Question 1

A reason for placing special emphasis on capital accumulation in developing countries is the high

Accepted Answer

A)  level of adult illiteracy.
B)  productivity of workers in DVCs.
C)  marginal benefits of capital goods.
D)  level of import quotas and tariffs.E) A) and D)
F) A) and C)

Question 2

One effective way that IACs can help DVCs is to lower trade barriers on products produced by DVCs.

Accepted Answer

A) True 
 B)False

Question 3

The World Bank seeks to

Accepted Answer

A)  provide financial backing for the work of the International Monetary Fund.
B)  maintain stable exchange rates in the currencies of developing countries.
C)  assist developing countries in achieving economic growth.
D)  maximize its profits for its worldwide shareholders.E) A) and C)
F) A) and B)

Question 4

One common measure of the "standard of living" in a nation is

Accepted Answer

A)  per capita real income.
B)  unemployment rate.
C)  real GDP.
D)  population size.E) C) and D)
F) A) and B)

Question 5

Which of the following countries had the highest per capita income (on a purchasing power parity basis)  in 2014?

Accepted Answer

A)  China
B)  United States
C)  Japan
D)  BrazilE) A) and D)
F) B) and C)

Question 6

The poorest 20 percent of the world's population receive what percentage of world income?

Accepted Answer

A)  less than 2 percent
B)  about 4 percent
C)  around 8 percent
D)  close to 10 percentE) All of the above
F) A) and B)

Question 7

In recent decades,

Accepted Answer

A)  all countries classified as DVCs have had little or no economic growth.
B)  some nations classified as DVCs have grown rapidly, while others have grown very slowly or not at all.
C)  all countries classified as DVCs have experienced rapid economic growth and rising living standards.
D)  all countries classified as low-income DVCs have had declining per capita GDPs.E) A) and B)
F) None of the above

Question 8

The most important growth obstacle common to all DVCs is the lack of desire to increase their standards of living.

Accepted Answer

A) True 
 B)False

Question 9

Without an abundant endowment of natural resources, a nation cannot achieve rapid economic growth.

Accepted Answer

A) True 
 B)False

Question 10

Over the next 15 years, roughly what percentage of the increase in world population will come from DVCs?

Accepted Answer

A)  25 percent
B)  50 percent
C)  70 percent
D)  90 percentE) A) and D)
F) C) and D)

Question 11

A study concludes that in DVCs, rising incomes must first be achieved and only then will there be slower population growth.What view of DVC population growth would this study be supporting?

Accepted Answer

A)  traditional view
B)  peasant agriculture view
C)  the will-to-develop view
D)  demographic transition viewE) B) and D)
F) A) and B)

Question 12

Which of the following nations is not considered an industrially advanced country?

Accepted Answer

A)  Russia
B)  Japan
C)  Canada
D)  AustraliaE) A) and B)
F) C) and D)

Question 13

Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less- developed nations because of the

Accepted Answer

A)  corruption in government.
B)  availability of foreign aid.
C)  need for a greater tax collection.
D)  need for more public capital goods.E) A) and C)
F) A) and B)

Question 14

An IAC (industrially advanced country)  had a per capita income of $28,200, while a DVC (developing country)  had a per capita income of $1,200 in a given year.If both countries experience a per-capita-income growth of 2 percent, then their respective per-capita-income levels one year later will become

Accepted Answer

A)  $33,840 and $1,440.
B)  $28,764 and $1,224.
C)  $33,840 and $1,224.
D)  $28,764 and $1,440.E) A) and B)
F) A) and C)

Question 15

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

Accepted Answer

A)  capital using.
B)  capital saving.
C)  capital intensive.
D)  an in-kind investment.E) A) and B)
F) B) and C)

Question 16

The demographic transition view of population growth argues that, on average (and as perceived by parents) , the marginal

Accepted Answer

A)  benefits of extra children are larger in IACs than in DVCs.
B)  costs of extra children are lower in IACs than in DVCs.
C)  costs of extra children are larger in IACs than in DVCs.
D)  benefits of extra children are the same in DVCs and IACs.E) All of the above
F) C) and D)

Question 17

The industrially advanced nations can assist developing nations by reducing trade barriers and by providing both private and public capital.

