Question 1

In which decade were there serious property rights and rule of law problems in Latin America?

Accepted Answer

A)  1790s 
B)  1830s 
C)  1870s 
D)  1890s 
E)  none of the above 
A)  1790s 
B)  1830s 
C)  1870s 
D)  1890s 
E)  none of the above

Question 2

Latin America's principal economic problem has been relatively slow growth. Explain this problem in terms of labor, capital, human capital, and TFP.

Accepted Answer

Latin America's principal economic probl

Question 3

Suppose that a country in Latin America experienced a breakdown of basic government in the decades following independence. Further assume that domestic conflicts led to serious loss of life and destruction of infrastructure. Using the theory of economic growth, draw a graph and describe how this could lead to low or even negative economic growth.

Accepted Answer

The breakdown of basic government and do

Question 4

For Latin America, R&D as a percentage of GDP is:

Accepted Answer

A)  small. 
B)  large. 
C)  inappropriate. 
D)  6.2. 
E)  8.7. 
A)  small. 
B)  large. 
C)  inappropriate. 
D)  6.2. 
E)  8.7.

Question 5

Why have the economies of Latin America grown more slowly than they could have?

Accepted Answer

The slower economic growth in Latin Amer

Question 6

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 7

One would observe low K/L ratios in:

Accepted Answer

A)  the richest countries in the region. 
B)  the formal sector of the economy. 
C)  the manufacturing sector of the economy. 
D)  the informal sector. 
E)  none of the above 
A)  the richest countries in the region. 
B)  the formal sector of the economy. 
C)  the manufacturing sector of the economy. 
D)  the informal sector. 
E)  none of the above

Question 8

Which of the following economists formulated a theory of growth in the 1950s?

Accepted Answer

A)  Adam Smith 
B)  Robert Solow 
C)  Paul Romer 
D)  Douglas North 
E)  none of the above 
A)  Adam Smith 
B)  Robert Solow 
C)  Paul Romer 
D)  Douglas North 
E)  none of the above

Question 9

Why did Latin America fail to grow from 1820 to 1850?

Accepted Answer

The period from 1820 to 1850 in Latin Am

Question 10

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

Accepted Answer

A)  a change in the labor force 
B)  a change in the capital stock 
C)  a change in technology 
D)  a change in human capital 
A)  a change in the labor force 
B)  a change in the capital stock 
C)  a change in technology 
D)  a change in human capital

In which decade were there serious property rights and rule of law problems in Latin America?

Latin America's principal economic problem has been relatively slow growth. Explain this problem in terms of labor, capital, human capital, and TFP.

For Latin America, R&D as a percentage of GDP is:

Why have the economies of Latin America grown more slowly than they could have?

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

One would observe low K/L ratios in:

Which of the following economists formulated a theory of growth in the 1950s?

Why did Latin America fail to grow from 1820 to 1850?

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

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

In which decade were there serious property rights and rule of law problems in Latin America?

Latin America's principal economic problem has been relatively slow growth. Explain this problem in terms of labor, capital, human capital, and TFP.

For Latin America, R&D as a percentage of GDP is:

Why have the economies of Latin America grown more slowly than they could have?

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

One would observe low K/L ratios in:

Which of the following economists formulated a theory of growth in the 1950s?

Why did Latin America fail to grow from 1820 to 1850?

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

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