Articles Of Confederation Quiz Questions

108 Questions | Total Attempts: 240

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  • 1. 
    In his "Lessons" article, Stiglitz argues that benefits of government interventions in East Asia are evident, given that growth frequently occured in precisely the industries that were targeted by government policies.
    • A. 

      True

    • B. 

      False

  • 2. 
     In his "Lessons" article, Stiglitz argues that key government policies that characterized the East Asian Miracle included all but which of the following?
    • A. 

      Promotion of export-orientation through infrastructure and preferential access to capital

    • B. 

      Exclusion of the private sector from non-productive areas like real estate

    • C. 

      Investing in human capital development

    • D. 

      Promotion of technology programs to provide research and development to the private sector

    • E. 

      All of the above were said by Stiglitz to be key to the Asian Miracle

  • 3. 
    Which Asian country that grew more than 5 percent from 1970 to 1993 had the lowest level of income inequality inequality?  Which Asian country in this group had the highest?
    • A. 

      Japan had the lowest and Malaysia had the highest

    • B. 

      Japan had the lowest and Singapore had the highest

    • C. 

      Indonesia had the lowest and Singapore had the highest

    • D. 

      Bangladesh had the lowest and Philippines had the highest

    • E. 

      None of the above

  • 4. 
    According to Krugman's "Myth" piece, sustained growth in a nation's per capita income can only come about through which of the following?
    • A. 

      A rise in output per unit of input

    • B. 

      A rise in domestic savings rate

    • C. 

      A dynamic entrepreneurial class

    • D. 

      Government policy promoting export-oriented manufacturing 

    • E. 

      None of the above

  • 5. 
    Which of the following conclusions does Krugman endorse in his "Myth" piece about the East Asian Miracle?
    • A. 

      There is a major diffusion of world technology in progress, and Western nations are losing their traditional advantage

    • B. 

      The world's econonic center of gravity will inevitably shift to Asia

    • C. 

      Asian successes demonstrate the superiority of economies with fewer civil liberties and more government planning than people in the West have been willing to accept

    • D. 

      All of the above

    • E. 

      None of the above

  • 6. 
    According to Porter in his "New global strategies" article, which component of his "National Diamond" is most likely to shape the product development paths of firms from a particular country?
    • A. 

      Firm strategy, structure, and rivalry

    • B. 

      Demand conditions

    • C. 

      Related and supporting industries

    • D. 

      Factor conditions

    • E. 

      None of the above

  • 7. 
    In Porter's "New global strategies" piece, which of the following does he argue is a constructive strategy for company wishing to be an innovation leader?
    • A. 

      Lobbying against home country regulation that limit strategic options

    • B. 

      Maintaining strong leverage over suppliers

    • C. 

      Seeking out customers that are particularly difficult to serve well

    • D. 

      Seeking out countries with low taxes and regulations

    • E. 

      None of the above

  • 8. 
    Which of the following is an implication for government policy of Porter's company-level recommendations in his article on "New global strategies"?
    • A. 

      Trade policy should limit imports in industries that are of strategic importance

    • B. 

      Allocation of scarce financial resources should be guided by government so as to concentrate on domestically oriented industries

    • C. 

      Multinational firms should be required to increase their domestic sourcing of key inputs in order help local support industries reach world class quality

    • D. 

      Foreign investment should be limited in industries that are of strategic importance

    • E. 

      None of the above

  • 9. 
    In his "Competitiveness" piece, Krugman argues that an increase in productivity in one country (e.g. China) will have which of the following effects on workers in other foreign countries that trade with it (e.g. Japan)?
    • A. 

      Wages of workers in the other foreign countries are likely to fall

    • B. 

      Wages of workers in the other foreign countries are likely to rise

    • C. 

      Employment opportunities in the other foreign countries is likely to fall

    • D. 

      Employment opportunities in the other foreign countries is likely to rise

    • E. 

      None of the above

  • 10. 
    In his "Competitiveness" piece, which of the following arguments does Krugman make about a country's trade balance and what it means for whether that country is successful?
    • A. 

      A trade deficit is a sign of a national strength

    • B. 

      A trade deficit is a sign of national strength, but only if sustained over an extended period (e.g. 5 or more years)

    • C. 

      A trade surplus is a sign of national strength

    • D. 

      A successful country is most likely to exhibit a trade balance

    • E. 

      None of the above

  • 11. 
    In Krugman's "Competitiveness" piece, he shows evidence that which of the following types of sectors have the highest value-added per worker?
    • A. 

