Question 1

Compared to the Lorenz curve for high-income countries, the Lorenz curve for developing countries generally

Accepted Answer

A)  is about the same. 
B)  lies closer to the axes. 
C)  lies closer to the 45-degree line. 
D)  crosses the 45-degree line. 
A)  is about the same. 
B)  lies closer to the axes. 
C)  lies closer to the 45-degree line. 
D)  crosses the 45-degree line.

Question 2

The movement of Latin American countries such as Mexico and Chile to market systems is a rejection of dependency theory.

Accepted Answer

A) True 
 B)False

Question 3

A substantial increase in a nation's per capita income can be expected to slow its rate of population growth.

Accepted Answer

A) True 
 B)False

Question 4

Less developed countries tend to have substantial numbers of poor people.

Accepted Answer

A) True 
 B)False

Question 5

Malthus' predictions do not match the experience of Western societies because his An Essay on the Principle of Population failed to take into account

Accepted Answer

A)  gains in output that could be achieved through increased use of capital. 
B)  the more accurate relationship between population growth and income, which is that higher incomes tend to reduce the rate of population growth. 
C)  dramatic decreases in productivity over time as labor moved out of the agricultural sector. 
D)  increases in the supply of labor. 
A)  gains in output that could be achieved through increased use of capital. 
B)  the more accurate relationship between population growth and income, which is that higher incomes tend to reduce the rate of population growth. 
C)  dramatic decreases in productivity over time as labor moved out of the agricultural sector. 
D)  increases in the supply of labor.

Question 6

In his An Essay on Population Growth, Thomas Malthus argued that population would increase at a geometric rate and the food supply at an arithmetic rate and that this disharmony would lead to forced return to HYPERLINK "http://en.wikipedia.org/wiki/Subsistence" \o "Subsistence" subsistence-level conditions.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following characterize low-income nations, compared to middle-income and high-income countries? 
I. higher rates of population growth
II. higher rates of migration from rural to urban sectors
III. higher unemployment in the rural sector compared to the urban sector
IV. lower level of potential output
V. higher rates of unemployment

Accepted Answer

A)  all of the above 
B)  I, II, IV, and V only 
C)  I, II, III, and IV only 
D)  I, III, IV, and V only 
A)  all of the above 
B)  I, II, IV, and V only 
C)  I, II, III, and IV only 
D)  I, III, IV, and V only

Question 8

A developing country, sometimes referred to as a third-world country, is a country

Accepted Answer

A)  that is a low- or middle-income country. 
B)  that is a low-income country but not a middle-income country. 
C)  where at least 40% of its population live below the international poverty line. 
D)  characterized by a higher rate of population growth. 
A)  that is a low- or middle-income country. 
B)  that is a low-income country but not a middle-income country. 
C)  where at least 40% of its population live below the international poverty line. 
D)  characterized by a higher rate of population growth.

Question 9

Which of the following explain why the Malthusian trap did not occur? 
I. rising agricultural productivity
II. increases in the amount of capital per worker
III. slower population growth worldwide
IV. slower population growth in high-income countries

Accepted Answer

A)  all of the above 
B)  I and II only 
C)  I, II, and III only 
D)  I, II, and IV only 
A)  all of the above 
B)  I and II only 
C)  I, II, and III only 
D)  I, II, and IV only

Question 10

The text defines economic development as

Accepted Answer

A)  a sustained increase in real GDP per person. 
B)  an increase in the general standard of living resulting from the real process of economic growth. 
C)  a process that produces sustained gains in per capita GDP. 
D)  a process that produces sustained and widely shared gains in per capita real GDP. 
A)  a sustained increase in real GDP per person. 
B)  an increase in the general standard of living resulting from the real process of economic growth. 
C)  a process that produces sustained gains in per capita GDP. 
D)  a process that produces sustained and widely shared gains in per capita real GDP.

