Wk16

In a game theory interaction with 3 players and 5 options each, how many total possibilities will there be?

Externalities are always bad for other economic actors.

• True

• False

A __________ is a tax imposed by a government of a country or of a supranational union on imports or exports of goods.

• quota

• ban

• tariff

• dumping

In which sector of the economy would you classify a restaurant?

• primary

• secondary

• tertiary

• quaternary

In which sector of the economy would you classify a brick kiln?

• primary

• secondary

• tertiary

• quaternary

The Asian financial Crisis started in which year?

In Akamatsu's model, which was the first wave of production for development to begin?

• chemicals

• steel

• textiles

• electronics

In which stage of Rostow's model do durable goods flourish?

• Traditional

• Transitional

• Takeoff

• Drive to Maturity

• High Mass consumption

In which stage of Rostow's model does the national economy depend on the sub-urban economy?

• Traditional

• Transitional

• Takeoff

• Drive to Maturity

• High Mass Consumption

In which stage of Rostow's model is political and social change most important?

• Traditional

• Transitional

• Takeoff

• Drive to Maturity

• High Mass Consumption