Q1. Which of the following best characterizes the relationship between technological advances, exchange rates, and economic output (in U.S. dollars) in emerging markets? Emerging countries currently utilize: A) low amounts of technology but output will increase as more is used due in part to appreciating currencies. B) low amounts of technology but output will increase as more is used. However, depreciating currencies will detract from growth. C) normal amounts of technology but output will increase as more is used due in part to appreciating currencies.
Q2. In which of the following BRIC countries is technological progress projected to be weaker? A) Russia and Brazil. B) Brazil and India. C) Russia and China.
Q3. Which of the following best characterizes the relationship between technological advances, exchange rates, and economic output (in U.S. dollars) in BRIC countries? A) Technological progress results in depreciating currencies and technological progress in Russia may lag that of Brazil, due in part to a weaker infrastructure. B) Technological progress results in appreciating currencies and technological progress in Russia may lag that of Brazil, due in part to a weaker infrastructure. C) Technological progress results in appreciating currencies and technological progress in Brazil may lag that of Russia, due in part to a weaker infrastructure.
Q4. Which of the following best characterizes the relationship between technological progress, the growth in capital stock, and economic output in the BRIC countries? A) Both technological progress and the growth in capital stock can have a large impact on economic growth. B) The growth in capital stock can have a large impact on economic growth but technological progress is less important for economic growth. C) Technological progress can have a large impact on economic growth but the growth in capital stock is less important for economic growth.
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