c_2016
Question Exam 2_2016  Question 1  Among GCC economies, which of the following has the the lowest per capita oil and gas production? Bahrain
Oman
Saudi Arabia
Kuwait
Question 2  Among the following countries, which one has the lowest female labor participation rate?
UAE
Bahrain
Kuwait
Saudi Arabia
Question 3  Among the following economies, which one is not an OECD member?
Romania
Slovakia
Poland
Hungary
Question 4  Commercial shariah is similar to Western business laws in most aspects.
True
False
Question 5  During 2000-2007, absolute poverty in Russia fell by more than 50%.
True
False
Question 6  GCC economies development can be attributted to the genuinely entrepreneurial class in these economies.
True
False
Question 7  How many economies in the GCC region have a full-fledged democracy?
2
3
0
1
Question 8  In 1997, black market accounted for higher share of retail activity in Tajikistan than in Ukraine.
True
False
Question 9  In GCC economies, bureaucrats are not involved in busineses.
True
False
Question 10  In Russia, there is an abundance of management and business skills.
True
False
Question 11  In Russia, unreported income accounted for 15% of wages paid in the late-1990s.
True
False
Question 12  Political entrepreneurship is compatible with the idea of capitalism .
True
False
Question 13  During the mid-2002-mid-2005, Dubais stock market grew faster than Qatars.
True
False
Question 14  In the first half of 1997, black market accounted for what proportion of retailactivity In Tajikistan?
95
60
75
50
Question 15  In the late 1990s, oil and gas accounted for ____ of government revenue in the GCC economies.
60%
80%
64%
70%
Question 16  Institutional rules in PS economies are more ambiguous than in devloped economies.
True
False
Question 17  Institutional rules in PS economies are more conflicting with one another than in devloped economies.
True
False
Question 18  Institutional rules in PS economies are more incomplete than in devloped economies.
True
False
Question 19  Islamic governments in GCC economies have restricted assistance to religious related charities.
True
False
Question 20  It can be argued that institutions in PS economies may do better in  promoting entrepreneurship in unproductive forms than those in matured  market economies.
True
False
Question 21  Most GCC economies have undertaken substantive institutional reforms.
True
False
Question 22  Most GCC states are facing pressures to liberalize their economies from OECD countries.
True
False
Question 23  Most citizens in GCC economies see a big gap between Islam and democy.
True
False
Question 24  Officials of which of the following countries described the massive  aid that the country would receive as the main benefit of joining the  WTO?
Iran
Jordan
UAE
Syria
Question 25  PS economies experience indicates that western institutions can be easily transplanted in these economies.
True
False
Question 26  Political entrepreneurship doesnt exist in mature market economies.
True
False
Question 27  Political entrepreneurship is productive most of the times.
True
False
Question 28  SMEs account for 25% of GDP in Russia.
True
False
Question 29  Secret service agents of which of the following countries engaged in organized crimes after the late 1980s?
Bulgaria
Romania
Ukraine
Russia
Question 30  The shadow economy as a proportion of GDP is higher in Lithuania than in Russia.
True
False
Question 31  The combined GDP of the GCC region is about US$___________ .
300 billion
750 billion
450 billion
1 trillion
Question 32  Among the following OECD economies, starting a business takes the shortest amount of time in ___________________.
Canada
Australia
the U.S.
Mexico
Question 33  According to the Gulf Investment House, the private wealth of the GCC region was US$ _______ in 2007.
300 billion
750 billion
1.5 trillion
1 trillion
Question 34  Chile is the least corrupt country in the world.
True
False
Question 35  According to the Transparency Internationals 2011 Corruption Perceptions Index, the U.S. had a higher level of corruption than Chile.
True
False
Question 36  Chile is the freest economy in the world.
True
False
Question 37  ________ of new firms that were started in Hungary in 2007 died within three years.
More than 60%
Less than a quarter
More than half
Less than a fifth
Question 38  According to the Chile 2008 GEM Report, more than half of the entrepreneurs in Chile were necessity-based.
True
False
Question 39  Most of the high-impact entrepreneurs in Poland think that university  level educational systems in their country do a good job in teaching  entrepreneurial skills.
True
False
Question 40  In 2006, foreign nationals living in the U.S. were inventors or co-inventors in ______ of patent applications filed in the U.S.
More than 60%
Less than a fifth
More than a quarter
Less than a quarter
IncorrectQuestion 41  0 / 2.5 pts  There have been many instances of bid-rigging reported in ___________________.
Canada
Australia
Mexico
the U.S.
Question 42  In 2009, more than half of the municipalities in Mexico had one or more bank branches.
True
False
Question 43  Acción started operating in the U.S. market earlier than Grameen America.
True
False
Question 44  Mexico and Chile are suffering equally from the system based on patronage, cronyism and regionalism.
True
False
Question 45  In Greece, the business sectors R&D spending is lower than that of the higher education sector.
True
False
Question 46  In 2011, which of the following economies had the highest R&D expenditure as a proportion of GDP?
The U.K.
Israel
Slovakia
Turkey
Question 47  About 8 million adult people do not use formal or semiformal financial services in OECD economies.
True
False
IncorrectQuestion 48  0 / 2.5 pts  Which of the following economies joined the OECD in 2010??
The U.K.
Turkey
Slovakia
Israel
IncorrectQuestion 49  Among the following countries, which one has the least number of procedures required to start a new business?
Ukraine
Czech Republic
Russia
Romania
Question 50  According to the World Banks Ease of Doing Business 2013, Singapore was  the global top improver in the entrepreneurial climate from June 2011  to May 2012.
True
False
IncorrectQuestion 51  Of the worlds top ten economies that were recognized for making most  improvement in the ease of doing business, what proportion were from the  FSU&CEE economies?
a quarter
half
three-fourth
two-fifth
Question 52  Russia is described as an example of entrepreneurially successful FSU&CEE economy.
True
False
Question 53  The worlds largest privately-held Internet security company is in Russia.
True
False
IncorrectQuestion 54  0 / 2.5 pts  Among the following economies, which one has the highest costs as a proportion of GDP required to start a new business?
Bulgaria
Hungary
Poland
Romania
IncorrectQuestion 55  Candidate countries readiness to join the OECD was assessed by theprogresses made in all of the following except __________.
privatization of strategic economic sectors
combating corruption
high standards of corporate governance
protecting intellectual property rights
Question 56  Russia joined the OECD in 2010.
True
False
Question 57  The principles of Honest State program were started in Slevenia.
True
False
Question 58  The U.S. has the worlds highest economic freedom index.
True
False
Question 59  The U.S. has North Americas highest economic freedom index.
True
False
Question 60  In 2011, Mexico had a lower Corruption Perceptions Index than Italy.
True
False
Question 61  Canada has a provision of an automatic stay on assets.
True
False
Question 62  South Korea has a provision of an automatic stay on assets.
True
False
Question 63  South Korea is a global role model for favorable corporate bankruptcy law.
True
False
Question 64  A higher proportion of people in the U.S. view businessmen favorably compared to those in Europe.
True
False
Question 65  According to the Global Entrepreneurship Week Policy Survey of 2012,  majority of entrepreneurs in Hungary thought that people who  successfully start new firms have at least the same level of status as a  manager of a medium-sized company.
True
False
Question 66  According to the 2002 employment census in Mexico, the informal economy  employed more people in the country compared the formal economy.
True
False
Question 67  VC investments as a proportion of GDP in 2009 was the worlds highest in the U.S.
True
False