ECONOMICS 1120116 - 174 A B C D

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174) Globalization refers toA) the process of countries becoming more open to foreign trade and investment.B) the process of establishing a common world currency.C) the willingness of individuals within a given country to share knowledge with one another.D) the reduction in growth rates of real GDP per capita as a result of trade with foreigncountries.Answer: A174)Page Ref: 756/374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.175) Countries that are more globalized tend to have175)Page Ref: 756/374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.176) The growth rate of real GDP per capita in Mexico was negative in which of the following timeperiods?176)Page Ref: 753-755/371-373Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.177) From 1980 to 2014, the average annual growth rate for the Mexican economy has been 0.8percent. Based on that growth rate and using the rule of 70, the number of years it will take realGDP per capita to double in Mexico is approximately177)Page Ref: 753-755/371-373Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.178) Foreign direct investment declined worldwide during the recession of 2007-2009. The decline inforeign direct investment in developing countries can make it more difficult for these countries tobreak out of the vicious cycle of low economic growth andA) low government spending.B) a low import/export ratio.C) overpopulation.D) low saving and investment.Answer: D178)Page Ref: 756/374Learning Outcome: Macro-16: Discuss the obstacles to development in developing countries and ways toaddress those obstacles.43
179) Foreign direct investment in the United States declined 42 percent in the first quarter of 2009.This means that

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