Please help me with some economics questions?

Question

1) First world countries do not include

A) Germany and Denmark
B) Kuwait and Saudi Arabia
C) Ireland and New Zealand
D) Norway and Sweden

2) What is the recommended strategy to increase productivity of the private sector?
A) An increase in business taxes
B) An increase in public housing programs
C) An increase in the money supply
D) A reduction in government subsidies

3) Which of the following is an argument against having a foreign firm operate a business in a developing country?
A) The foreign firm may reduce dependency on domestic imports
B) Foreign productive expertise may outdistance domestic labor skills
C)The foreign firm may increase domestic competition
D)The foreign firm may gain control over national resources
E)Technology may be transfered from industrial countries

Answer 1

Hi there! Here is what I came up with:

1. B (these are considered Third World countries
http://www.nationsonline.org/oneworld/third_world_countries.htm

2. C (A and B would benefit publicsectors and D. a reduction of gov subsidies would hurt the private sector)

3. B. This question is badly worded, but I think the answer is saying that the training/skills may not be available in the potential employees.

Hope this helps! Good Luck!

Answer 2

1b - 2d - 3d