Which of the following was not a classical economist ?

A. Adam smith
B. Thomas r. malthus
C. John stuart mill
D. John maynard keynes

Karl Marx’s historical materialism views were shaped by all of the following EXCEPT ?

A. The french revolution
B. The rise of industrial and capitalist production
C. Political and labor revolts
D. A growing spiritual rationalism

Poor developing countries typically impose __________ tariffs than rich advanced nations on imports?

A. Lower
B. Higher
C. About the same height
D. None of the above

Suppose that the firms collude and become a cartel The best level of output for the cartel as a whole is ___________ the price equals __________ and profits total __________?

A. 2 million barrels per day, $100, $60 million
B. 4 million barrels per day, $80, $160 million
C. 6 million barrels per day, $60, $60 million
D. 8 million barrels per day, $40, $20 million

One criticism of Rostow’s theory of economic growth is that ?

A. Much available data contradicts his thesis about the takeoff stage
B. There is no explanation of why growth occurs after takeoff
C. His hypothesis of the stages of growth is difficult to test empirically
D. All of the above are correct

According to the supply side of the vicious circle theory of development a country is poor because ?

A. Technology levels do not allow for self sufficiency
B. It was previously too poor to save and invest
C. Underemployment is too widespread
D. Resource allocation is poor

The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

A. Flying geese
B. Import substitution
C. Export orientation
D. Commodity expansion

Membership in the World Trade Organization for china ?

A. Has been a matter of low priority for the chinese government
B. Was achieved in the early 1950s
C. Has been opposed by a number of labor and human rights organizations in other countries
D. Has had negligible effect on trade between china and the united states

Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?

A. Inelastic demand for these products in advanced countries
B. Large increases in the supplies of these products on world markets because of export expansion policies
C. Sluggish demand for these products in advanced countries
D. All of the above

An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

A. Relatively small; more difficult
B. Relatively small; easier
C. Relatively large; more difficult
D. Relatively large; easier