Question :
111.Countrieswithmorethan80percentoftheirpopulationlivingwithin100kilometersofacoastwillhaveanaverageGDPperpersonthatis
a.aroundfourtimesacountrywithlessthan20percentofthepopulationlivingnearthecoast.
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111.Countrieswithmorethan80percentoftheirpopulationlivingwithin100kilometersofacoastwillhaveanaverageGDPperpersonthatis
a.aroundfourtimesacountrywithlessthan20percentofthepopulationlivingnearthecoast.
b.aroundtentimesacountrywithlessthan20percentofthepopulationlivingnearthecoast.
c.aroundtwentytimesacountrywithlessthan20percentofthepopulationlivingnearthecoast.
d.aroundfiftytimesacountrywithlessthan20percentofthepopulationlivingnearthecoast.
112.ThepresidentofSuldinia,adevelopingcountry,proposesthathiscountryneedstohelpdomesticfirmsbyreducingtraderestrictions.
a.Theseareoutward-orientedpoliciesandmosteconomistsbelievetheywouldhavebeneficialeffectsongrowthinSuldinia.
b.Theseareoutward-orientedpoliciesandmosteconomistsbelievetheywouldhaveadverseeffectsongrowthinSuldinia.
c.Theseareinward-orientedpoliciesandmosteconomistsbelievetheywouldhavebeneficialeffectsongrowthinSuldinia.
d.Theseareinward-orientedpoliciesandmosteconomistsbelievetheywouldhaveadverseeffectsongrowthinSuldinia.
113.InthepasttherehavebeenviolentprotestsagainsttheWorldBankandtheWorldTradeOrganization.Theprotestersarguedthattheseinstitutionspromotefreetradeandalsoencouragecorporationsinrichcountriestoinvestinpoorcountries.Theprotesterscontendedthatthesepracticesmakerichcountriesricherandpoorcountriespoorer.Aneconomistwould
a.disagreewiththeprotestersbecausethesepracticeswillhelpmakebothrichandpoorcountriesricher.
b.disagreewiththeprotestersaboutfreetrade,butwouldagreewiththeprotestersaboutcorporateinvestment.
c.disagreewiththeprotestersaboutcorporateinvestment,butwouldagreewiththeprotestersaboutfreetrade.
d.agreewiththeprotesters.
114.Outward-orientedpolicies
a.allowcountriestotakeadvantageofgainsfromtrade.
b.havegenerallyledtohighgrowthforthecountriesthatpursuedthem.
c.receivewidespreadsupportfromeconomists.
d.Alloftheabovearecorrect.
115.Whenacountryremovestradebarriersandimportsappliancesandexportsengineeringservices,
a.itsgrowthslows.
b.itsproductivitydecreases.
c.itisessentiallytransformingengineeringservicesintoappliances.
d.itseconomicwell-beingdecreaseswhilethatofthecountrythatsellsappliancesincreases.
116.Supposeacountryincreasestraderestrictions.Thiscountrywouldbepursingan
a.inwardpolicy,whichmosteconomistsbelievehasbeneficialeffectsontheeconomy.
b.inwardpolicy,whichmosteconomistsbelievehasadverseeffectsontheeconomy.
c.outwardpolicy,whichmosteconomistsbelievehasbeneficialeffectsontheeconomy.
d.outwardpolicy,whichmosteconomistsbelievehasadverseeffectsontheeconomy.
117.AcountrywitharelativelylowlevelofrealGDPperpersonisconsideringadoptingtwopoliciestopromoteeconomicgrowth.Thefirstistodecreasebarrierstotrade.Thesecondistorestrictforeignportfolioinvestment.Whichofthesepoliciesdomosteconomistssaypromotegrowth?
a.boththefirstandthesecond
b.thefirstbutnotthesecond
c.thesecondbutnotthefirst
d.neitherthefirstnorthesecond
118.Nationaldefenseandknowledgearegenerallyconsideredtobe
a.privategoods.
b.publicgoods.
c.proprietarygoods.
d.societalgoods.
119.Patentsturnnewideasinto
a.publicgoods,andincreasetheincentivetoengageinresearch.
b.publicgoods,butdecreasetheincentivetoengageinresearch.
c.privategoods,andincreasetheincentivetoengageinresearch.
d.privategoods,butdecreasetheincentivetoengageinresearch.
120.Inventorsoftenobtainpatentsonnewproductsandprocesses,therebyturningnewideasinto
a.privategoodsandincreasingtheincentivetoengageinresearch.
b.privategoodsbutdecreasingtheincentivetoengageinresearch.
c.publicgoodsandincreasingtheincentivetoengageinresearch.
d.publicgoodsbutdecreasingtheincentivetoengageinresearch.