Question 1

A World Bank study found that charging user fees for medical treatment in developing countries

Accepted Answer

A)  had no significant effect on treatment rates. 
B)  dramatically reduced treatment rates. 
C)  slightly increased treatment rates. 
D)  greatly increased treatment rates. 
A)  had no significant effect on treatment rates. 
B)  dramatically reduced treatment rates. 
C)  slightly increased treatment rates. 
D)  greatly increased treatment rates.

Question 2

The World Bank is an international agency that lends money to individual countries for projects that promote economic development.

Accepted Answer

A) True 
 B)False

Question 3

Which of the following characteristics is shared by India and China?

Accepted Answer

A)  Both are typically labeled as developing countries. 
B)  Both have increasing birth rates. 
C)  Both are politically authoritarian. 
D)  Both have low life-expectancy rates. 
A)  Both are typically labeled as developing countries. 
B)  Both have increasing birth rates. 
C)  Both are politically authoritarian. 
D)  Both have low life-expectancy rates.

Question 4

A policy in which a government actively picks industries to support as a base for economic development is known as

Accepted Answer

A)  social policy. 
B)  first-choice policy. 
C)  preferential policy. 
D)  industrial policy. 
A)  social policy. 
B)  first-choice policy. 
C)  preferential policy. 
D)  industrial policy.

Question 5

The vicious-circle-of-poverty hypothesis states that poor countries

Accepted Answer

A)  are unable to save and invest enough to accumulate capital stock that would help them grow. 
B)  cannot develop because they lack the ability to educate their workers. 
C)  cannot develop because their economic policies are ineffective. 
D)  cannot develop because people don't consume due to lack of goods and services. 
A)  are unable to save and invest enough to accumulate capital stock that would help them grow. 
B)  cannot develop because they lack the ability to educate their workers. 
C)  cannot develop because their economic policies are ineffective. 
D)  cannot develop because people don't consume due to lack of goods and services.

Question 6

Export promotion is the policy in which industrial production is oriented towards

Accepted Answer

A)  foreign producers. 
B)  foreign consumers. 
C)  domestic consumers. 
D)  both A and B 
A)  foreign producers. 
B)  foreign consumers. 
C)  domestic consumers. 
D)  both A and B

Question 7

In 2015, the population of the world

Accepted Answer

A)  was approximately 500 million people. 
B)  fell below 2 billion people. 
C)  was more than 7 billion people. 
D)  was close to 1 trillion people. 
A)  was approximately 500 million people. 
B)  fell below 2 billion people. 
C)  was more than 7 billion people. 
D)  was close to 1 trillion people.

Question 8

Policies designed to promote import substitution often encouraged capital-intensive production methods.

Accepted Answer

A) True 
 B)False

Question 9

Related to the Economics in Practice on page 387: In Indonesia, children and allies of President Suharto were affiliated with many companies. When Suharto unexpectedly fell ill, the stock prices of these companies dropped significantly, suggesting that

Accepted Answer

A)  these companies thrived under President Suharto despite their connection with Suharto's allies and relatives. 
B)  later regimes in Indonesia will be more concerned about economic efficiency and less corrupt. 
C)  President Suharto's removal from power was based not only on illness but also on concern over corruption. 
D)  investor opinion of many of these firms was based on their connections with President Suharto and not the economic efficiency of those companies. 
A)  these companies thrived under President Suharto despite their connection with Suharto's allies and relatives. 
B)  later regimes in Indonesia will be more concerned about economic efficiency and less corrupt. 
C)  President Suharto's removal from power was based not only on illness but also on concern over corruption. 
D)  investor opinion of many of these firms was based on their connections with President Suharto and not the economic efficiency of those companies.

Question 10

Social overhead capital is basic infrastructure projects such as roads, power generation and irrigation systems.

Accepted Answer

A) True 
 B)False

Question 11

China is politically authoritarian and does not have well-established property rights, characteristics which were once thought to hinder growth.

