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1. | Countries whose average per capita GNP is a fraction of that in more industrialized countries are called ____________ countries.
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| A) developing
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| B) fractal
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| C) first world
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| D) second world
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2. | The population of most developing countries grows at a rate _________ the populations of industrialized countries.
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| A) much faster than
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| B) equal to
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| C) slower than
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| D) much slower than
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3. | The divisions of the _________ provide interest-free loans to developing countries and guarantees to foreign investors, as well as conciliation and arbitration of disputes between foreign investors and host countries.
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| A) International Reserve
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| B) International Monetary Fund
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| C) United Nations
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| D) World Bank Group
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4. | A country in _________ often has no monetary system and may not be economically motivated.
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| A) transition
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| B) semi-development
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| C) takeoff
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| D) primitive equilibrium
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5. | The World Bank Group recommends that industrialized countries develop __________ policies that reduce budget deficits, stabilize inflation, lower interest rates, and stabilize currency fluctuations.
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| A) macroeconomic
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| B) microeconomic
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| C) comparative advantage
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| D) international
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6. | To generate internal funds or savings, an economy must __________ more than it _________.
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| A) produce, exports
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| B) import, consumes
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| C) consume, produces
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| D) produce, consumes
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7. | A country can get external financial assistance by ____________.
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| A) producing more than it consumes
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| B) creating savings, borrowing from international agencies, and accepting assistance from industrialized countries
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| C) borrowing from international agencies, accepting assistance from industrialized countries, and attracting foreign private investment
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| D) attracting foreign private investments, creating savings, and increasing financial capital
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