An organization that tries to encourage the flow of investment to poor countries is the a. World Bank. b. Organization of Less Developed Countries. c. Alliance of Developing Countries. d. International Development Alliance. a C. QUESTION 20 Educated people may generate ideas that increase production. These ideas a. produce a return to society from education that is greater than the return to the individual. b. could justify government subsides for education. c, are external benefits of education. d. All of the above are correct. a QUESTION 21 Which of the following is an example of the "brain drain"? a. A country's most highly educated workers emigrate to rich countries. b. A country has such a poor educational system that human capital falls over time. c. The population of a country grows so fast that the educational system can't keep up. d. A country steals patented technology from another country. ANS: A a QUESTION 22 Economist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth? a. education b. rescarch and development c. nutrition d. trade restrictions a b. QUESTION 23 Which of the following is correct? a. In an economy-wide sense property rights are an important prerequisite for the price system to work b. Property rights give people the ability to exercise authority over the resources they own. c. An absence of well-established and well-enforced property rights appears to associated with a reduced standard of living d. All of the above are correct. QUESTION 24 Inward-oriented policies a. include imposing tariffs and other trade restrictions. b. have generally increased productivity and growth in the countries that pursued them c. promote the production of goods and services the country produce most efficiently d. All of the above are correct. An organization that tries to encourage the flow of investment to poor countries is the a. World Bank. b. Organization of Less Developed Countries. c. Alliance of Developing Countries. d. International Development Alliance. a C. QUESTION 20 Educated people may generate ideas that increase production. These ideas a. produce a return to society from education that is greater than the return to the individual. b. could justify government subsides for education. c, are external benefits of education. d. All of the above are correct. a QUESTION 21 Which of the following is an example of the "brain drain"? a. A country's most highly educated workers emigrate to rich countries. b. A country has such a poor educational system that human capital falls over time. c. The population of a country grows so fast that the educational system can't keep up. d. A country steals patented technology from another country. ANS: A a QUESTION 22 Economist Robert Fogel focused on which of the following factors as one determinant of long-run economic growth? a. education b. rescarch and development c. nutrition d. trade restrictions a b. QUESTION 23 Which of the following is correct? a. In an economy-wide sense property rights are an important prerequisite for the price system to work b. Property rights give people the ability to exercise authority over the resources they own. c. An absence of well-established and well-enforced property rights appears to associated with a reduced standard of living d. All of the above are correct. QUESTION 24 Inward-oriented policies a. include imposing tariffs and other trade restrictions. b. have generally increased productivity and growth in the countries that pursued them c. promote the production of goods and services the country produce most efficiently d. All of the above are correct.