Which of the following economists first introduced the idea of using vouchers to improve educational outcomes in 1955?
a. Milton Friedman
b. John Maynard Keynes
c. Jude Wanniski
d. Jacques Rueff
a. Milton Friedman
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Evidence of the German chancellor's power includes
a. easily invoked emergency powers. b. an article in the Basic Law that allows the chancellor to decree legislation pending approval by the Bundestag. c. widespread authority for bureaucratic policy making. d. authority to dissolve the Bundestag and Bundesrat. e. a staff significantly larger than those of other European prime ministers.
The East Asian Tigers are:
a. a group of newly industrialized countries in East Asia b. a traveling group of performing tigers c. a group of East Asian countries that experienced a similar debt crisis as Latin American countries d. a group of East Asian countries that established a single currency like the European Union
New Atlantica suffers from poor governance, and thereforeit has high levels of poverty and slow GDP growth of 1 percent per year. In response, donors have provided New Atlantica with development aid equal to 2 percent of annual GDP. Based on the World Bank’s calculations, what is the most likely economic result of providing such aid to New Atlantica?
a. Annual GDP growth turns to negative 3 percent. b. Annual GDP growth falls to 0.7 percent. c. Annual GDP growth increases to 1.5 percent. d. Annual GDP growth increases to 5 percent.
Who is considered the pioneer of neo-institutionalism and what are its main claims?
What will be an ideal response?