Economics Questions
Explore questions in the Economics category that you can ask Spark.E!
Banks are ______ expensive than predatory financial services
What was the goal which was agreed to for limiting the increase of global temperature (in degrees Celsius)?
Which US state has invested the most in wind energy?
How long have electric vehicles been an option for American drivers?
What is the significance of the added weight required by EEV batteries?
What is the #1 renewable energy currently used in the US?
Which of the following could lead to a high current account deficit in the long term?(When GDP per capita is higher than GNI per capita it means that may foreign companies are active in the country. The profits made from the jobs that these companies create will flow back into the foreign company which will lead to a current account deficit)
Which of the following would indicate economic development?(Less disparities in the distribution of income shown by the Gini coefficent will be an indicator of economic development)
Which countries tend to have higher GDP per capita than GNI per capita?(LEDCs have higher GDP per capita than GNI per capita because they receive much foreign direct investment into their countries. The opposite is true for MEDCs)
If we are to rank a country's GDP per capita and HDI, in what category would it be ranked higher?(This depends on the country, some might have a higher rank in their GDP per capita while others have a higher rank in their HDI)
What does The Economist measure with the Big Mac Index?
Considering the multidimensional nature of economic development, which elements below should be taken into consideration?I - Reduction of taxes for all citizens of a nationII - Stable control of interest ratesIII - Reduction of widespread povertyIV - Improvement of living standards for all citizens of a nationV - Reduction of income inequalitiesVI - Increased employment opportunities
If the life expectancy at birth in a country is 50 years today, what kind of country can we expect it to be?
What kind of measure of development is the Human Development Index (HDI)?(Composite (combined) indicators- look at multiple values to gauge economic development)
Which of the following is not a usual cause of low standards of living in LEDCs?(High taxes are usually not present in LDCs)
In what countries do we expect to find the lowest adult literacy rate?
If a multinational company starts a huge factory in a LEDC, what indicator of development for the LEDC will increase?(As the new factories come in production will ncrease and new job opportunities will arise. Since this company is mulination and therefore own by foreigners GNI will not increase, GDP er capita does increase, as well as possibly HDI)
Is the following claim correct?'All LEDCs have poor resource endowment.'(LEDCs have different resource endowments. Some have very few resources while others have plenty such as oil and diamonds)
What do we call an overall improvement in the standards of living in a country?(Economic development is defined as the overall improvement in the standards of living)
Which of the following does not necessarily lead to economic development?(Economic growth does not necessarily lead to economic development)