - 1870), the population of Paraguay declined from 525,000 to 221,000. Using a graph, show and explain how this would have affected the GDP of the country.

Which of the following is not an aspect of the rule of law?

_____ are estimated to be of squatters in Latin America.

What are some of the dimensions of the rule of law? Why does this matter in Latin America?

FDI in Latin America is approximately ___ percent of GDP.

Suppose that Chile is growing at 4 percent and Bolivia is growing at 2 percent. Using a standard model of economic growth, show and explain what might cause this difference.

Latin American Economic History

Limits to Growth in Latin America

Growth and the Environment in Latin America

Latin American and Primary Commodities

Import Substitution in Latin America

Latin American Trade Policy

Exchange-Rate Policy

Financing Current-Account Deficits

Macroeconomic Policy in Latin America

Macroeconomic Stability

Poverty Inequality

Economic Policy Debates in Latin America

Filters

Using a production function show how the decline in population in the 16^th century hampered economic growth in the region.