International Economic Policy - Study Guide for Quiz | ECON 385, Quizzes of International Economic Relations

Download International Economic Policy - Study Guide for Quiz | ECON 385 and more Quizzes International Economic Relations in PDF only on Docsity! QUIZ #2: ECONOMICS 385 (STUDY GUIDE) Like the first quiz, the second quiz will have two sections. The first section will consist of identifying seven terms. The second section will consist of nine multiple choice questions. These questions will be restricted to the terms and concepts listed below. SECTION A. MATCHING _____ 1. Anthropocene A. Imbalance between low consumption in China and India and investment _____ 2. Demographic opportunities in the rest of the Transition world _____ 3. Greenhouse Gases B. Graph showing the age/sex compo- sition of the population _____ 4. Malthusian Dilemma C. Theory that the rate of growth in population will exhaust _____ 5. Population Age available resources Pyramid D. Water vapor, methane, CO2 _____ 6. Total Fertility nitrous oxide Rate E. Inability of a country to grow _____ 7. World Savings Glut F. Number of elderly divided by non- elderly adults G. Lowered mortality then fertility rates that stabilize population H. Era during which humans have exerted increasing control over the environment I. A population’s birth rate measured over an entire life cycle SECTION B. MULTIPLE CHOICE QUESTIONS 8. Which of the changes below does Sachs believe will shape the 21st century? a. Economic growth will narrow the income gap between the richest and poorest countries. b. A few nations will not share in this growth because of poor education, infrastructure and governance. c. Countries will become urbanized. d. all of the above 9. When growth follows a convergent path if: a. consumption grows until it hits household incomes. b. incomes grow slower each year. c. higher income countries grow slower than low income ones. d. the incomes of the poorest citizens in a single country grow faster than incomes of the country’s richest citizens. 10. The primary source of CO2 emissions is: a. the production of electricity. c. agriculture b. transportation. d. plant growth. 11. Which of the items below is a weakness in the Kyoto Protocol? a. It allows fast growing nations such as China and India to avoid reducing their emissions. b. It has not been signed by a major emitter, the U. S. c. Its cap and trade system has not been as effective as hoped. d. all of the above 12. According to Keeling, CO2 concentrations in the atmosphere: a. grow consistently higher each month. b. grow steadily due to human activity but vary by season. c. vary according to a long term cycle of solar activity. d. vary randomly. 13. Countries are caught in the poverty trap because: a. their infrastructure prohibits increased production. b. their children work in agriculture instead of going to school. c. entrepreneurs do not invest because the rule of law is not respected. d. all of the above 14. Arguably the biggest crisis of the 21st century will be: a. the inability of countries to reach argument on solving common problems. b. increasing poverty in most countries. c. falling populations on every continent except Africa. d. keeping up with technological changes. 15. Globalization has: a. increased the paced of global warming without any hope of getting carbon emissions under control. b. increased the paced of global warming and heightened the need for international agreements about a solution. c. had no effect on global warming because CO2 concentrations are not closely related to human activities. d. had no effect on global warming because increased CO2 emis- in Asia have been offset by sequestration elsewhere. 16. The recent financial crisis: a. began in U. S. mortgage markets but spread to the recent of the world through the linkages in world financial markets. b. is just one of a series of international financial crises due to the spreading of risk across many financial systems. c. was isolated in the U. S. only. d. a and b