• Shuffle
    Toggle On
    Toggle Off
  • Alphabetize
    Toggle On
    Toggle Off
  • Front First
    Toggle On
    Toggle Off
  • Both Sides
    Toggle On
    Toggle Off
  • Read
    Toggle On
    Toggle Off
Reading...
Front

Card Range To Study

through

image

Play button

image

Play button

image

Progress

1/12

Click to flip

Use LEFT and RIGHT arrow keys to navigate between flashcards;

Use UP and DOWN arrow keys to flip the card;

H to show hint;

A reads text to speech;

12 Cards in this Set

  • Front
  • Back

1. A development bank


(a) accepts deposits from the poor.


(b) makes loans for industry expansion.


(c) is an agency such as the World Bank.


(d) all of the above.


(e) none of the above.

(b) makes loans for industry expansion.

2. Among the rationales for state owned enterprises is


(a) existence of monopoly.


(b) the need for capital formation.


(c) desirability of national control over strategic sectors of the economy.


(d) all of the above.


(e) none of the above.

(d) all of the above.

3. Among the rationales for state owned enterprises is


(a) that the private sector is inefficient.


(b) that there is unemployment of capable managers.


(c) desirability of national control over strategic sectors of the economy.


(d) all of the above.


(e) none of the above.

(c) desirability of national control over strategic sectors of the economy.

4. Among the benefits of privatization of state owned enterprises is


(a) increased employment.


(b) improved efficiency.


(c) reduced pollution.


(d) all of the above.


(e) none of the above.

(b) improved efficiency.

5. One of the characteristics of financial repression is


(a) negative real interest rates.


(b) lack of credit rationing.


(c) capital flowing to the highest rate of return.


(d) all of the above.


(e) none of the above.

(a) negative real interest rates.

The evidence regarding military spending is that it


a. reduces growth


b. has no effect on growth


c. increases growth


d. presents no clear pattern

a. reduces growth

Currency substitution means


a. use of money instead of barter


b. use of countertrade instead of money


c. use of foreign exchange instead of domestic currency


d. all of the above


e. none of the above

c. use of foreign exchange instead of domestic currency

Macroeconomic stabilization involves


a. reduction of inflation


b. reduction of government budget deficits


c. reduction of trade deficits


d. all of the above


e. none of the above

d. all of the above

Which of the following is an objective of macroeconomic stabilization?


a. Eliminating current account deficits


b. Controlling inflation


c. Restoring fiscal balance


d. All of the above

d. All of the above

The military expenditures of developing economies make up approximately


a. 1% of GDP


b. 3% of GDP


c.5% of GDP


d.10% of GDP

b. 3% of GDP

When it comes to the composition of tax revenues from different sources,


a. developing countries derive the largest portion of their revenue from income taxes and developed countries form consumption taxes


b. developing countries derive the largest portion of their revenue from consumption taxes and developed countries form income taxes


c. both developing countries and developed countries derive the largest portion of their revenue from income taxes


d. both developing countries and developed countries derive the largest portion of their revenue from consumption taxes

b. developing countries derive the largest portion of their revenue from consumption taxes and developed countries form income taxes

From 1995-1997, tax revenue as a percent of GDP


a. was roughly equal between developing and developed countries


b. was a few percentage points higher for developed than for developing countries


c. was a few percentage points lower for developed than for developing countries


d. was much higher(approximately double) for developed countries than for developing countries


e. was much higher(approximately double) for developing countries than for developed countries

d. was much higher(approximately double) for developed countries than for developing countries