Question 11 pts

In the article by Sachs, Mellinger and Gallup titled "The Geography of Poverty and Wealth", the authors note that there is a concentration of high and middle income countries in the

Group of answer choices

tropical zone

temperate zone

equator

southern hemisphere

Flag question: Question 2Question 21 pts

The geographical hypothesis suggests all of the following except

Group of answer choices

climate affects work effort

technology that works in temperate zones may not work in tropical regions

infectious diseases are higher in poorer parts of the world

landlocked countries can participate in sea trade as much as coastal countries

Flag question: Question 3Question 31 pts

In the article by Acemoglu, Johnson and Robinson from Understanding Poverty, the authors conclude

Group of answer choices

institutions do not explain the pattern of economic development

geography is the most important factor explaining income per capita

institutions and not geography are the main cause for differences in economic prosperity

geography and institutions are unrelated

Flag question: Question 4Question 41 pts

East Asia's "four tigers" (Korea, Singapore, HongKong and Taiwan) all achieved rapid industrial growth by

Group of answer choices

eliminating virtually all government intervention

heavily subsidizing exports, while prohibiting competing imports

imposing effective central planning

fostering a development strategy based on export of manufactures.

Flag question: Question 5Question 51 pts

Structural adjustment programs are designed to

Group of answer choices

promote the growth of industry rather than agriculture

assure that scarce foreign exchange is rationed in accordance with a five-year plan

dismantle controls that interfere with market allocation and efficiency

stop inflation

Flag question: Question 6Question 61 pts

China and Vietnam are examples of formerly planned economies that

Group of answer choices

adopted the shock-therapy approach to liberalization

began their reform programs by privatizing large state-owned industrial enterprises.

suffered severe economic contraction during the transition to a market system.

managed the transition to a market economy in gradual steps

Flag question: Question 7Question 71 pts

In the Asian Century article, the authors point out that

Group of answer choices

China's political and economic set up are more socialistic than India's

India's political and economic set up are more socialistic than China's

China's economy is largely privatized

The bulk of India's production takes place in the public sector

Flag question: Question 8Question 81 pts

All of the following were components of Washington Consensus except

Group of answer choices

fiscal discipline

trade liberalization

securing property rights

increasing government regulation

Flag question: Question 9Question 91 pts

Which of these was never a centrally planned economy

Group of answer choices

Soviet Union

China

Cuba

India

Flag question: Question 10Question 101 pts

The transition economies refer to countries that

Group of answer choices

transformed from a centrally planned to a market economy

transformed from a market economy to a centrally planned one

suffered reversal of fortunes

receive foreign aid from the World Bank