      Labor-intensive manufacturing industries

    • B. 

      High-technology industries

    • C. 

      Capital-intensive industries

    • D. 

      Export-oriented industries

    • E. 

      None of the above

  • 12. 
    Rodrik and Subramian (2003) test the impact of three factors on long-term economic growth.  What are they?
    • A. 

      Culture, colonial influence, economic openness

    • B. 

      Geography, culture, foreign investment

    • C. 

      Geography, integration, institutions

    • D. 

      Size of domestic market, quality of infrastructure, institutions

    • E. 

      None of the above

  • 13. 
    Rodrik and Subramian (2003) conclude from their econometric analysis that: 
    • A. 

      The impact of institutions on national wealth is conditional on geography.

    • B. 

      Only institutions have a direct positive effect on national wealth.

    • C. 

      Integration has weak indirect effects on growth, but strong direct effect

    • D. 

      All three main factors discussed in the paper have significant direct effects on national wealth.

    • E. 

      None of the above

  • 14. 
    Which of these is NOT an economic institution considered by Rodrik and Subramian (2003):
    • A. 

      Market-augmenting

    • B. 

      Market-stabilizing

    • C. 

      Market-creating

    • D. 

      Market-regulating

    • E. 

      Market-legitimizing

  • 15. 
    Rodrik and Subramian (2003) feel obligated to address the question of endogeneity in their analysis of the impact of institutions on growth: What is the specific endogeneity problem they are concerned about?
    • A. 

      Resource endowments generate both good institutions and economic growth.

    • B. 

      People migrate from poor to rich countries.

    • C. 

      ​Highly contagious diseases would affect the extent of colonial activity and economic growth.

    • D. 

      Institutions may cause growth, but richer countries can afford to create and maintain higher quality institutions.

    • E. 

      None of the above.

  • 16. 
    How do Rodrik and Subramian (2003) deal with the issue of endogeneity in their statistical analysis?
    • A. 

      They carefully code and test each institution separately.

    • B. 

      They don't say.

    • C. 

      They use instruments used in previous research.

    • D. 

      There are no statistical methods for dealing with the issue of endogeneity. 

  • 17. 
    Rodrik and Subramian (2003) advocate a specific constellation of institutions that will achieve the optimum benefits.
    • A. 

      True

    • B. 

      False

  • 18. 
    What does it mean when Rodrik and Subramanian say that geography is an exogenous factor in their analysis of the factors that shape national wealth?
    • A. 

      Geography has no effect on national wealth.

    • B. 

      Geography's effect on national wealth is indirect.

    • C. 

      Geography is not itself shaped by national wealth.

    • D. 

      Geography does not change over time.

    • E. 

      None of the above.

  • 19. 
    MacIntyre (2001) argues that a greater number of veto players leads to:
    • A. 

      Higher likelihood of economic crisis

    • B. 

      Greater policy risk for investors

    • C. 

      Greater policy flexibility

    • D. 

      ​greater policy stability

    • E. 

      None of the above

  • 20. 
    Which of the main four Southeast Asian country discussed in MacIntyre (2001) was least hard hit by the Southeast Asian crisis in the late 1990s?
    • A. 

      ​Philippines

    • B. 

      Thailand

    • C. 

      Malaysia

    • D. 

      Indonesia

  • 21. 
    MacIntyre (2001) argues that, of the four main Southeast Asian countries, the country with the most veto points at the time of the crisis was:
    • A. 

      ​Indonesia

    • B. 

      Philippines

    • C. 

      Malaysia

    • D. 

      Thailand

  • 22. 
    MacIntyre (2001) assigns two veto points for Malaysia to represent the dueling policy positions of Prime Minister Mahathir and his Finance Minister Anwar Ibrahim but reduces this to one when Mahathir had Anwar fired and arrested in the second half of 1998.
    • A. 

      True

    • B. 

      False

  • 23. 
    MacIntyre (2001) argues that the intermediate number of veto points in the Philippines helps to explain why its economic growth and ability to attract foreign direct investment had been among the best in Southeast Asia over the past two decades.
    • A. 

      True

    • B. 

      False

  • 24. 
    MacIntyre (2001) argues that Thailand's crisis began on July 2nd, 1997, when its pegged exchange rate collapsed.
    • A. 

      True

    • B. 

      False

  • 25. 
    MacIntyre (2001) argues that the Indonesian economy suffered from the fact that Suharto could unilaterally order strong and immediate action on any front.
    • A. 

      True

    • B. 

      False

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