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Politecnico di Milano – Academic Year 2020-2021 Development Economics - Intermediate test 1 20 April 2021 (9.30 - 10.30 a.m) Prof. Piscitello and Hoxha Please choose ONLY ONE response by circling the correct answer. There are 45 questions. You have 45 minutes to answer. During the test, you cannot access personal notes or books, or any other sources of information.  Hi Zain, when you submit this form, the owner will be able to see your name and email address. 1 19. In the equation sf(k*)= ( 𝛿 +n)k* of the Solow model, k* represents: (1 P oint) The steady state from which the country will never depart The steady state without technological change One of the possible multiple equilibria The amount of foreign aids needed to reach the best equilibrium 2 Coordination failure is: (1 P oint) A state of affairs in which complementarities do not exist A state of affairs in which complementarities are exploited only by some agents A state of affairs in which agents’ inability to coordinate their choices leads them to a state of non-equilibrium. A state of affairs in which agents’ inability to coordinate their choices leads to an equilibrium that leaves all agents worse off than in alternative situation that is also an equilibrium. 3 The main stakeholder(s) involved in SEZ regimes is/are: (1 P oint) Government Zone operator All the answers are correct SEZ authority Zone user Zone developer 4 According to Moses Abramovitz’s analyses: (1 P oint) Catching up could not be observed as countries diverge over time Underdeveloped countries have only to follow a certain set of rules of development to take off into self-sustaining growth Catching up occurs through “leapfrogging” Catching up could be observed over long periods and depends on technological congruence and social capabilities…