Question

1. Studies by the World Bank have underscored the successes of countries that have adopted trade liberalization policies.

true/false

2. Throughout the world, poverty is greater among women than men, particularly women who head households.

true/false

3. Weak economies with shrinking incomes tend to buy more of everything, including imports.

true/false

4. What replaced the Bretton Woods system?

the gold standard

a pooled currency system

a free float system

a managed float system

fixed exchange rates

Answer 1

1. True

A study by World Bank provides evidence on the time paths of economic growth and openness around episodes of trade policy liberalization. Analysis suggests that countries that liberalized their trade regimes experienced higher annual growth rates (about 1.5 percentage points). Liberalization also raised the trade to GDP ratio by roughly 5 percentage points.

2. True

women are poorer than men because of low wages (24 % less than men), existence of unpaid work, lack of decent work (75% in informal economy), unpaid care work.

3.True

Weak economies have low industrial development and has to meet demand through imports.

4 managed float.

Countries after fixed exchange rates of Bretton Woods moved to managed floating rates with ultimately moving to free float.

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