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ECO348

Question: The combination of laissez-faire economic theory with the removal of barriers to the movement of goods is called	
Answer:  Liberalization

Question: According to Senior (2006),	
occurs when a corruptor covertly gives a favour to a corruptee or to a nominee to influence action(s) that benefit the corruptor or a nominee, and for which the corruptee has authority
Answer:  Corruption

Question: The possibility that welfare gains may be gotten by adopting a free-trade regime is the central conclusion flowing from David RicardoVs celebrated
Answer:  Comparative-Advantage Model

Question: The curve which shows visually the distribution of one variable (income) across a population is called	
Answer:  Lorenz curve

Question: In what fields is globalization seen as global mass culture dominated by the modem means of cultural production, like movies and internet
Answer:  Sociology and Communications

Question: What a government decides explicitly to do is called	
Answer:  Policy

Question: The international capital and trade data contain a balancing error term called
Answer:  net errors and omissions

Question: An area where the government cannot keep the peace, nor exercise its legal powers, over the whole, or at least the great bulk, of the area and population within its jurisdiction is referred to as a	
Answer:  Failed State

Question: Goods that every state after a fashion desires but which uncoordinated action by individual states will not deliver are called
Answer:  Global public goods

Question: Initially, the main aim of World
Bank was to provide	for the speedy
rehabilitation o f countries devastated by the Second World War
Answer:  loans

Question: Specific problems of liberalization may include all of the following except
Answer:  Religious and ethnic crisis




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