Question 1

China is not an important market for other nations' exports.

Accepted Answer

A) True 
 B)False  False

Question 2

Which of the following is one of the BRIC nations?

Accepted Answer

A) Indonesia 
B) Bangledesh 
C) Chile 
D) Belgium 
E) Russia 
A) Indonesia 
B) Bangledesh 
C) Chile 
D) Belgium 
E) Russia E

Question 3

Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because

Accepted Answer

A) its trade flows were relatively large. 
B) so much of its labor force was in agriculture. 
C) heavy industry already had a strong foothold when the transition began. 
D) its coastal areas were already relatively well developed. 
E) its labor force was relatively well educated. 
A) its trade flows were relatively large. 
B) so much of its labor force was in agriculture. 
C) heavy industry already had a strong foothold when the transition began. 
D) its coastal areas were already relatively well developed. 
E) its labor force was relatively well educated. B

Question 4

Because of China's growth,natural resources

Accepted Answer

A) are in greater demand,but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries. 
B) are in greater demand and the natural resources are increasingly coming from developing countries. 
C) prices are falling since China has tremendous negotiating power. 
D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing. 
A) are in greater demand,but that demand is mostly going to the previously industrialized nations so it is having little effect on economic development in developing countries. 
B) are in greater demand and the natural resources are increasingly coming from developing countries. 
C) prices are falling since China has tremendous negotiating power. 
D) are not in high demand since labor and capital are the emphasized inputs in Chinese manufacturing.

Question 5

China's economy was much more agricultural than Russia's,and observers believe this aided its economic transition.

Accepted Answer

A) True 
 B)False

Question 6

For China

Accepted Answer

A) there was a long period of success with the economic results of communism so it was hard to change policies. 
B) reform of its economic system was rapid,with a quick dismantling of most of the controls exercised by the state and party over the economic system,but not the political system. 
C) economic reforms were intended to create more wealth to distribute,not do undo the communist party. 
D) there are no longer state owned enterprises. 
A) there was a long period of success with the economic results of communism so it was hard to change policies. 
B) reform of its economic system was rapid,with a quick dismantling of most of the controls exercised by the state and party over the economic system,but not the political system. 
C) economic reforms were intended to create more wealth to distribute,not do undo the communist party. 
D) there are no longer state owned enterprises.

Question 7

China has a larger population than India and is expected to be the most populous nation in the world throughout the twenty-first century.

Accepted Answer

A) True 
 B)False

Question 8

A primary problem for Brazil from 1980 to 1995 was inflation.

Accepted Answer

A) True 
 B)False

Question 9

Russia chose a slow approach to creating a private economy and China chose a fast approach.

Accepted Answer

A) True 
 B)False

Question 10

The largest migration pattern in China at present is from urban centers to more rural areas to escape traffic and pollution.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following is FALSE about services trade for India and China?

Accepted Answer

A) China exports more services than India does. 
B) India has a trade surplus in services. 
C) China has a trade surplus in services. 
D) India trades primarily information services and other business services. 
A) China exports more services than India does. 
B) India has a trade surplus in services. 
C) China has a trade surplus in services. 
D) India trades primarily information services and other business services.

Question 12

What was the thesis to James O'Neill's paper where he introduced the BRIC acronym?

Accepted Answer

A) These nations were going to collapse. 
B) These were failing states and thus a treat to global stability. 
C) These economies were moribund and needed IMF assistance. 
D) These nations had the potential to change global trade and capital flows. 
E) These nations would repeat the patterns of development and business cycles as the United States and Europe had in their economic history. 
A) These nations were going to collapse. 
B) These were failing states and thus a treat to global stability. 
C) These economies were moribund and needed IMF assistance. 
D) These nations had the potential to change global trade and capital flows. 
E) These nations would repeat the patterns of development and business cycles as the United States and Europe had in their economic history.

Question 13

The BRIC nations have one quarter of the world's GDP and more than 40 percent of its population.

