16. A primary requirement for development is: a. government control over the pro
ID: 2439629 • Letter: 1
Question
16. A primary requirement for development is:
a. government control over the production of essential consumer products.
b. government control over the distribution of natural resources.
c. a high confidence in foreign currency.
d. a low and predictable inflation rate that encourages saving.
e. printing money to finance a large proportion of public outlays.
17. Identify the correct statement about the securities market.
a. Secondary markets make shares readily convertible into cash and increase the liquidity of securities.
b. Secondary markets make bonds readily convertible into cash and increase the funds available with a corporation.
c. The securities market decides the value of a corporation on the basis of its profits.
d. The securities market decides the value of a corporation on the basis of the number of years it has registered profits.
e. The securities market decides the value of a corporation on the basis of the number of its employees.
18. The present value of receiving M dollars in year t when the prevailing interest rate is i is given by the formula _____.
a. M ? it
b. M × (1 ? i)t
c. M/(1 + i)t
d. M/(i x t)1
e. M/it
19. The Equal Employment Opportunity Commission was established to:
a. expand the safety net for unemployed workers.
b. encourage self-employment and self-sufficiency among black workers.
c. monitor cases involving unequal access to promotion.
d. protect the rights of the workers in the unorganized sector.
e. protect the rights of the workers in the organized sector.
20. Which of the following is true of bilateral funding?
a. It is provided by the World Bank only.
b. It is tied to the purchase of goods and services from donor countries.
c. It includes grants and loans that are extended at very high interest rates.
d. It is provided by the International Monetary Fund only.
e. It is provided by philanthropic organizations.
21. The reinvested profits of a corporation are known as:
a. retained earnings, and these help a firm to grow.
b. dividends, and these are paid to the shareholders of the corporation.
c. dividends, and these are paid to the bondholders of the corporation.
d. retained earnings, and these are retained by the entrepreneur.
e. retained earnings, and these are retained by shareholders.
22. Which of the following is true of welfare reforms in the United States?
a. Almost all individuals leaving welfare have full-time jobs.
b. The earned-income tax credit was discontinued after the introduction of the Social Security program.
c. Single mothers who head families have found jobs.
d. Former welfare recipients who are now working find that they no longer qualify for food stamps, child care, or Medicaid.
e. Welfare rolls remained stable during the late 1990s and the early twenty-first century.
23. Which of the following is true of the foreign aid provided by the United States?
a. During the last four decades, the U.S. has provided less than $400 million in aid.
b. Most U.S. aid has been coordinated by the Department of Defense.
c. The U.S. Agency for International Development emphasizes short-range plans.
d. The U.S. Agency for International Development focuses on health, education, and agriculture.
e. Foreign aid is a large part of the U.S. federal budget.
24. The newly industrialized Asian economies have developed by adopting the latest technology and investing in _____.
a. human capital
b. the agricultural sector
c. defense equipment
d. public infrastructure like roads, communication, and transport
e. developing consumer-oriented products.
25. Which of the following is a reason for many developing countries to open their economies to free trade?
a. Domestic producers do not recognize their potential losses.
b. Customers do not recognize their potential gains.
c. The government lacks political will to remove impediments to development.
d. Consumers and firms are aware of the products and technology available abroad.
e. The potential winners from free trade remain largely unaware of the gains from trade.
Explanation / Answer
17. Correct option: Secondary markets make shares readily convertible into cash and increase the liquidity of securities.
Explanation: already issued shares are traded in secondary market. secondary market provides liquidity and marketability to securities .securities are traded over the counter or just by calling the bond broker.
16. Correct answer: low and predictable inflation rate that encourages saving
Explanation: low inflation leads to low real and nominal interest rates and that reduces the cost of borrowing. Low rates also encourages people to save and that leads investment and production of capital goods.
18.Correct option: C. M/(1 + i)t
Explanation: in order to calculate present value of any amount that is expected to be recieved in future, we use following formula.
Present value = future value / ( 1 + interest rate)Time
19. Correct option : c. monitor cases involving unequal access to promotion.
Explanation; established in 1964 by the civil rights act, equal employment opportunity Commission keep track of cases related to discrimination (on basis of cast, race, colour, gender) in opportunity, pay and promotion at work place
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