Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?

Related Mcqs:

1. Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?

   I- an externally dependent banking system
   II- a poorly developed securities market
   III- a low percentage of demand deposits divided by the total money supply
   IV- the relative insensitivity of investment and employment to monetary policies

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II , III and IV

2. Due to Japan’s high saving rate, suppose that the Japanese invest abroad. This investment may result in a/an _______ of the Japanese yen and therefore a for Japan?

   A. appreciation; trade surplus
   B. appreciation; trade deficit
   C. depreciation; trade surplus
   D. depreciation; trade deficit

3. Suppose that Russia steel firms engage in dumping in the German market in terms of overall economic welfare, German welfare would _______ as the result of the dumping?

   A. increase
   B. decrease
   C. not change
   D. None of These

4. Which situation has contributed most recent Japanese economic growth ?

   A. The Japanese government has place limits on Japanese exports
   B. Japanese industries spend very little on the research and development of new products
   C. The Japanese government and Japanese businesses have cooperated with each other
   D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do

5. The growth rates of economies tend to converge because ________ is easier when capital per worker is low and because of?

   A. capital-widening technical innovation
   B. capital-widening Catch-up in technology
   C. capital-deepening technical innovation
   D. capital-deepening, catch-up in technology

6. About _________ of the World’s population lives in LDCs?

   A. 80%
   B. 50%
   C. 25%
   D. 35%

7. Suppose that a war is fought will biological weapons. The weapons destroy people but not capital. What is likely to happen to equilibrium wages and rental rates after the war when compared to their values before the war ?

   A. Wages rise, and rental rates fall
   B. Wages rise, and rental rates rise
   C. Wages fall, and rental rates rise
   D. Wages fall, and rental rates fall

8. The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

   A. Japan
   B. Four tigers
   C. Vietnam
   D. Thailand

9. The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?

   A. Japan
   B. The four tigers
   C. Vietnam
   D. Thailand

10. Which of the following statement is not true about LDCs ?

    A. Most LDCs have less than 1/10 the per capita GNP of the U.S
    B. A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S
    C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible
    D. Most LDCs have a greater shortage of qualified teachers than the U.S does