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1、File:Chapter38MacroPoliciesinDevelopingCountriesTrue/False[QUESTION]1.Mostoftheworld'spopulationlivesindeveloped,ratherthandeveloping,countries.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:38-01Topic:DevelopingCountriesinPerspective
2、Feedback:Seedatainthetext.[QUESTION]2.Whenincomecomparisonsaremadeusingpurchasingpowerparityratherthanmarketexchangerates,thegapinpercapitaincomebetweendevelopedanddevelopingcountriesbecomessmaller.Ans:TrueAACSB:ReflectiveThinkingBloom’s:UnderstandDifficulty:02MediumLear
3、ningObjective:38-01Topic:DevelopingCountriesinPerspectiveFeedback:Purchasingpowerparitycomparisonsshowthatgoodscostsignificantlylessindevelopingcountriesthanindevelopedcountries.[QUESTION]3.Developingcountriestendtofocusmoreonthegoalofeconomicgrowththandevelopedcountries
4、.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:38-02Topic:GrowthversusDevelopmentFeedback:Becausedevelopingcountriesaresomuchpoorerthandevelopedcountries,increasingpercapitaincomeisamuchhigherpriorityindevelopingcountries.[QUESTION]4.
5、Communalpropertyrightsandtradition,ratherthanmarketinstitutions,determineeconomicrelationshipsinmanydevelopingcountries.Ans:TrueAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01Easy©2017byMcGraw-HillEducation. Thisisproprietarymaterialsolelyforauthorizedinstructoruse
6、.Notauthorizedforsaleordistributioninanymanner. Thisdocumentmaynotbecopied,scanned,duplicated,forwarded,distributed,orpostedonawebsite,inwholeorpart. LearningObjective:38-02Topic:GrowthversusDevelopmentFeedback:Manymarketinstitutions,suchaspropertyrightsandcontractlaw,do
7、notexistorarepoorlydevelopedinmanydevelopingcountries.[QUESTION]5.Developingcountries,likemanydevelopedcountries,haveadualeconomy.Ans:FalseAACSB:ReflectiveThinkingBloom’s:RememberDifficulty:01EasyLearningObjective:38-02Topic:GrowthversusDevelopmentFeedback:Developedecono
8、miesdonothavedualeconomies;theydonothaveatraditionalsector,likemostdevelopingcountries.[QUESTION]6.Areg
