1 A) The poverty rate has increased dramatically. B) For every 1% increase in per capita incomes, poverty declines nearly 10%. C) Economic growth has had no impact on poverty rates. D) The poverty rate has been reduced nearly 50%. 2 A) takeoff, transition, semi-development, high development, primitive equilibrium B) primitive equilibrium, transition, takeoff, semi-development, high development C) takeoff, primitive equilibrium, semi-development, transition, high development D) primitive equilibrium, takeoff, transition, semi-development, high development 3 A) free enterprise economy B) command economy C) traditional economy D) market economy 4 A) They are forced out of the country and lose their businesses. B) Their labor force is increased. C) Their costs of production increase. D) Their profits increase. 5 A) International Finance Corporation B) International Bank for Reconstruction and Development C) International Development Association D) International Monetary Fund 6 A) customs union B) cartel C) free-trade area D) Euro 7 A) regional peace and stability B) accelerated economic growth C) liberalized trade policies D) All of these are goals of ASEAN. 8 A) conversion of state-owned factors to non-government ownership B) forced common ownership of all agricultural, industrial, and trading enterprises C) the restructuring of the Soviet economy D) market in which goods are sold illegally 9 A) used them to develop automatic stabilizers and social welfare nets B) allowed citizens to use vouchers to vote in democratic elections C) issued certificates that could be used to purchase government-owned company property and convert it to corporations D) allowed citizens to use vouchers to pay for college educations 10 A) privatizing industries and introducing market reforms B) instituting the Great Leap Forward in an attempt to revolutionize industrial and agricultural production almost overnight C) collectivized industrial and agricultural production D) introduced black market operations
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