Accepted Answer

A) True 
 B)False

Question 14

Direct foreign investment has been most critical for China's domestic consumer market.

Accepted Answer

A) True 
 B)False

Question 15

China exports more services than India.

Accepted Answer

A) True 
 B)False

Question 16

China's economy did not decline at all during its transition from communism to capitalism.

Accepted Answer

A) True 
 B)False

Question 17

Describe how Brazil and Russia are similar and how they are different.

Accepted Answer

Both are involved in exporting commoditi

Question 18

Which primary trade partner of India suffered setbacks that ultimately helped lead India to embark on economic reform?

Accepted Answer

A) The United Kingdom 
B) The United States 
C) The Soviet Union 
D) South Korea 
A) The United Kingdom 
B) The United States 
C) The Soviet Union 
D) South Korea

Question 19

Recently,there has been little political stability in Brazil.

Accepted Answer

A) True 
 B)False

Question 20

What is the difference between Chinese and Indian trade in services?

Accepted Answer

While China exports more services in tot

China is not an important market for other nations' exports.

Which of the following is one of the BRIC nations?

Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because

Because of China's growth,natural resources

China's economy was much more agricultural than Russia's,and observers believe this aided its economic transition.

For China

China has a larger population than India and is expected to be the most populous nation in the world throughout the twenty-first century.

A primary problem for Brazil from 1980 to 1995 was inflation.

Russia chose a slow approach to creating a private economy and China chose a fast approach.

The largest migration pattern in China at present is from urban centers to more rural areas to escape traffic and pollution.

Which of the following is FALSE about services trade for India and China?

What was the thesis to James O'Neill's paper where he introduced the BRIC acronym?

The BRIC nations have one quarter of the world's GDP and more than 40 percent of its population.

Direct foreign investment has been most critical for China's domestic consumer market.

China exports more services than India.

China's economy did not decline at all during its transition from communism to capitalism.

Describe how Brazil and Russia are similar and how they are different.

Which primary trade partner of India suffered setbacks that ultimately helped lead India to embark on economic reform?

Recently,there has been little political stability in Brazil.

What is the difference between Chinese and Indian trade in services?

The United States in a Global Economy

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

Filters

Exam 17: The Bric Countries in the World Economy

China is not an important market for other nations' exports.

Which of the following is one of the BRIC nations?

Analysts that favor a fast transition to market economies argue that China's success with a gradual transition is a special case because

Because of China's growth,natural resources

China's economy was much more agricultural than Russia's,and observers believe this aided its economic transition.

For China

China has a larger population than India and is expected to be the most populous nation in the world throughout the twenty-first century.

A primary problem for Brazil from 1980 to 1995 was inflation.

Russia chose a slow approach to creating a private economy and China chose a fast approach.

The largest migration pattern in China at present is from urban centers to more rural areas to escape traffic and pollution.

Which of the following is FALSE about services trade for India and China?

What was the thesis to James O'Neill's paper where he introduced the BRIC acronym?

The BRIC nations have one quarter of the world's GDP and more than 40 percent of its population.

Direct foreign investment has been most critical for China's domestic consumer market.

China exports more services than India.

China's economy did not decline at all during its transition from communism to capitalism.

Describe how Brazil and Russia are similar and how they are different.

Which primary trade partner of India suffered setbacks that ultimately helped lead India to embark on economic reform?

Recently,there has been little political stability in Brazil.

What is the difference between Chinese and Indian trade in services?

The United States in a Global Economy

International Economic Institutions Since World War Ii

Comparative Advantage and the Gains From Trade

Comparative Advantage and Factor Endowments

Beyond Comparative Advantage

The Theory of Tariffs and Quotas

Commercial Policy

International Trade and Labor and Environmental Standards

Trade and the Balance of Payments

Exchange Rates and Exchange Rate Systems

An Introduction to Open Economy Macroeconomics

International Financial Crises

The United States in the World Economy

The European Union: Many Markets Into One

Trade and Policy Reform in Latin America

Export-Oriented Growth in East Asia

Filters