Question

In: Economics

1. Property rights and a strong titling system are seen as important to economic development because...

1. Property rights and a strong titling system are seen as important to economic development because they allow:

a. loans to be taken out against the equity of their assets, increasing investment.

b. loans to be taken out without risk, increasing the quality, not quantity, of investment.

c. savers to invest in property and capital.

d. agencies with authority to verify titling to thrive in the economy.

2. Over the 1980 and 1990s, countries that were given large amounts of aid:

a. experienced growth of 1 percent regardless of the policy in place.

b. saw GDP shrink by 1 percent regardless of the policy in place.

c. saw GDP shrink by 1 percent even if they had sound policy in place.

d. experienced mixed impacts on their GDP growth.

3. Japan, Singapore, and Taiwan have all:

a. had success with import substitution policy.

b. imitated South Korea's export-led growth policy and failed.

c. imitated South Korea's import substitution policy and failed.

d. had success with export-led growth policy.

4. Successful export-led growth policy entails:

a. choosing the "right" industries to invest in.

b. blocking the "right" industries from importing to domestic markets.

c. choosing the "right" incentives to encourage exports.

d. choosing the "right" disincentives to reduce imports.

5. When governments choose to favor some industries over others, they undertake:

a. industrial espionage.

b. corporate growth policy.

c. corporate pricing policy.

d. industrial policy.

Expert Solution

The answers are given below:

Rahul Sunny answered 7 months ago

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