Question 1

The United States Agency for International Development focuses on short-range plans to meet the basic needs of the poor.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following regions has the lowest life expectancy at birth?

Accepted Answer

A) Continental European countries 
B) The Baltic countries 
C) The Nordic countries 
D) Sub-Saharan African countries 
E) Middle Eastern countries 
A) Continental European countries 
B) The Baltic countries 
C) The Nordic countries 
D) Sub-Saharan African countries 
E) Middle Eastern countries

Question 3

Which of the following is true about foreign aid provided by the United States?

Accepted Answer

A) During the last four decades,U.S.has provided less than $400 million in aid. 
B) Most U.S.aid has been coordinated by the Department of Defense. 
C) The U.S.Agency for International Development emphasizes on short-range plans. 
D) The U.S.Agency for International Development focuses on health,education,and agriculture. 
E) Foreign aid is a large part of the U.S.federal budget. 
A) During the last four decades,U.S.has provided less than $400 million in aid. 
B) Most U.S.aid has been coordinated by the Department of Defense. 
C) The U.S.Agency for International Development emphasizes on short-range plans. 
D) The U.S.Agency for International Development focuses on health,education,and agriculture. 
E) Foreign aid is a large part of the U.S.federal budget.

Question 4

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?

Accepted Answer

A) They have focused on developing new technologies rather than adopting the technologies. 
B) Birth rates in these economies are double than those in the richer countries. 
C) They have focused on the production of export-oriented goods. 
D) The manufacturing sector contributes the most to their national income. 
E) They have invested heavily in human capital. 
A) They have focused on developing new technologies rather than adopting the technologies. 
B) Birth rates in these economies are double than those in the richer countries. 
C) They have focused on the production of export-oriented goods. 
D) The manufacturing sector contributes the most to their national income. 
E) They have invested heavily in human capital.

Question 5

Which of the following is a difference between bilateral aid and multilateral aid?

Accepted Answer

A) Multilateral aid is a country-to-country aid,whereas bilateral aid comes from organizations using funds from many countries. 
B) Multilateral aid comes from organizations using funds from many countries,whereas bilateral aid is a country-to-country aid. 
C) Multilateral aid is a country-to-country aid,whereas bilateral aid comes from philanthropic organizations. 
D) Multilateral aid comes from philanthropic organizations,whereas bilateral aid comes from organizations using funds from many countries. 
E) Multilateral aid comes from established individuals who plan on helping poor countries,whereas bilateral aid comes from philanthropic organizations. 
A) Multilateral aid is a country-to-country aid,whereas bilateral aid comes from organizations using funds from many countries. 
B) Multilateral aid comes from organizations using funds from many countries,whereas bilateral aid is a country-to-country aid. 
C) Multilateral aid is a country-to-country aid,whereas bilateral aid comes from philanthropic organizations. 
D) Multilateral aid comes from philanthropic organizations,whereas bilateral aid comes from organizations using funds from many countries. 
E) Multilateral aid comes from established individuals who plan on helping poor countries,whereas bilateral aid comes from philanthropic organizations.

Question 6

People can make better use of resources if they _____.

Accepted Answer

A) have inherited family wealth 
B) are living in developed countries 
C) are a part of the government 
D) are educated 
E) have invested in stocks and bonds in other nations 
A) have inherited family wealth 
B) are living in developed countries 
C) are a part of the government 
D) are educated 
E) have invested in stocks and bonds in other nations

Question 7

Which of the following statements is true of foreign aid received by a developing country?

Accepted Answer

A) Private international borrowing and lending are highly encouraged by the governments of developing countries. 
B) Private international borrowing and lending are heavily restricted by the governments of developing countries. 
C) Foreign aid permanently raises the standard of living in developing countries. 
D) Foreign aid can help in eliminating corruption in developing countries. 
E) Foreign aid to developing countries is coordinated by the United Nations. 
A) Private international borrowing and lending are highly encouraged by the governments of developing countries. 
B) Private international borrowing and lending are heavily restricted by the governments of developing countries. 
C) Foreign aid permanently raises the standard of living in developing countries. 
D) Foreign aid can help in eliminating corruption in developing countries. 
E) Foreign aid to developing countries is coordinated by the United Nations.

Question 8

Labor productivity depends on:

Accepted Answer

A) the effectiveness of government. 
B) the size of the economy. 
C) the proportion of the labor force that is unionized. 
D) the amount of natural resources. 
E) the risks taken by an entrepreneur. 
A) the effectiveness of government. 
B) the size of the economy. 
C) the proportion of the labor force that is unionized. 
D) the amount of natural resources. 
E) the risks taken by an entrepreneur.

