Midterm exam ECB2INTE 2018 MC set A2.docx - UNIVERSITEIT...

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UNIVERSITEIT UTRECHT International Economics, Spatial Interactions UTRECHT SCHOOL OF ECONOMICS Midterm exam Thursday March 8, 2018 11:00 – 13:00 MULTIPLE CHOICE QUESTIONS version A2 Remarks: This exam consists of a set of 30 multiple choice questions and 1 essay question. The maximum score for this partial exam is 100 units. Your grade will be the weighted average of your scores for the set MC questions (70%) and the essay question (30%). The results of the exam will be made public on Thursday March 22, 2018 at the Student Desk Economics, Adam Smith Hall, and on Blackboard. INSTRUCTIONS multiple choice: Your official answers are to be written on the multiple choice form. Only fill in the multiple choice form when having made a definite decision on your answers Fill in in the upper right corner of the form that this concerns version A2. Before handing in, put your signature in the upper right corner (handtekening kandida(a)t(e). Fill in your student number. Double check whether your student number is correct! For each question, colour in one circle with a blue or black pen. Did you colour the wrong circle? Put a cross through it, and colour the right circle. Do not fold or damage this form The duplicate of the form is for the student. 1
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1. Consider the following two statements: I. While the world was fairly integrated in the beginning of the 20 th century, most trade was in agricultural goods and raw materials, whereas today capital goods play a much greater role in exports and imports. II. The first wave of globalization stimulated mostly trade between neighboring countries, while the second wave of globalization primarily promoted trade over large distances. A. Both I and II are correct. B. I is correct; II is not correct. C. I is not correct; II is correct. D. Both I and II are not correct 2.Most economists support trade liberalization and open markets, because A.Trade creates jobs.B.Trade increases the profit margins of firmsC.Trade leads to a better allocation of resources inside countries.D.All of the above. 3.In Winners without Borders, the World Bank presents a framework for integration with specified instruments that should be used to overcome the barriers to development for different types of developing countries. For a country like Morocco (type 1) the specific instrument(s) is (are):
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