Question 46 The founding document of the European Economic Community, and the do

Question

Question 46

The founding document of the European Economic Community, and the document that continues to provide the basis for the European Union is the

Select one:

a. Treaty of Rome.

b. Maastricht Treaty.

c. Delors Report.

d. Treaty of Brussels.

e. Single European Treaty.

Question 47

Typically, the most important determinant of private investment in an economy is

Select one:

a. the inflow of foreign investment.

b. the outflow of private investment.

c. the size of the capital account surplus.

d. the size of the current account deficit.

e. the amount of domestic savings.

Question 48

The experience of the HPAEs has brought attention to predictions about income inequality made by Kuznets. He predicted that at first income inequality would ________ as economies began to develop. In the HPAEs experience it ________.

Select one:

a. fall; rose

b. rise; fell

c. There was no pattern.

d. decrease; decreased

e. rise; rose

Question 49

An exchange rate crisis is caused by

Select one:

a. a sudden and an unexpected collapse in the value of a nation's currency.

b. the adoption of a fixed exchange rate system by a country or group of countries.

c. the adoption of a flexible exchange rate system by a country or group of countries.

d. the inability of the IMF to predict the immediate collapse of the currency of a country.

Question 50

Special economic zones in China have been

Select one:

a. poor regions that are targeted for industrial development.

b. the same as export processing zones.

c. centers of economic reform.

d. closed to foreigners.

e. controlled by state run enterprises.

Explanation / Answer

Ans:

46) Option A

Treaty of Rome

The Treaty of Rome is the founding treaty of the European Economic Community.The Treaty of Rome is the document that continues to provide the basis for the European Union.

47) Option E

the amount of domestic savings.

Private investment is the money invested by individual investors,companies and other financial institutions.The most important determinant of private investment in an economy is the amount of domestic savings.

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