ECO348
Question: Transparency International (Tl), attempts to give for each year some critical indicators of corruption on global and
national scenes through sets of
summary information
Answer: 3
Question: Voting power on the Boards of the World Bank and the IMF is determined based on
Answer: quotas of each country
Question: The process of decision-making and the process by which decisions are implemented (or not implemented) is called
Answer: governance
Question: The abuse of public office for private gain is termed
Answer: Corruption
Question: When a country’s imports exceed its exports, it has a
Answer: Current account deficit
Question: One of these is not a fundamental task of the State according to World Bank’s 1997 study
Answer: Maintaining a distortionary policy environment
Question: Foreign aid, Portfolio investment, Commercial-bank lending, Foreign direct investment are all types of
Answer: International financial flows to developing countries
Question: The consumption or enjoyment of law and order through the police and the system of justice; protection from outside attack; and street-lighting are all grouped under the consumption or enjoyment of
Answer: Pure public goods
Question: The World Bank, in its Worldwide Governance Indicators, judges governance on characteristics
Answer: 6
Question: The combination of laissez-faire economic theory with the removal of barriers to the movement of goods is called
Answer: Liberalization
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