economics global economies developing countries economics homework help

Most developing nations have a high GDP per capita and advanced infrastructure.

True or False

=============================

In the first stage in economic development, a nation is _________.

---

a. takeoff

b. capital flight

c. primitive equilibrium

d. zero population growth

=================================

________ is an international organization that offers advice to all countries on monetary and fiscal policies.

A. IMF

B. World Bank

C. Private investments

D. International trade

===========================

___________ is a group of countries that have agreed to reduce trade barriers amongst themselves, but lack a common tariff barrier for non members.

---

a. A cartel

b. The IMF

c. The AESN

d. Free trade area

===================================

The adoption of the euro is optional for any nation in the world.

a. True

b. False

===============================

Which of the following was created from influences of the EU?

---

a. cartel

b. World Bank

c. ASEAN

d. OPEC

==============================

__________ is an economic system in which private citizens own and use factors of production to generate profit.

---

a. Cartel

b. privatization

c. Collectivization

d. Capitalism

==============================

_________ economic, political, and social union established in 1993 by the Maastricht Treaty as the successor of the European Community.

---

a. European Union

b. IMF

c. World Bank

d. free trade area

==================================

To generate profit, some state owned factories can converge to private owned.

---

a. True

b. False

================================

The facilitators of the Five-Year Plan were _________.

---

a. cartels

b. Gosplan

c. AESN

d. EU

=====================================