Question 11

The greater the difference between the Human Development Index and the Gender Development Index of a country,

Accepted Answer

A)  the greater the disparity in achievement between males and females in the country. 
B)  the greater a country's ability to bridge the disparity in achievement between males and females. 
C)  the smaller the disparity in achievement between males and females in the country. 
D)  the greater the disparity in poverty experienced by the population in general and poverty experienced by households headed by women. 
A)  the greater the disparity in achievement between males and females in the country. 
B)  the greater a country's ability to bridge the disparity in achievement between males and females. 
C)  the smaller the disparity in achievement between males and females in the country. 
D)  the greater the disparity in poverty experienced by the population in general and poverty experienced by households headed by women.

Question 12

The United Nations has constructed a measure of economic development that goes beyond per capita GDP called the

Accepted Answer

A)  United Nations Standard of Living Index. 
B)  Human and Real Growth Index. 
C)  Human Development Index. 
D)  UN Growth and Development Index. 
A)  United Nations Standard of Living Index. 
B)  Human and Real Growth Index. 
C)  Human Development Index. 
D)  UN Growth and Development Index.

Compared to the Lorenz curve for high-income countries, the Lorenz curve for developing countries generally

The movement of Latin American countries such as Mexico and Chile to market systems is a rejection of dependency theory.

A substantial increase in a nation's per capita income can be expected to slow its rate of population growth.

Less developed countries tend to have substantial numbers of poor people.

Malthus' predictions do not match the experience of Western societies because his An Essay on the Principle of Population failed to take into account

A developing country, sometimes referred to as a third-world country, is a country

Which of the following explain why the Malthusian trap did not occur? I. rising agricultural productivity II. increases in the amount of capital per worker III. slower population growth worldwide IV. slower population growth in high-income countries

The text defines economic development as

The greater the difference between the Human Development Index and the Gender Development Index of a country,

The United Nations has constructed a measure of economic development that goes beyond per capita GDP called the

Economics: the Study of Choice

Demand and Supply

Applications of Demand and Supply

Macroeconomics: the Big Picture

Measuring Total Output and Income

Aggregate Demand and Aggregate Supply

Economic Growth

The Nature and Creation of Money

Financial Markets and the Economy

Monetary Policy and the Fed

Government and Fiscal Policy

Consumption and the Aggregate Expenditures Model

Investment and Economic Activity

Net Exports and International Finance

Inflation and Unemployment

A Brief History of Macroeconomic Thought and Policy

Inequality, Poverty, and Discrimination

Socialist Economies in Transition

Filters

Exam 19: Economic Development

Compared to the Lorenz curve for high-income countries, the Lorenz curve for developing countries generally

The movement of Latin American countries such as Mexico and Chile to market systems is a rejection of dependency theory.

A substantial increase in a nation's per capita income can be expected to slow its rate of population growth.

Less developed countries tend to have substantial numbers of poor people.

Malthus' predictions do not match the experience of Western societies because his An Essay on the Principle of Population failed to take into account

A developing country, sometimes referred to as a third-world country, is a country

Which of the following explain why the Malthusian trap did not occur? I. rising agricultural productivity II. increases in the amount of capital per worker III. slower population growth worldwide IV. slower population growth in high-income countries

The text defines economic development as

The greater the difference between the Human Development Index and the Gender Development Index of a country,

The United Nations has constructed a measure of economic development that goes beyond per capita GDP called the

Economics: the Study of Choice

Demand and Supply

Applications of Demand and Supply

Macroeconomics: the Big Picture

Measuring Total Output and Income

Aggregate Demand and Aggregate Supply

Economic Growth

The Nature and Creation of Money

Financial Markets and the Economy

Monetary Policy and the Fed

Government and Fiscal Policy

Consumption and the Aggregate Expenditures Model

Investment and Economic Activity

Net Exports and International Finance

Inflation and Unemployment

A Brief History of Macroeconomic Thought and Policy

Inequality, Poverty, and Discrimination

Socialist Economies in Transition

Filters