Accepted Answer

A) True 
 B)False

Question 18

The role of government in fostering economic growth in DVCs has been criticized because

Accepted Answer

A)  most governments operate as dictatorships.
B)  there is often poor administration and corruption in government.
C)  government is generally supportive of business at the expense of labor.
D)  governments have adopted the unpopular method of forced savings to stimulate investment.E) All of the above
F) A) and B)

Question 19

(Last Word)  Early experiments with unconditional cash transfers have revealed that

Accepted Answer

A)  most of these cash transfers are repaid within a very short time.
B)  although the money is usually spent on education and capital, cultural obstacles generally prevent this spending from translating into long-term earnings gains.
C)  a majority of recipients use the money for training and equipment that results in a higher long-term income.
D)  most recipients spend the money on current consumption and realize no long-term gain in earning power.E) All of the above
F) A) and C)

Question 20

Which of the following is not an example of a sociocultural impediment to economic growth?

Accepted Answer

A)  tribal allegiances that take precedence over national unity
B)  religious beliefs and practices that severely limit economic activity
C)  migration of labor resources from agricultural to urban areas
D)  a system for allocating jobs based on caste or traditionE) A) and C)
F) A) and B)

Exam 22: The Economics of Developing Countries

Which of the following is not an example of a sociocultural impediment to economic growth?

Correct Answer
verified

Over the next 15 years, roughly what percentage of the increase in world population will come from DVCs?

Correct Answer
verified

The World Bank seeks to

Correct Answer
verified

(Last Word) Early experiments with unconditional cash transfers have revealed that

Correct Answer
verified

The poorest 20 percent of the world's population receive what percentage of world income?

Correct Answer
verified

Which of the following countries had the highest per capita income (on a purchasing power parity basis) in 2014?

Correct Answer
verified

The role of government in fostering economic growth in DVCs has been criticized because

Correct Answer
verified

Which of the following nations is not considered an industrially advanced country?

Correct Answer
verified

The industrially advanced nations can assist developing nations by reducing trade barriers and by providing both private and public capital.

Correct Answer
verified

The most important growth obstacle common to all DVCs is the lack of desire to increase their standards of living.

Correct Answer
verified

Without an abundant endowment of natural resources, a nation cannot achieve rapid economic growth.

Correct Answer
verified

One effective way that IACs can help DVCs is to lower trade barriers on products produced by DVCs.

Correct Answer
verified

A study concludes that in DVCs, rising incomes must first be achieved and only then will there be slower population growth.What view of DVC population growth would this study be supporting?

Correct Answer
verified

Correct Answer
verified

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

Correct Answer
verified

In recent decades,

Correct Answer
verified

A reason for placing special emphasis on capital accumulation in developing countries is the high

Correct Answer
verified

One common measure of the "standard of living" in a nation is

Correct Answer
verified

The demographic transition view of population growth argues that, on average (and as perceived by parents) , the marginal

Correct Answer
verified

Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less- developed nations because of the

Correct Answer
verified

Exam 22: The Economics of Developing Countries

Which of the following is not an example of a sociocultural impediment to economic growth?

Correct AnswerverifiedShow Answer

Over the next 15 years, roughly what percentage of the increase in world population will come from DVCs?

Correct AnswerverifiedShow Answer

The World Bank seeks to

Correct AnswerverifiedShow Answer

(Last Word) Early experiments with unconditional cash transfers have revealed that

Correct AnswerverifiedShow Answer

The poorest 20 percent of the world's population receive what percentage of world income?

Correct AnswerverifiedShow Answer

Which of the following countries had the highest per capita income (on a purchasing power parity basis) in 2014?

Correct AnswerverifiedShow Answer

The role of government in fostering economic growth in DVCs has been criticized because

Correct AnswerverifiedShow Answer

Which of the following nations is not considered an industrially advanced country?

Correct AnswerverifiedShow Answer

The industrially advanced nations can assist developing nations by reducing trade barriers and by providing both private and public capital.

Correct AnswerverifiedShow Answer

The most important growth obstacle common to all DVCs is the lack of desire to increase their standards of living.

Correct AnswerverifiedShow Answer

Without an abundant endowment of natural resources, a nation cannot achieve rapid economic growth.

Correct AnswerverifiedShow Answer

One effective way that IACs can help DVCs is to lower trade barriers on products produced by DVCs.

Correct AnswerverifiedShow Answer

A study concludes that in DVCs, rising incomes must first be achieved and only then will there be slower population growth.What view of DVC population growth would this study be supporting?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

Correct AnswerverifiedShow Answer

In recent decades,

Correct AnswerverifiedShow Answer

A reason for placing special emphasis on capital accumulation in developing countries is the high

Correct AnswerverifiedShow Answer

One common measure of the "standard of living" in a nation is

Correct AnswerverifiedShow Answer

The demographic transition view of population growth argues that, on average (and as perceived by parents) , the marginal

Correct AnswerverifiedShow Answer

Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less- developed nations because of the

Correct AnswerverifiedShow Answer

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