1. A major benefit to a developing nation with many of its citizen living abroad:

Group of answer choices

Loss of skilled workers.

High remittances.

Growth in jobs.

Capital formation.

2. Debt equity swaps can possibly result in:

Group of answer choices

decreased foreign ownership.

lower domestic inflation.

lower debt servicing requirements.

all of the above.

3.Which of the following can be classified as a portfolio investment?

Group of answer choices

Investment in stocks.

Investment in bonds.

Investment in commercial paper.

All of the above.

4.What term expresses the willingness of a developing country to give some of its state-owned assets to pay for some of its debt?

Group of answer choices

debt-equity swaps.

restructuring.

forgiveness.

repudiation.

5.A shadow price is defined as:

Group of answer choices

a black market price.

the price paid in a cash transaction.

the price reflecting the social value of a good or service.

the price reflecting the market value of a good or service.

6.One of the major arguments against state owned enterprises is:

Group of answer choices

increased unemployment.

inefficiency.

increased pollution.

all of the above.

7.Horizontal inequality is one of the causes of armed conflict in developing countries.

Group of answer choices

True

False

8.If a nation export is higher than its import, the trade balance is in deficit.

Group of answer choices

True

False

9.Financial liberalization is eliminating various forms of government intervention in financial markets.

Group of answer choices

True

False