A critic of “Shock therapy” to transition economies. Vladamir Popov, contends that shock therapists put a heavy emphasis on ? A. introducing the reform package at once to ensure that it became too late and costly to reverse the reforms…
Privatization refers to a range of policies including ? I. changing part of a public enterpris’s ownership to the private sector II. Liberalization of entry into activities previously restricted to the public sector III. two infant industries merging into a…
State-owned enterprises (SOEs) are also called ? A. centralized firms B. government oligopolies C. market economiesD. public enterprises
The industrial concentration ratio is the proportion of an industry’s output ? A. produced by the three largest firms in the industry B. produced in cement, machine tools and steel industries C. and labor intensities relative to labor productivity D.…
In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ? A. special economic zones B. liberalized trade monopoly zones C. Economic Union zones D. Communist free trade…
Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ? A. contractionary monetary and fiscal policies B. currency devaluationC. long-run institutional and structural economic change D. short term-adjustment with a human face
Countries facing a persistent external deficit can ? I. borrow overseas II. increase trade restrictions and exchange controls III. undertake expansionary monetary and fiscal policies IV. Undertake expenditure-reducing policies A. I and II only B. III and IV only C.…
S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ? A. S – I = X = M B. S +…
Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort? A. U.S B. OECDC. IMF D. OPEC
Pathologies endemic to the Soviet bureaucracy included secrecy formalism cumbersome procedures rigidity and the tendency to concentrate on control rather than performance The party controlled The state by using the ____ the power to recommend and approve managers in administration…