Economics Mcqs

A. an economy more open to foreign trade and investment faces a more inelastic demand for unskilled workers
B. employers and consumers can more readily replace domestic workers with foreign workers by investing abroad or buying imports
C. globalization increases job insecurity
D. financial liberalization in LDCs leads to collapse of the economy

A. During the 1980s OECD countries contributed four fifths of the world’s bilateral official development assistance to LDCs
B. In the early 1990s the OECD contributed 98 percent of all aid
C. The OECD aid increased from $6.9 billion in 1970 to $8.9 billion in 2001
D. In 2001, only Denmark Norway, Sweden, the Netherlands, and Luxembourg exceeded the aid target for LDCs

I- are understaffed politically muddled and administratively complex
II- are biased toward Asia
III- go primarily to less developed countries in Africa
IV- focus on loans and the grant element of aid is low

I- developments grants
II- loans with at least 25 percent grant element
III- military assistance
IV- technical cooperation