Question 9

Improvement in the quality of human capital is not an important requirement for technology adoption.

Accepted Answer

A) True 
 B)False

Question 10

Not much of foreign aid now flows through private channels.

Accepted Answer

A) True 
 B)False

Question 11

The International Monetary Fund providing assistance to a country to improve that country's balance of payments is an example of multilateral assistance.

Accepted Answer

A) True 
 B)False

Question 12

The growth experiences of oil-rich countries indicate that _____.

Accepted Answer

A) a large supply of natural resources helps in the industrialization of the countries 
B) natural resources are not enough to create a modern industrial economy 
C) low productivity is a result of low income 
D) unemployment and underemployment reflect inefficiencies of labor 
E) education makes people more receptive towards new ideas and methods 
A) a large supply of natural resources helps in the industrialization of the countries 
B) natural resources are not enough to create a modern industrial economy 
C) low productivity is a result of low income 
D) unemployment and underemployment reflect inefficiencies of labor 
E) education makes people more receptive towards new ideas and methods

Question 13

The _____ argument was put forward as a rationale for protecting emerging domestic industries from foreign competition.

Accepted Answer

A) antidumping 
B) infant industry 
C) job and income 
D) declining industries 
E) national defense 
A) antidumping 
B) infant industry 
C) job and income 
D) declining industries 
E) national defense

Question 14

Which of the following correctly identifies the difference between export promotion and import substitution as approaches to economic growth?

Accepted Answer

A) Export promotion is based on the infant industry argument,while import substitution is based on the level playing field argument. 
B) Export promotion requires more government intervention in the form of tariffs and quotas,while import substitution requires minimum government intervention. 
C) Export promotion boosts domestic efficiency,while import substitution leads to inferior products being supplied by domestic producers and lowers efficiency. 
D) Export promotion results in the replacement of low-cost foreign goods with high-cost domestic goods,while import substitution leads to the replacement of high-cost foreign goods with low-cost domestic goods. 
E) Export promotion results in a decrease in the per capita GDP of a country,while import substitution results in an increase in the per capita GDP of a country. 
A) Export promotion is based on the infant industry argument,while import substitution is based on the level playing field argument. 
B) Export promotion requires more government intervention in the form of tariffs and quotas,while import substitution requires minimum government intervention. 
C) Export promotion boosts domestic efficiency,while import substitution leads to inferior products being supplied by domestic producers and lowers efficiency. 
D) Export promotion results in the replacement of low-cost foreign goods with high-cost domestic goods,while import substitution leads to the replacement of high-cost foreign goods with low-cost domestic goods. 
E) Export promotion results in a decrease in the per capita GDP of a country,while import substitution results in an increase in the per capita GDP of a country.

Question 15

Which of the following is true of import substitution?

Accepted Answer

A) The government encourages domestic producers to make products which can compete in the international market. 
B) The government takes steps to liberate imports and lift restrictions. 
C) The government takes steps to promote exports and subsidizes export-oriented production. 
D) The government insulates domestic producers by imposing strict tariffs and quotas. 
E) The government focuses on service-oriented imports rather than primary imports. 
A) The government encourages domestic producers to make products which can compete in the international market. 
B) The government takes steps to liberate imports and lift restrictions. 
C) The government takes steps to promote exports and subsidizes export-oriented production. 
D) The government insulates domestic producers by imposing strict tariffs and quotas. 
E) The government focuses on service-oriented imports rather than primary imports.

Question 16

According to _____,developing countries can grow faster than developed countries and should be able to eventually close the gap between them.

Accepted Answer

A) the integration theory 
B) the convergence theory 
C) the confluence theory 
D) the merger theory 
E) game theory 
A) the integration theory 
B) the convergence theory 
C) the confluence theory 
D) the merger theory 
E) game theory

Question 17

The WHO cites _____ as the biggest single threat to the world's public health.

