DOC PREVIEW
KSU ECON 1100 - Exam 4 ECON 1100

This preview shows page 1-2-3 out of 9 pages.

Save
View full document
View full document
Premium Document
Do you want full access? Go Premium and unlock all 9 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 9 pages.
Access to all documents
Download any document
Ad free experience
View full document
Premium Document
Do you want full access? Go Premium and unlock all 9 pages.
Access to all documents
Download any document
Ad free experience
Premium Document
Do you want full access? Go Premium and unlock all 9 pages.
Access to all documents
Download any document
Ad free experience

Unformatted text preview:

ECON 1100 – Global Economics (Section 02) Exam #4 – Fall 2008 (Version A) Multiple Choice Questions (212 points each): 1. The “Great Leap Forward” refers to a. the economic movement launched by Mao in the late 1950’s to “harness the ideological fervor of the Chinese population” to the task of raising economic output. b. the social movement launched by Mao in the 1960’s to rid China of “liberal bourgeoisie elements” and continue “revolutionary class struggle.” c. the “free market” economic reforms instituted in China starting in the late 1970’s under Deng Xiaoping. d. None of the above answers are correct. 2. Jeffrey Sachs a. advised the Soviet government to increase their military spending in the late 1980’s, in order to defeat the United States in the “Cold War.” b. advised all Eastern Europe economies to remain under “command planning.” c. was a strong supporter of “Shock Therapy” as a method of economic reform in Eastern Europe. d. None of the above answers are correct. 3. “Life Expectancy at Birth” in India a. has decreased dramatically during the last decade, as a result of the country becoming “over-crowded.” b. has increased dramatically in recent years (from a value of 63.62 in 2003, to a current value of 69.25). c. is lower than any other country in the world. d. None of the above answers are correct. 4. ________ means “restructuring,” referring to restructuring of the Soviet economy. a. Glasnost b. Gossnab c. Perestroika d. Swadeshi 5. Under “command planning” in the Soviet Union a. the industrial sector was very efficient and could produce more output with fewer inputs than enterprises in similar sectors in other countries. b. it was more expensive to take a cab from the airport in Moscow to Red Square than it was to fly from Vladivostok to Moscow. c. a very large fraction of total resources were devoted to national defense. d. More than one of the above answers is correct.6. _________ was established on 1/1/1995 as a successor to GATT, in order to supervise international trade and to promote free trade among member countries. a. The International Criminal Police Organization (INTERPOL) b. The North American Free Trade Agreement (NAFTA) c. The World Trade Organization (WTO) d. The Organization for Economic Co-operation and Development (OECD) 7. Which of the following was NOT a part of the “Gaidar Reforms” introduced in Russia? a. The creation of a “Social Security System,” including unemployment compensation for individuals currently out of work. b. Policies of “market liberalization,” including decontrolling prices, allowing free entry into markets, decreasing the share of output absorbed by government, and establishing a legal system to support market activity. c. Nationalizing the “Commanding Heights” of the Soviet economy. d. The shift of resource use away from the defense sector and toward the production of non-military goods. 8. Pandit Nehru a. strongly opposed Indian Independence from Great Britain, and instead wanted India to remain a colony indefinitely. b. was the first Prime Minister of India, holding office from 1947-1964. c. had an economic vision for India which focused on “heavy industry and Soviet style Command Planning.” d. More than one of the above answers is correct. 9. Deng Xiaoping was the a. central figure behind the Indian Independence movement in the 1940’s b. Chairman of the Communist Party in China from 1945 through 1976. c. person most responsible for the economic reform and economic growth which has occurred in China since 1978. d. None of the above answers are correct. 10. Much of the economic growth that occurred in China since 1978 was concentrated in ___________, which grew at a rate of 17.3% per year between 1978 and 1993. a. the “Pearl River Delta” region of the Guangdong Province b. the highly productive agricultural regions of the Sichuan Province c. the autonomous region of Inner Mongolia d. the Tibetan Plateau 11. An “Iron Rice Bowl” a. refers to the emerging military power of China in the late part of the 20th and early part of the 21st centuries. b. describes the reforms instituted in Chinese agricultural starting in 1979. c. referred to a job within a Chinese State Owned Enterprise. d. None of the above answers are correct.12. Which of the following individuals is NOT considered part of the “Nehru-Gandhi Political Dynasty” discussed in lecture? a. Pandit Nehru b. Mahatma Gandhi c. Indira Gandhi d. None of the above answers are correct (since each of these individuals was a member of the “Nehru-Gandhi Political Dynasty”). 13. “Solidarity” was a. the title given to economic reforms instituted by Mikhail Gorbachev in Russia during the mid 1980’s. b. the notion that the free market is efficient in the long term, but in the short term gains may come from selective government intervention. c. the name of the Indian automotive company which produced the “Ambassador” (the highest quality car in the world by the late 1950’s). d. a trade union federation founded in 1980 at the Lenin Shipyards in Poland. 14. A “Special Economic Zone” a. was the complex system of licenses, controls, regulation, and red-tape that influenced economic decisions at all levels of production, investment, and foreign trade in India’s private sector from 1947 to 1990. b. is an international organization designed to supervise international trade and to promote free trade among member countries. c. is a State Owned Enterprise, which operates more efficiently than a privately owned enterprise. d. is a geographical region in which the behavior of enterprises is constrained by fewer restrictions than in the rest of the country. 15. Mahatma Gandhi’s economic vision for India was that of ____________, which focused on home production of basic goods, called for a “spinning wheel in every hut,” and sought self-sufficiency for every village. a. The British Raj b. Disinvestment c. Dupatta d. Swadeshi 16. One of the unique characteristics of Chinese economic reform is “gradualism,” which could be described as a. reform which proceeded along a path of “experimentation,” moving forward only in areas where policies had been tested and seen to work. b. reforms which focus on increasing the role of the state in the economy, by


View Full Document

KSU ECON 1100 - Exam 4 ECON 1100

Documents in this Course
Load more
Download Exam 4 ECON 1100
Our administrator received your request to download this document. We will send you the file to your email shortly.
Loading Unlocking...
Login

Join to view Exam 4 ECON 1100 and access 3M+ class-specific study document.

or
We will never post anything without your permission.
Don't have an account?
Sign Up

Join to view Exam 4 ECON 1100 2 2 and access 3M+ class-specific study document.

or

By creating an account you agree to our Privacy Policy and Terms Of Use

Already a member?