Chapter 04 - Morrison - Gbe 4e

10 Questions

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Chapter 04 - Morrison - Gbe 4e


Questions and Answers
  • 1. 
    China’s GNI per capita is…
    • A. 

      Half of that of a person in the US

    • B. 

      The same as that of a person in the US

    • C. 

      One-fifth of that of a person in the US

    • D. 

      One-third of that of a person in the US

  • 2. 
    A recession consists of…
    • A. 

      Prolonged negative economic growth

    • B. 

      Two successive quarters of negative economic growth

    • C. 

      One quarter of negative economic growth

    • D. 

      Generally falling prices

  • 3. 
    Which of the following countries is the most unequal, according the Gini Index?
    • A. 

      Germany

    • B. 

      Norway

    • C. 

      South Africa

    • D. 

      China

  • 4. 
    An unemployed person is more likely to be eligible for state benefits in which country?
    • A. 

      China

    • B. 

      Germany

    • C. 

      South Korea

    • D. 

      The Philippines

  • 5. 
    Which of the following is not an aspect of monetary policy?
    • A. 

      Exchange rates

    • B. 

      Interest rates

    • C. 

      Money supply

    • D. 

      Rates of taxation

  • 6. 
    Which of the following is untrue?
    • A. 

      Ethiopia is predominantly rural

    • B. 

      Ethiopia has a relatively low level of human development

    • C. 

      Ethiopia has a relatively high level of human development

    • D. 

      Ethiopia has experienced strong economic growth

  • 7. 
    A liberal market economy prioritizes which of the following?
    • A. 

      High taxes

    • B. 

      Government ownership of industries

    • C. 

      Freedom of enterprise

    • D. 

      Spending on welfare-state programmes

  • 8. 
    The social market economy stresses which of the following?
    • A. 

      Social justice

    • B. 

      Economic growth

    • C. 

      Open markets

    • D. 

      State planning

  • 9. 
    Which of the following is not an EU member state?
    • A. 

      Croatia

    • B. 

      Moldova

    • C. 

      Romania

    • D. 

      Bulgaria

  • 10. 
    Which of the following policies have been adopted in Sweden?
    • A. 

      Privatization of services

    • B. 

      Drastic cuts in welfare spending

    • C. 

      Raising corporation tax

    • D. 

      State planning