Final test - Nguyên lý quản lý kinh tế FTU

FINAL TEST HỌC PHẦN: NGUYÊN LÝ QUẢN LÝ KINH TẾ Question 1: True/False & short explanation (5 point) T1/24 1. Normative Economics concerns how the economy behaves. 2. An increase in Money Supply does not affect price. 3. Under the floating exchange rate system, using monetary policy will increase the output. 4. Under the floating exchange rate system, using fiscal policy will increase the output. 5. The scientific management approach concerns labor distribution. 6. An increase in savings decreases Net exports. 7. An increase in government spending will increase output and not create a crowding-out effect. 8. The increase in input costs leads to an increase in AS. 9. Economic management is an art because it involves practical knowledge and not personal experience. 1. Excessive public spending will lead to a withdrawal of private investment. 2. The trade balance depends only on the level of private sector savings. 3. Normative economics advises policymakers about what should be done. 4. In the endogenous growth model, science and technology is the factor that ensures continuous long-term growth. 5. According to Maslow's model, to stimulate workers to work effectively, managers can apply psychological stimulation 6. Increasing government spending will increase output and not create a crowdingout effect. 7. Positive economics is about how the economy behaves. 8. Under a fixed exchange rate regime, increasing government spending increases the output of the economy. Question 2: (2 point) T1/24 Under fixed exchange rate system, does the increase in money supply (MS) increase the output of the economy? Why? Under a fixed exchange rate regime, does increasing government spending increase the output of the economy? Why? Question 3: (3 point) T1/24 Using the exogenous growth model, explain the relationship between investment and growth in the long term. What should the government do to promote growth in the long term? State the basic content of the exogenous growth model (Maslow model), then the role of science, technology, and education in long-term economic growth. Relate to the case of Vietnam.