Evaluacion Final - Escenario 8 - PRIMER BLOQUE-TEORICO - PRACTICO - CULTURA Y ECONOMIA REGIONAL DE AMERICA - (GRUPO B01) .DMGGPDF

10/5/2021 Evaluacion final - Escenario 8: PRIMER BLOQUE-TEORICO - PRACTICO/CULTURA Y ECONOMIA REGIONAL DE AMERICA-[GRUPO B01]
Evaluacion final - Escenario 8
Fecha de entrega 31 de mayo en 23:55 Puntos 100 Preguntas 20 Disponible 8 de mayo en 0:00 - 31 de mayo en 23:55 24 días
Límite de tiempo 90 minutos Intentos permitidos 2
Instrucciones
https://poli.instructure.com/courses/21083/quizzes/70667 1/14
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Intento Hora Puntaje

MÁS RECIENTE Intento 1 12 minutos 100 de 100
Puntaje para este intento: 100 de 100

Entregado el 10 de mayo en 18:11
Este intento tuvo una duración de 12 minutos.
Pregunta 1 5 / 5 pts
In the last years the most dynamic exports worldwide have the following characteristics:
Most dynamic exports are concentrated in developing countries.
¡Correcto! They require a big amount of investment in innovation and development.
Low technology products cannot be dynamic exports.
They are mostly based on primary products.
The economic policy during the 90s was oriented by a decalogue known as the Washington
Consensus. One of the policies included in the decalogue is:
A higher share of public investment to improve infrastructure.
An interest rate regulated by a central bank.
Regulation of economic activity to avoid investment surplus.
¡Correcto! A conservative fiscal policy aimed to reduce the state power.
One of the functioning problems of the Andean Community can be described as:
A lack of financial institution that promotes an effective integration between members.
¡Correcto! The differences in the barriers for different products affect their circulation.
A lack of a customs union that creates trade barriers for international products.
A lack of representation of the member countries in the organizational structure.
Which of the following sentences describes better the measures adopted after the Uruguay Round?
It was possible to eliminate the subsidies on agricultural products in developed and developing countries.
Economic integration advances were modest due to the lack of regulatory institutions on international
trade.
¡Correcto!
The reduction of non-tariff barriers led to an improvement of goods circulation.
The trade of services became highly regulated.
From a comparative perspective, during the agro-export model Colombia had a poor exports
performance compared with other Latin American countries. One explanation for this phenomenon is:
Colombia opted for a protectionist model in a context of free trade.
Colombia specialized in products with low demand.
¡Correcto!
Colombia was highly dependent on international prices and did not have a stable production structure.
Colombia was a primary periphery and did not have the capital to expand its production.
One of the main problems in Latin American countries during the 80s was the external debt. In the
case of Colombia, the effect of this crisis was different because:
In the early 80s, Colombia raised the public expenditure to create jobs and escape from the crisis.
Colombia did not pay and was submitted to the IMF stand-by programs.
¡Correcto!
Colombia paid part of its external obligations during the 70s, and its level of indebtedness was lower than
in other Latin American countries.
Colombia did not use the external credit offer by the US.
Which of the following characteristics describes better the NAFTA?
It is a customs union that led to an increase in Mexican exports to North America.
It affected the US economy with the establishment of maquiladoras.
¡Correcto!
It has tariff barriers that are over the world average.
It had a positive impact on the diversification of trade partners for Canada.
Based on the American continent experience, which of the following sentences describes better the
conditions for a good economic and political performance?
¡Correcto!
Economic integration, institutional stability, the balance of power between the executive and legislative.
Populism, protectionism and communal property.
Institutional stability, free trade guarantees, and weak executive power.
Protectionism, property rights enforcement, and parliamentarism.
In the history of Colombia, military and populist regimes are unusual. Nonetheless, the politic
institutions in Colombia are defective and can be described as:
¡Correcto!
Clientelist, a political system in which the lobbyist power is crucial to hold power.
A political regime based on dictatorship.
A parliamentary power with low participation of the executive power.
Monarchical, controlled by an elite.
In Colombian history the exchange rate has been linked to external sector policies. Which of the
following sentences describes better the exchange rate policy in the history of Colombia?
During the Apertura Económica, it was necessary to use exchange control to protect domestic products.
Colombia never uses the gold-standard as a fixed exchange rate.
After the 1929 crisis, it was necessary to opt for a flexible exchange rate to promote free trade.
¡Correcto!
The crawling peg solved an external imbalance and led to an export promotion model.
From the behavior of economic integration in the American Continent it can be inferred that:
¡Correcto! In recent years the economic integration processes have improved among the continent.
Mercosur and the Andean Community are successful experiences of economic integration because of
their convergence of prices.
The NAFTA has been ineffective in the expansion of trade operation between its members.
The Caribbean countries have low levels of exports over GDP.
Colombia have had a difference with other Latin American countries during its history. One of these
differences is:
Violence: Colombia is the only Latin American country that has experimented and internal conflict in
recent history.
Specialization patterns: Colombia did not specialize in resource-based exports as other Latin American
countries.
Volatility: Colombian economy is more sensitive to external shocks than other Latin American countries.
¡Correcto! Macroeconomic discipline: Colombia’s economic policy is conservative.
From the technological structure of the American continent exports it can be inferred:
In North America, the share of medium and high-tech exports is low of compared with Latin America.
The specialization in low tech products is the main feature of Latin American exports.
High dependency of other commercial partners led to a low level of technological content.
¡Correcto!
Latin American countries are mostly specialized in resource-based and primary products exports.
Which of the following agreements have been ineffective in the reduction of non-tariff barriers?
¡Correcto!
CARICOM
NAFTA
Andean Community
Union Of South American Nations
The relationship between the US and Latin America has changed several times. From this
relationship it can be said that:
During the colonial times, the US and Latin America had the same development path.
¡Correcto!
During the 60s, the US used its capital in Latin American markets.
The US priority is the European market, so it has a weak relationship with Latin America.
The US never supported development programs in Latin America.
Which countries has a vulnerability in commercial partners, but still has a diversified economy?
Brazil and Colombia.
Uruguay and the US.
¡Correcto! Canada and Mexico.
Argentina and Bolivia.
Which are the characteristics of fully economic integrated countries?
Their product prices are at the same level, but the factor prices are different.
There is a systematic increase in non-tariff barriers.
There is a reduction in the value of the trade.
¡Correcto!
The levels of products and factor prices tend to be equal.
Economic growth in Colombia during the colonial times was explained by:
¡Correcto!
The extraction of gold and silver mainly in the west of the country.
The high productivity in the hacienda.
High wages that led to higher consumption of the labor force.
The dynamism of international trade through the port of Cartagena.
Which of the following sentences describes better the economic integration problems in Latin
America?
The region persists in protectionism as a development model.
The region did not look for customs union conformation.
The region does not have political integration schemes.
¡Correcto! The region does not have enough free trade agreements.
Colombia had a difficult process of Independence that can be explained as:
The smuggling affected the commercial activities and reduced the country’s income.
There was a lack of international support to defeat the Spanish military.
¡Correcto!
There were high external debt obligations that affected the long-run economy performance.
The abundance of gold caused inflation and a loss of the value of money.
Puntaje del examen: 100 de 100

