I- increasing the LDC’s technological dependence on foreign sources resulting in less technological innovation by local workers
II- Hamper local entrepreneurship and investment in infant industries
III- increase unemployment rates from unsuitable technology
IV- Restrict subsidiary exports when they undercut the market of the parent company
Economics Mcqs
By which process the holder of a mortgage seizes the property of a homeowner who has not made interest and or principal payments on time as stipulated in the mortgage contract ?
A. Foreclosure
B. Default
C. Bankrupt
D. None of these
Carmen Reinhart and Kenneth Rogoff explain the paradox of capital flows from poor to rich countries by ?
A. the brain drains from LDCs to DCs
B. the price role of political and credit-market risk in many LDCs
C. the law of increasing returns that implies that the marginal productivity of capital is higher in LDCs
D. the fat that the DC capital market is perfectly competitive
Which exchange rate system is characterized by the absence of government intervention ?
A. Free float
B. Clean float
C. Both of them
D. None of them
The U.S real food aid, as well as food reserves dropped from the 1960s to the 1980s partly because ?
A. the transportation and storage cost increased tremendously
B. proponents of basic-needs attainment opposed food-aid
C. U.S farm interests wanted to reduce surplus grain stocks
D. agricultural production suffered excessively due to weather changes
What is called when a private company first offers shares to the public market and investors ?
A. Public offering
B. Public floating
C. going public
D. Coming public
For Harvard’s Dani Rodrik Globalization involves ?
A. decreasing autonomy of the nation-state involves
B. the increasing international integration of markets for goods services and capital
C. changes of a traditional culture of a country to a western culture
D. giving aid to poor countries to improve their economy politics and social status
What is called the excess of purchase price over fair market value of net assets that are acquired under the purchase method of accounting ?
A. Bonus
B. Up level
C. Goodwill
D. Upgradation
U.S total official development assistance to developing countries is ?
A. lowest among the OECD countries
B. higher currently than it was in the 1960s and 1970s
C. is equivalent to Holland’s aid
D. None of the above statements is true
What is called that legal process through which a company receives a charter and state in which it is based allows it to operate as corporation ?
A. Going legal
B. Book corporation
C. Chartered corporation
D. Incorporation