Question 16 The European Union membership criteria includes all of the following

Question

Question 16

The European Union membership criteria includes all of the following except

Select one:

a. the country must follow market-based economics.

b. the country must formally adopt the EU-wide rules such as technical standards, environmental inspections, banking supervision, etc.

c. the country must be a stable functioning democracy.

d. the country must participate in free trade with all of its goods and services.

Question 17

Starting from a balanced budget, which of the following would NOT cause a government budget deficit?

Select one:

a. An increase in transfer payments

b. A decrease in taxes

c. An increase in spending of goods and services

d. A 50 percent increase in spending accompanied by a 50 percent increase in taxes

Question 18

One of the main causes of economic inequality in Latin America is the

Select one:

a. focus of governments on agricultural exports to the detriment of food production.

b. failure of governments to support urban consumers.

c. oil crisis of the 1970s.

d. lack of governmental interest in solving the problem of inequality.

e. lack of progress in raising agricultural productivity.

Question 19

Which of the following is NOT a problem with excessive debt?

Select one:

a. If debt service is substantial, schools, health clinics, roads, ports, other infrastructure, and social needs are less likely to be addressed.

b. It worsens the central government's budget position by adding large debt service payments to other budget items.

c. It reduces the quantity of resources available to invest in economic development.

d. It can reduce the chance of a crisis.

Question 20

All else equal and given the current system of exchange rates, if the United States enters a period of exceptionally strong growth,

Select one:

a. the pressure on the dollar is to depreciate.

b. the pressure on the dollar is to devalue.

c. the pressure on the dollar is to revalue.

d. the pressure on the dollar is to appreciate.

Explanation / Answer

Ans16)d is the correct option. the country must participate in free trade with all of its goods and services.

Ans17) none of the above is true. All the options will lead to government budget deficit

Ans18) b is the correct option. failure of governments to support urban consumer

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.