Question 1

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs?

Accepted Answer

A)  admitting more temporary workers from DVCs 
B)  reducing the amount of debt relief for DVCs to make them less dependent 
C)  eliminating loans from the World Bank because it encourages bureaucracy 
D)  eliminating financial control of central banks where they have been established 
A)  admitting more temporary workers from DVCs 
B)  reducing the amount of debt relief for DVCs to make them less dependent 
C)  eliminating loans from the World Bank because it encourages bureaucracy 
D)  eliminating financial control of central banks where they have been established

Question 2

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

Accepted Answer

A)  use existing resources more efficiently and expand the available resources. 
B)  expand the government sector and preserve all available resources. 
C)  enhance regulation and taxation, and redistribute income to reduce income disparity. 
D)  expand the money supply and eliminate budget deficits. 
A)  use existing resources more efficiently and expand the available resources. 
B)  expand the government sector and preserve all available resources. 
C)  enhance regulation and taxation, and redistribute income to reduce income disparity. 
D)  expand the money supply and eliminate budget deficits.

Question 3

All of the following contribute to low investment spending in DVCs except

Accepted Answer

A)  low rates of saving. 
B)  inadequacy of public capital goods (infrastructure). 
C)  political instability. 
D)  expensive labor. 
A)  low rates of saving. 
B)  inadequacy of public capital goods (infrastructure). 
C)  political instability. 
D)  expensive labor.

Question 4

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

Accepted Answer

A)  per capita income 
B)  life expectancy at birth 
C)  per capita energy consumption 
D)  daily per capita calorie supply 
A)  per capita income 
B)  life expectancy at birth 
C)  per capita energy consumption 
D)  daily per capita calorie supply

Question 5

In 2014, the IACs (industrially advanced countries) had an average per capita income that was about 60 times as high as that of the low-income nations.

Accepted Answer

A) True 
 B)False

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 percent 
A)  less than 2 percent 
B)  about 4 percent 
C)  around 8 percent 
D)  close to 10 percent

Question 7

Surplus agricultural labor in a developing nation usually means that there is

Accepted Answer

A)  a caste system. 
B)  widespread underemployment. 
C)  immobility of labor resources. 
D)  increased investment in agriculture. 
A)  a caste system. 
B)  widespread underemployment. 
C)  immobility of labor resources. 
D)  increased investment in agriculture.

Question 8

The DVCs are

Accepted Answer

A)  located primarily in Northern Europe. 
B)  located primarily in Western Europe. 
C)  located primarily in Africa, Asia, and Latin America. 
D)  more or less evenly distributed over the various continents. 
A)  located primarily in Northern Europe. 
B)  located primarily in Western Europe. 
C)  located primarily in Africa, Asia, and Latin America. 
D)  more or less evenly distributed over the various continents.

Question 9

The demographic transition view of population and growth in DVCs is that

Accepted Answer

A)  the most important factor affecting population growth in DVCs is demographic changes among the elderly. 
B)  slower population growth is neither desirable nor productive for DVCs given the state of the economies in these nations. 
C)  reduced birth rates must come first in DVCs, and then higher per capita incomes will follow. 
D)  higher per capita incomes must come first in DVCs, and then reduced birth rates will follow. 
A)  the most important factor affecting population growth in DVCs is demographic changes among the elderly. 
B)  slower population growth is neither desirable nor productive for DVCs given the state of the economies in these nations. 
C)  reduced birth rates must come first in DVCs, and then higher per capita incomes will follow. 
D)  higher per capita incomes must come first in DVCs, and then reduced birth rates will follow.

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs?

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

All of the following contribute to low investment spending in DVCs except

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

In 2014, the IACs (industrially advanced countries) had an average per capita income that was about 60 times as high as that of the low-income nations.

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

Surplus agricultural labor in a developing nation usually means that there is

The DVCs are

The demographic transition view of population and growth in DVCs is that

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

Elasticity

Utility Maximization

Behavioral Economics

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pure Monopoly

Monopolistic Competition

Oligopoly and Strategic Behavior

Technology, Rd, and Efficiency

The Demand for Resources

Wage Determination

Rent, Interest, and Profit

Natural Resource and Energy Economics

Public Finance: Expenditures and Taxes

Antitrust Policy and Regulation

Agriculture: Economics and Policy

Income Inequality, Poverty, and Discrimination

Health Care

Immigration

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

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Exam 28: The Economics of Developing Countries

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs?

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

All of the following contribute to low investment spending in DVCs except

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

In 2014, the IACs (industrially advanced countries) had an average per capita income that was about 60 times as high as that of the low-income nations.

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

Surplus agricultural labor in a developing nation usually means that there is

The DVCs are

The demographic transition view of population and growth in DVCs is that

Limits, Alternatives, and Choices

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures: Public Goods and Externalities

Governments Role and Government Failure

Elasticity

Utility Maximization

Behavioral Economics

Businesses and the Costs of Production

Pure Competition in the Short Run

Pure Competition in the Long Run

Pure Monopoly

Monopolistic Competition

Oligopoly and Strategic Behavior

Technology, Rd, and Efficiency

The Demand for Resources

Wage Determination

Rent, Interest, and Profit

Natural Resource and Energy Economics

Public Finance: Expenditures and Taxes

Antitrust Policy and Regulation

Agriculture: Economics and Policy

Income Inequality, Poverty, and Discrimination

Health Care

Immigration

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

Filters