Biology Forums - Study Force

One thing that did not happen in the former Soviet Union was
 a. widespread corruption
  b. a lack of faith in formal institutions
  c. workers bribing officials to get good jobs
  d. consumers paying fair market prices to get desired products
  e. prices not being allowed to allocate resources efficiently

QUESTION 2

How many countries in the world have failed to come up with the rules of the game that lead to sustained economic growth?
 a. none
  b. most
  c. half
  d. one
  e. There is not enough data to answer this question

QUESTION 3

In the developing country of Sixsigma, most likely
 a. resource owners tend to supply their resources where are most valued
  b. almost all workers are employed in service industries
  c. links to family or clan are totally unimportant
  d. children are expected to choose occupations as different as possible from their parents' occupations
  e. family businesses resist growth to avoid having to hire people from outside the family

QUESTION 4

Which of the following can help shape the incentive structure of the country of Gammaland?
 a. resource availability
  b. prices
  c. income
  d. incentives
  e. All of the answers are correct

QUESTION 5

A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy.
 a. True
  b. False

QUESTION 6

Which of the following is not an example of an institution (rules of the game)?
 a. formal rules of behavior
  b. government takeover of private corporations
  c. a constitution
  d. informal constraints on behavior
  e. traditions

QUESTION 7

Most of the labor force in developing countries work in the low wage manufacturing sector.
 a. True
  b. False

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