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10/5/2021 Evaluacion final - Escenario 8: PRIMER BLOQUE-TEORICO - PRACTICO/CULTURA Y ECONOMIA REGIONAL DE AMERICA-[GRUPO B01]

Evaluacion final - Escenario 8

Volver a realizar el examen

Intento Hora Puntaje

Puntaje para este intento: 100 de 100

Most dynamic exports are concentrated in developing countries.

¡Correcto! They require a big amount of investment in innovation and development.

Low technology products cannot be dynamic exports.

They are mostly based on primary products.

A higher share of public investment to improve infrastructure.

An interest rate regulated by a central bank.

Regulation of economic activity to avoid investment surplus.

¡Correcto! A conservative fiscal policy aimed to reduce the state power.

A lack of financial institution that promotes an effective integration between members.

A lack of representation of the member countries in the organizational structure.

The trade of services became highly regulated.

Colombia opted for a protectionist model in a context of free trade.

Colombia specialized in products with low demand.

Which of the following characteristics describes better the NAFTA?

It is a customs union that led to an increase in Mexican exports to North America.

It affected the US economy with the establishment of maquiladoras.

It had a positive impact on the diversification of trade partners for Canada.

Populism, protectionism and communal property.

Institutional stability, free trade guarantees, and weak executive power.

Protectionism, property rights enforcement, and parliamentarism.

A political regime based on dictatorship.

A parliamentary power with low participation of the executive power.

Monarchical, controlled by an elite.

Colombia never uses the gold-standard as a fixed exchange rate.

The Caribbean countries have low levels of exports over GDP.

¡Correcto! Macroeconomic discipline: Colombia’s economic policy is conservative.

Union Of South American Nations

The US never supported development programs in Latin America.

Brazil and Colombia.

Uruguay and the US.

¡Correcto! Canada and Mexico.

Argentina and Bolivia.

Which are the characteristics of fully economic integrated countries?

There is a systematic increase in non-tariff barriers.

There is a reduction in the value of the trade.

The high productivity in the hacienda.

High wages that led to higher consumption of the labor force.

The dynamism of international trade through the port of Cartagena.

The region persists in protectionism as a development model.

The region did not look for customs union conformation.

The region does not have political integration schemes.

Colombia had a difficult process of Independence that can be explained as:

There was a lack of international support to defeat the Spanish military.

Puntaje del examen: 100 de 100

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