Accepted Answer

A) True 
 B)False

Question 12

Building roads, power generators, and irrigation systems are projects that are referred to as

Accepted Answer

A)  social overhead capital. 
B)  human capital. 
C)  physical capital. 
D)  financial capital. 
A)  social overhead capital. 
B)  human capital. 
C)  physical capital. 
D)  financial capital.

Question 13

"Brain drain" results in many of the most talented minds leaving developing countries for developed countries.

Accepted Answer

A) True 
 B)False

A World Bank study found that charging user fees for medical treatment in developing countries

The World Bank is an international agency that lends money to individual countries for projects that promote economic development.

Which of the following characteristics is shared by India and China?

A policy in which a government actively picks industries to support as a base for economic development is known as

The vicious-circle-of-poverty hypothesis states that poor countries

Export promotion is the policy in which industrial production is oriented towards

In 2015, the population of the world

Policies designed to promote import substitution often encouraged capital-intensive production methods.

Related to the Economics in Practice on page 387: In Indonesia, children and allies of President Suharto were affiliated with many companies. When Suharto unexpectedly fell ill, the stock prices of these companies dropped significantly, suggesting that

Social overhead capital is basic infrastructure projects such as roads, power generation and irrigation systems.

China is politically authoritarian and does not have well-established property rights, characteristics which were once thought to hinder growth.

Building roads, power generators, and irrigation systems are projects that are referred to as

"Brain drain" results in many of the most talented minds leaving developing countries for developed countries.

The Scope and Method of Economics

The Economic Problem: Scarcity and Choice

Demand, Supply, and Market Equilibrium

Demand and Supply Applications

Introduction to Macroeconomics

Measuring National Output and National Income

Unemployment, Inflation, and Long-Run Growth

Aggregate Expenditure and Equilibrium Output

The Government and Fiscal Policy

Money, the Federal Reserve, and the Interest Rate

The Determination of Aggregate Output, the Price Level, and the Interest Rate

Policy Effects and Cost Shocks in the Asad Model

The Labor Market in the Macroeconomy

Financial Crises, Stabilization, and Deficits

Household and Firm Behavior in the Macroeconomy: a Further Look

Long-Run Growth

Alternative Views in Macroeconomics

International Trade, Comparative Advantage, and Protectionism

Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates

Critical Thinking About Research

Filters

Exam 20: Economic Growth in Developing Economies

A World Bank study found that charging user fees for medical treatment in developing countries

The World Bank is an international agency that lends money to individual countries for projects that promote economic development.

Which of the following characteristics is shared by India and China?

A policy in which a government actively picks industries to support as a base for economic development is known as

The vicious-circle-of-poverty hypothesis states that poor countries

Export promotion is the policy in which industrial production is oriented towards

In 2015, the population of the world

Policies designed to promote import substitution often encouraged capital-intensive production methods.

Related to the Economics in Practice on page 387: In Indonesia, children and allies of President Suharto were affiliated with many companies. When Suharto unexpectedly fell ill, the stock prices of these companies dropped significantly, suggesting that

Social overhead capital is basic infrastructure projects such as roads, power generation and irrigation systems.

China is politically authoritarian and does not have well-established property rights, characteristics which were once thought to hinder growth.

Building roads, power generators, and irrigation systems are projects that are referred to as

"Brain drain" results in many of the most talented minds leaving developing countries for developed countries.

The Scope and Method of Economics

The Economic Problem: Scarcity and Choice

Demand, Supply, and Market Equilibrium

Demand and Supply Applications

Introduction to Macroeconomics

Measuring National Output and National Income

Unemployment, Inflation, and Long-Run Growth

Aggregate Expenditure and Equilibrium Output

The Government and Fiscal Policy

Money, the Federal Reserve, and the Interest Rate

The Determination of Aggregate Output, the Price Level, and the Interest Rate

Policy Effects and Cost Shocks in the Asad Model

The Labor Market in the Macroeconomy

Financial Crises, Stabilization, and Deficits

Household and Firm Behavior in the Macroeconomy: a Further Look

Long-Run Growth

Alternative Views in Macroeconomics

International Trade, Comparative Advantage, and Protectionism

Open-Economy Macroeconomics: the Balance of Payments and Exchange Rates

Critical Thinking About Research

Filters