Accepted Answer

A) malnutrition 
B) female genocide 
C) nuclear radiation 
D) yellow fever 
E) the H1N1 virus 
A) malnutrition 
B) female genocide 
C) nuclear radiation 
D) yellow fever 
E) the H1N1 virus

Question 18

Farm work is usually an outlet for labor even if many workers are underemployed in rural areas.See 21-2: Productivity: Key to Development

Accepted Answer

A) True 
 B)False

Question 19

The yardstick most often used to compare living standards across nations is:

Accepted Answer

A) the average production cost per unit. 
B) the sales revenue per month for all the firms in an economy. 
C) utility per capita. 
D) the output per capita. 
E) the volume of imports per year. 
A) the average production cost per unit. 
B) the sales revenue per month for all the firms in an economy. 
C) utility per capita. 
D) the output per capita. 
E) the volume of imports per year.

Question 20

One measure of banking presence in a nation is _____.

Accepted Answer

A) the amount of credit provided by banks to that nation's agricultural sector 
B) the amount of savings that the banks set aside to meet its daily withdrawal needs. 
C) the credit given out by banks to that nation's service sector 
D) the total profit of the banking sector 
E) the credit provided by banks as a percent of that nation's total output 
A) the amount of credit provided by banks to that nation's agricultural sector 
B) the amount of savings that the banks set aside to meet its daily withdrawal needs. 
C) the credit given out by banks to that nation's service sector 
D) the total profit of the banking sector 
E) the credit provided by banks as a percent of that nation's total output

The United States Agency for International Development focuses on short-range plans to meet the basic needs of the poor.

Which of the following regions has the lowest life expectancy at birth?

Which of the following is true about foreign aid provided by the United States?

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?

Which of the following is a difference between bilateral aid and multilateral aid?

People can make better use of resources if they _____.

Which of the following statements is true of foreign aid received by a developing country?

Labor productivity depends on:

Improvement in the quality of human capital is not an important requirement for technology adoption.

Not much of foreign aid now flows through private channels.

The International Monetary Fund providing assistance to a country to improve that country's balance of payments is an example of multilateral assistance.

The growth experiences of oil-rich countries indicate that _____.

The _____ argument was put forward as a rationale for protecting emerging domestic industries from foreign competition.

Which of the following correctly identifies the difference between export promotion and import substitution as approaches to economic growth?

Which of the following is true of import substitution?

According to _____,developing countries can grow faster than developed countries and should be able to eventually close the gap between them.

The WHO cites _____ as the biggest single threat to the world's public health.

Farm work is usually an outlet for labor even if many workers are underemployed in rural areas.See 21-2: Productivity: Key to Development

The yardstick most often used to compare living standards across nations is:

One measure of banking presence in a nation is _____.

The Art and Science of Economic Analysis

Some Tools of Economic Analysis

Economic Decision Makers

Demand, Supply, and Markets

Introduction to Macroeconomics

Tracking the U S Economy

Unemployment and Inflation

Us Productivity and Growth

Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

The Policy Debate: Active or Passive

International Trade

International Finance

Filters

Exam 19: Economic Development

The United States Agency for International Development focuses on short-range plans to meet the basic needs of the poor.

Which of the following regions has the lowest life expectancy at birth?

Which of the following is true about foreign aid provided by the United States?

Which of the following is a reason for the very slow growth in per capita income of the poorest economies?

Which of the following is a difference between bilateral aid and multilateral aid?

People can make better use of resources if they _____.

Which of the following statements is true of foreign aid received by a developing country?

Labor productivity depends on:

Improvement in the quality of human capital is not an important requirement for technology adoption.

Not much of foreign aid now flows through private channels.

The International Monetary Fund providing assistance to a country to improve that country's balance of payments is an example of multilateral assistance.

The growth experiences of oil-rich countries indicate that _____.

The _____ argument was put forward as a rationale for protecting emerging domestic industries from foreign competition.

Which of the following correctly identifies the difference between export promotion and import substitution as approaches to economic growth?

Which of the following is true of import substitution?

According to _____,developing countries can grow faster than developed countries and should be able to eventually close the gap between them.

The WHO cites _____ as the biggest single threat to the world's public health.

Farm work is usually an outlet for labor even if many workers are underemployed in rural areas.See 21-2: Productivity: Key to Development

The yardstick most often used to compare living standards across nations is:

One measure of banking presence in a nation is _____.

The Art and Science of Economic Analysis

Some Tools of Economic Analysis

Economic Decision Makers

Demand, Supply, and Markets

Introduction to Macroeconomics

Tracking the U S Economy

Unemployment and Inflation

Us Productivity and Growth

Aggregate Demand

Aggregate Supply

Fiscal Policy

Federal Budgets and Public Policy

Money and the Financial System

Banking and the Money Supply

Monetary Theory and Policy

The Policy Debate: Active or Passive

International Trade

International Finance

Filters