ECON 4310 EXAM 2 MC REVIEW QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED!!! ALREADY GRADED A+
Using standard methods to measure benefits and costs, the private rate of return on education cannot
be less than the social rate of return because: - (answer)social costs include public-sector outlays as well
as private costs of schooling.
In low-income countries, the social rate of return generally is highest for investment in: -
(answer)primary education
Which of the following is NOT a lesson learned from China's family planning policy?
a. Broad economic growth at the same time helps decline in population growth in China.
b. Though successful, family planning policies may have long-term consequences.
c. Gender imbalance may result.
d. Other nations can replicate China's policies. - (answer)d
The greatest gains in secondary education, measured by gross secondary school enrollment rising from
38 percent in 1975 to 90 percent in 2005, have occurred in: - (answer)Latin America
Which of the following is NOT a consequence of the one-child policy in China?
a. larger and younger working population
b. aging population
c. slower population growth rate
d. more imbalanced boy-girl sex ratio - (answer)a
Which of the following person is best described as a population optimist?
a. Julian Simon
b. Robert Fogel
c. Thomas Malthus
d. David Ricardo - (answer)a
, ECON 4310 EXAM 2 MC REVIEW QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED!!! ALREADY GRADED A+
For the students' families in developing countries, the main implicit cost of secondary education is: -
(answer)earnings or work at home forgone when the student attends school.
The social return to educating women may exceed that of educating men for all of the following reasons
EXCEPT:
a. educating women reduces child mortality.
b. educating women reduces fertility.
c. educating women reduces the spread of HIV/AIDS.
d. educating women leads them to earn a higher income than men. - (answer)d
Which of the following is NOT a standard restriction placed on FDI by governments interested in
capturing the benefits of that investment?
a. performance requirements
b. labor requirements
c. restrictions on profit repatriation
d. production schedules - (answer)d
According to the life-cycle model of household savings, when do savings rates tend to peak in a person's
working years?
a. beginning
b. middle
c. end
d. both b and c - (answer)d
Which of the following cannot explain why the value-added tax (VAT) form of the sales tax is preferred in
many developing countries?
a. VAT encourages savings.
b. VAT does not cause any deadweight loss
ANSWERS 100% VERIFIED!!! ALREADY GRADED A+
Using standard methods to measure benefits and costs, the private rate of return on education cannot
be less than the social rate of return because: - (answer)social costs include public-sector outlays as well
as private costs of schooling.
In low-income countries, the social rate of return generally is highest for investment in: -
(answer)primary education
Which of the following is NOT a lesson learned from China's family planning policy?
a. Broad economic growth at the same time helps decline in population growth in China.
b. Though successful, family planning policies may have long-term consequences.
c. Gender imbalance may result.
d. Other nations can replicate China's policies. - (answer)d
The greatest gains in secondary education, measured by gross secondary school enrollment rising from
38 percent in 1975 to 90 percent in 2005, have occurred in: - (answer)Latin America
Which of the following is NOT a consequence of the one-child policy in China?
a. larger and younger working population
b. aging population
c. slower population growth rate
d. more imbalanced boy-girl sex ratio - (answer)a
Which of the following person is best described as a population optimist?
a. Julian Simon
b. Robert Fogel
c. Thomas Malthus
d. David Ricardo - (answer)a
, ECON 4310 EXAM 2 MC REVIEW QUESTIONS AND CORRECT
ANSWERS 100% VERIFIED!!! ALREADY GRADED A+
For the students' families in developing countries, the main implicit cost of secondary education is: -
(answer)earnings or work at home forgone when the student attends school.
The social return to educating women may exceed that of educating men for all of the following reasons
EXCEPT:
a. educating women reduces child mortality.
b. educating women reduces fertility.
c. educating women reduces the spread of HIV/AIDS.
d. educating women leads them to earn a higher income than men. - (answer)d
Which of the following is NOT a standard restriction placed on FDI by governments interested in
capturing the benefits of that investment?
a. performance requirements
b. labor requirements
c. restrictions on profit repatriation
d. production schedules - (answer)d
According to the life-cycle model of household savings, when do savings rates tend to peak in a person's
working years?
a. beginning
b. middle
c. end
d. both b and c - (answer)d
Which of the following cannot explain why the value-added tax (VAT) form of the sales tax is preferred in
many developing countries?
a. VAT encourages savings.
b. VAT does not cause any deadweight loss
