Deck 1: What Is Development Economics Good for

Question 1

Which of the following is NOT true about rural Ethiopia?

A) Most people live on less than $2 a day
B) Most people do not have access to clean water
C) Most people have one or two children
D) Most people have never been enrolled in school

Answer 1

C

Question 2

The quantity,quality and types of assets that an economy creates in any period of time and the way the value generated by the assets is distributed across diverse groups are determined in a country's _____________ system?

A) network
B) command
C) socioeconomic
D) infrastructure

Answer 2

C

Question 3

The Millennium Development Goals include

A) achieving universal primary education
B) eliminating the proportion of people living on less than $1 per day.
C) eliminating HIV/Aids,malaria and other diseases
D) all of above

Answer 3

A

Question 4

For different development actors,what do their development objective definitions share in common?

A) The objective in development is to make people's lives better,not merely to generate great economic statistics
B) The objective in development is improvements for many people,especially for the poor
C) The objective in development is to have sustained improvement over many years
D) All of the above

Question 5

Which is the following statement is true?

A) The objective in development is merely to generate higher income per capita.
B) The objective in development is to make people's lives better.
C) Development can happen over night
D) Income and well-being are exactly same concept

Question 6

What is the ultimate aim in development?

A) To generate higher income per capita
B) To achieve faster economic growth
C) To make people's lives better
D) To make sure that everyone in the world is not hungry

Question 7

Development policies can be broken down into three main categories,they are:

A) asset creation policies,safety net policies,and intervention policies
B) asset creation policies,growth policies,and inflation policies
C) growth policies,price control policies,and investment policies
D) safety policies,financial policies,and income growth policies

Question 8

High quantity,institutions can do all of the following for a developing country except:

A) discourage theft
B) encourage trade and cooperation
C) minimize fraud
D) minimize competition

Question 9

If we were to employ a poverty threshold of $10 per day rather than $2 per day,what would happen to the number of poor people in the world?

A) increase
B) decrease
C) stay the same
D) all possible

Question 10

What is the objective in development?

A) Sustained improvement in the well-being of rich people only
B) Sustained improvement in the well-being of poor people only
C) Sustained improvement in the well-being of a country's many people,with special emphasis on improvements for the rich.
D) Sustained improvement in the well-being of a country's many people,with special emphasis on improvements for the poor.

Question 11

All the development actors should treat

A) Income and well-being as the exactly same thing
B) Income as priority
C) Non-income measures as priority
D) all of the above

Question 12

The Public Sector refers to all of the following except:

A) governments
B) NGOs
C) any development actor
D) private market transactions

Question 13

The average income statistics is a useful measure,however,they fall short of fully describing prosperity and deprivation for the following reasons:

A) Income is not distributed equally.
B) Among people with the same income,some may have better access to clean water and good education.
C) Among people with the same income,some may face lower risk of going hungry.
D) All of the above.

Question 14

Asset creation policies include:

A) the government hiring a contractor to build a road
B) social assistance programs providing food to the poor
C) government taxation and subsidies
D) tariffs and other polices aimed at encouraging or discouraging international trade

Question 15

According to World Bank classification,many African and Asian countries qualify as ________,while most Latin American countries qualify as ________.

A) High income countries,Middle income countries
B) Low income countries,High income countries
C) Low income countries,Middle income countries
D) Middle income countries,Low income countries

Question 16

The term policies can refer to all of the following except:

A) governments
B) strategies
C) programs
D) projects

Question 17

The accumulation of assets is central to understanding development,assets can be broadly grouped into the following categories EXCEPT:

A) Business assets
B) Infrastructure assets
C) Inflation assets
D) Human assets

Question 18

How many Millennium Development Goals are there?

A) 6
B) 8
C) 10
D) 15

Question 19

What is the official poverty threshold in the United States?

A) $1 per person per day
B) $2 per person per day
C) $13 per person per day
D) $100 per person per day

Question 20

Development is most successful when

A) The assets that are distributed and employed in ways that limit their benefit to society as a whole
B) The assets are of high quality and durability
C) An economy creates a small quantity of assets for a select few
D) All of the above

Question 21

All of the following are examples of development indicators except:

A) Economic growth rates
B) Poverty
C) Interest rates
D) Income

Question 22

Policies that intervene in the market include:

A) the government hires a contractor to build a road
B) making credit more available to stimulate investment by firms
C) Social Insurance and assistance
D) tariffs and other polices aimed at encouraging or discouraging international trade

Question 23

Safety net policies include:

A) the government subsiding low income housing
B) making credit more available to stimulate investment by firms
C) Social Insurance and assistance
D) tariffs and other polices aimed at encouraging or discouraging international trade

Question 24

Agricultural research to improve corn yield will increase corn farmer's income,which group is most like to be hurt by this research?

A) Consumers who now have to pay higher prices for corn
B) Consumer who now have to pay higher prices for wheat
C) Wheat farmers who now receive a lower price for the same amount of wheat
D) Dairy farmers who feed their cattle a mix of corn and wheat

Question 25

Reinikka and Svennson in their 2004 paper identify which country as an example of bureaucratic corruption where only 13% of central government transfers to school actually made it to the schools?

A) Nigeria
B) Indonesia
C) Vietnam
D) Uganda