VWL Kapitel 14 & 15

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This flashcard set delves into advanced topics of economics at the university level, focusing on chapters 14 and 15. It explores key concepts like tax revenue, GDP, and the role of state-owned enterprises, with a particular emphasis on the differences between developed and developing countries. The set also covers aid, investment, and the impact of multinational corporations. Ideal for students and professionals in economics and politics, it provides a comprehensive overview of macroeconomic stabilization, financial repression, and the benefits of privatization.

Karten

Lernende

Sprache

Englisch

Kategorie

Politik

Stufe

Universität

Erstellt / Aktualisiert

28.12.2018 / 25.01.2019

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An argument in favor of foreign direct investment is that it tends to

reduce inequality

promote rural development

increase access to modern technology

decrease local ownership

Which of the following is an argument against MNCs? (multinational corporation)

A reduction in inequality

An increase in the use of labor intensive technology

A deterioration of the balance of payments accounts

an increase in government tax revenue

non of the above

One of the significant criticism of MNCs is

the relatively low wages they pay

on balance, they bring in more capital than officially registered

increased economy monetary policy effectiveness

all of the above

non of the above

The amount of foreign aid in proportion to developed country`s GDP has

increased over time

remained fairly stable over time

decreased over time

fluctuated widely but has shown no clear trend

MNCs can often decreased their tax liability through

use of more capital-intesive techniques

use of transfer pricing

use of more foreign input sources

bargaining with the host country

non of the above

A motivation of developed countries in providing development assistance is

The creation of market

geopolitical influence

genuine humanitarian concern

all of the above

none of the above

Whithin tied aid

MNC investment depends on tax concessions

aid recipients must use aid to purchase goods and services from the donor

aid recipients must follow World Bank/ IMF conditionality

all of the above

The developing area receiving the largest share of direct foreign investment is/are

Africa

Asia

Latin America

Trasition economies

Which of the following in not a type of portfolio investment

Investment in stocks

Multinational Corporation investment

investment in commercial paper

all are types of portfolio investment

non are types of portfolio investment

The best explenation for the 1994/95 collapse of the Mexican peso and stock market is

free movement of capital internationally is destabilizing for a developing country

portfolio investments were camouflaging overvalued exchange rates

debt for equity swaps had created imbalances in the ownership structure of the economy

the potential benefits of NAFTA (Northamericanfreetradeagreement) had been oversold

In the two-gap model, which of the following gaps, when binding leads to foreign aid having the larger impact on GNP

fiscal gap

savings gap

Foreign exchange gap

non of the above

Voluntary organizations that work with and on behalf mostly local grassroots organizations in developing countries are termed

international organizations

Nongovernmental organizations

multilateral instistutions

equity organizations

none of the above

A model comparing savings and foreign exchange constraints to see which is binding for economic growth is known as a

project appraisal

two gap model

computable general equilibrium

trickle down model

non of the above

Wich of the followings countries regularly meets the UN target for the provision of foreign aid as a percent of GNI

Japan

United States

Denmark

France

During 1990-2003 as percentage of total resources flowed to developing countries, the share of official flows

remained relatively constant

increased by a relatively small percentage

increased by a relatively large percentage

decreased by a relatively small percentage

decreased by a relatively large percentage

As a percentage of GNI, which of the following countries provids the greatest amount of foreing aid

Unites Kingdom

United States

Italy

Sweden

As an absolute amount (billions of dollars), which of the following countries provides the greatest amount of foreign aid

United Kingdom

United States

Italy

Sweden

The direct benefit of out-migration to a developing nation include

loss of skilled workers

increased remittances

job growth

larger capital formation

The largest recipient of remittances in dollars in the year 2004 was

India

Mexico

Pakistan

the Philippines

Kapitel 15: A developed bank

accepts deposits from the poor

makes loans for industry expansion

is an agency such as the World Bank

all of the above

none of the above

Kapitel 15: The evidence regarding military spending is that is

reduces growth

has no effect on growth

increases growth

presents no clear pattern

Kapitel 15: Among the rationales for state-owned enterprises is

the existent of a monopoly

the need for capital formation

the desirability of national control over strategic sectors of the economy

all of the above

non of the above

Kapitel 15: Among the rationales for state-owned enterprices is

that the private sector is inefficient

that there is unemployment of capable managers

desirability of national control over strategic sectors of the economy

all of the above

none of the above

Kapitel 15: Among the benefits of privatuation of state-owned enterprises is

increased employment

improved efficiency

reduced pollution

all of the above

none of the above

Kapitel 15: one of the characteristics of financial repression is

negative real interest rates

lack of credit rationing

capital flowing to the highest rate of return

all of the above

none of the above

Currency substitution means

use of money instead of barter (Tausch)

use of countertrade instead of money

use of foreign exchange instead of domestic currency

all of the above

Kapitel 15: Macroeconomics stabilization involves

reduction of inflation

reduction of government budget deficits

reduction of trade deficits

all of the above

none of the above

Kapitel 15: Which of the following is an objective of macroeconomic stabilization

Eliminating current account deficits

controlling inflation

restoring fiscal balance

all of the above

Kapitel 15: The military expenditures of developing economies make up approximately

1% of GDP

3% of GDP

5% of GDP

10% of GDP

Kapitel 15: When it comes to the composition of tax revenues from different sources

developing countries derive the largest portion of their revenue from income taxes and developed countries from consumption taxes

developing countries derive the largest portion of their revenue from consumption taxes and developed countries from income taxes

both developing countries and developed countries derive the largest portions of their revenue from income taxes

both developing countries and developed countries derive the largest portions of their revenue from consumption taxes

Kapitel 15: From 1995-97, tax revenue as a percent of GDP

was roughly equal between developing and developed countries

was a few percentage points higher for developed than for developing countries

was a few percentage points lower for developed than for developing countries

was much higher (app. double) for developed countries than for developing countries

was much higher (app. double) for developing countries than for developed countries

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