Question 1

What is the relationship between neoliberalism and the Washington Consensus?

Accepted Answer

Neoliberalism is a political and economi

Question 2

In which country is central bank independence a problem?

Accepted Answer

A)  Chile 
B)  Venezuela 
C)  Mexico 
D)  Panama 
E)  Ecuador 
A)  Chile 
B)  Venezuela 
C)  Mexico 
D)  Panama 
E)  Ecuador

Question 3

Which of the following macroeconomic problems leads to lower economic growth?

Accepted Answer

A)  inflation 
B)  large swings in real GDP 
C)  low unemployment 
D)  a and b 
E)  b and c 
A)  inflation 
B)  large swings in real GDP 
C)  low unemployment 
D)  a and b 
E)  b and c

Question 4

Which of the following is related to structural reform?

Accepted Answer

A)  trade policy 
B)  tax policy 
C)  labor legislation 
D)  all of the above 
E)  none of the above 
A)  trade policy 
B)  tax policy 
C)  labor legislation 
D)  all of the above 
E)  none of the above

Question 5

Which structural reform is easiest to make from a purely technical standpoint?

Accepted Answer

A)  trade policy 
B)  tax policy 
C)  banking 
D)  SOEs 
E)  none of the above 
A)  trade policy 
B)  tax policy 
C)  banking 
D)  SOEs 
E)  none of the above

Question 6

Which economist summarized the main points of the Washington Consensus?

Accepted Answer

A)  Raul Prebisch 
B)  Sebastian Edwards 
C)  Carlos Fuentes 
D)  John Williamson 
E)  Milton Friedman 
A)  Raul Prebisch 
B)  Sebastian Edwards 
C)  Carlos Fuentes 
D)  John Williamson 
E)  Milton Friedman

Question 7

Inflation is less of a problem in the presence of:

Accepted Answer

A)  low unemployment. 
B)  high money supply growth. 
C)  central bank independence. 
D)  political control of the central bank. 
E)  none of the above 
A)  low unemployment. 
B)  high money supply growth. 
C)  central bank independence. 
D)  political control of the central bank. 
E)  none of the above

Question 8

Describe the relationship between the Washington Consensus and the Lost Decade.

Accepted Answer

The Washington Consensus and the Lost De

Question 9

The Washington Consensus is associated with economic policy in:

Accepted Answer

A)  Cuba 
B)  Venezuela 
C)  Russia 
D)  high-income countries 
E)  none of the above 
A)  Cuba 
B)  Venezuela 
C)  Russia 
D)  high-income countries 
E)  none of the above

Question 10

How did ISI lead to abnormally high profits for industries?

Accepted Answer

ISI, or Import Substitution Industrializ

Question 11

Which of the following is related to structural reform?

Accepted Answer

A)  trade policy 
B)  financial policy 
C)  tax policy 
D)  all of the above 
E)  none of the above 
A)  trade policy 
B)  financial policy 
C)  tax policy 
D)  all of the above 
E)  none of the above

Question 12

Draw a graph and explain how fiscal deficits financed by printing money can lead to
very high inflation.

Accepted Answer

When fiscal deficits are financed by pri

Question 13

Which of the following reduces both growth and equity?

Accepted Answer

A)  low tariffs 
B)  conditional cash transfers 
C)  ISI 
D)  increased spending on infrastructure 
E)  increased spending on education 
A)  low tariffs 
B)  conditional cash transfers 
C)  ISI 
D)  increased spending on infrastructure 
E)  increased spending on education

Question 14

How is rent seeking related to the difficulty of removing the remnants of ISI?

Accepted Answer

Rent-seeking is a concept in economics t

Question 15

Which industry in the region is difficult to reform?

Accepted Answer

A)  cotton 
B)  soybeans 
C)  retailing 
D)  banking 
E)  fishing 
A)  cotton 
B)  soybeans 
C)  retailing 
D)  banking 
E)  fishing

Question 16

Which country is associated with the Chicago Boys?

Accepted Answer

A)  Mexico 
B)  Guatemala 
C)  Argentina 
D)  Peru 
E)  Chile 
A)  Mexico 
B)  Guatemala 
C)  Argentina 
D)  Peru 
E)  Chile

What is the relationship between neoliberalism and the Washington Consensus?

In which country is central bank independence a problem?

Which of the following macroeconomic problems leads to lower economic growth?

Which of the following is related to structural reform?

Which structural reform is easiest to make from a purely technical standpoint?

Which economist summarized the main points of the Washington Consensus?

Inflation is less of a problem in the presence of:

Describe the relationship between the Washington Consensus and the Lost Decade.

The Washington Consensus is associated with economic policy in:

How did ISI lead to abnormally high profits for industries?

Which of the following is related to structural reform?

Draw a graph and explain how fiscal deficits financed by printing money can lead to very high inflation.

Which of the following reduces both growth and equity?

How is rent seeking related to the difficulty of removing the remnants of ISI?

Which industry in the region is difficult to reform?

Which country is associated with the Chicago Boys?

Latin American Economic History

Economic Growth and Latin America

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

Filters

Exam 13: Economic Policy Debates in Latin America

What is the relationship between neoliberalism and the Washington Consensus?

In which country is central bank independence a problem?

Which of the following macroeconomic problems leads to lower economic growth?

Which of the following is related to structural reform?

Which structural reform is easiest to make from a purely technical standpoint?

Which economist summarized the main points of the Washington Consensus?

Inflation is less of a problem in the presence of:

Describe the relationship between the Washington Consensus and the Lost Decade.

The Washington Consensus is associated with economic policy in:

How did ISI lead to abnormally high profits for industries?

Which of the following is related to structural reform?

Draw a graph and explain how fiscal deficits financed by printing money can lead to very high inflation.

Which of the following reduces both growth and equity?

How is rent seeking related to the difficulty of removing the remnants of ISI?

Which industry in the region is difficult to reform?

Which country is associated with the Chicago Boys?

Latin American Economic History

Economic Growth and Latin America

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

Filters