Question 1

In comparison with government aid agencies, multilateral aid agencies:

Accepted Answer

Multilateral aid agencies, which are formed by multiple countries working together, can help reduce conflict among nations by promoting cooperation and shared objectives in aid distribution, unlike government aid agencies which may prioritize their own national interests.

Question 2

Stan and Practor, a chain of private hospitals in the United States, runs free health camps across the poverty-stricken country of Zaneland. Given the above information, which of the following statements is most likely to be true?

Accepted Answer

Stan and Practor, by running free health camps in Zaneland, is providing assistance to a country in need, which is a form of foreign aid. This action does not necessarily imply innovation, being a multilateral aid agency, or being a nonprofit organization.

Question 3

Martha attends a conference that discusses the importance of foreign aid in alleviating poverty. She listens to various speakers arguing for and against the need for foreign aid in alleviating poverty. If Martha's views are aligned with the views of economist Dambisa Moyo, whose argument will Martha support?

Accepted Answer

Dambisa Moyo argues that foreign aid often ends up in the hands of corrupt leaders rather than being used to improve the infrastructure and well-being of the countries that receive it.

Question 4

In the context of the income pyramid, which of the following statements is true of the base of the pyramid?

Accepted Answer

The base of the income pyramid represents the largest socioeconomic group in the global economy, consisting of the majority of the world's poorest people who live on very little money per day.

Question 5

Madison attends a conference that discusses the importance of foreign aid in alleviating poverty. She listens to various speakers arguing for and against the need for foreign aid in alleviating poverty. If Madison's views are aligned with the views of economist Dambisa Moyo, Madison will most likely support:

Accepted Answer

Dambisa Moyo, in her book "Dead Aid," argues that foreign aid can create a dependency in recipient countries, hindering their development and growth by creating an unnatural reliance on foreign donors.

Question 6

Joseph, a third year economics student, gives a speech about the ways to alleviate poverty. If Joseph's thoughts in this matter are aligned with the views of economist Dambisa Moyo, which of the following arguments will Joseph support?

Accepted Answer

Dambisa Moyo argues that foreign aid can be harmful to developing countries, creating dependency and undermining economic growth, rather than alleviating poverty effectively.

Question 7

Ryan earns a daily wage of $5 a day. In the context of the income pyramid, which of the following statements is most likely to be true of Ryan?

Accepted Answer

Earning $5 a day places Ryan in the lower income brackets of the global economy, which is often associated with the poorest socioeconomic groups. This is because such an income level is below the poverty line in many countries, especially in urban areas where the cost of living is higher.

Question 8

Collectively owned aid agencies are known as _____.

Accepted Answer

Multilateral aid agencies are those that are funded by multiple governments and operate on an international basis to provide development or emergency aid to countries in need.

Question 9

In comparison with government aid agencies, multilateral aid agencies:

Accepted Answer

Multilateral aid agencies, which are formed by multiple governments, have the advantage of pooling financial resources from various countries, allowing for more efficient allocation of funds to development projects. This contrasts with government aid agencies, which may have more limited resources from a single government source.

Question 10

In comparison with government aid agencies, multilateral aid agencies:

Accepted Answer

Multilateral aid agencies, which are formed by multiple governments or international organizations, have the advantage of pooling resources, expertise, and knowledge from various countries. This collective approach enables them to develop and utilize deep local knowledge of needs in a global region more effectively than individual government aid agencies, which may have more limited resources and scope.

Question 11

Which of the following statements is true of poverty science?

Accepted Answer

Poverty science, particularly as it has evolved in recent years, often employs randomized controlled trials (RCTs) and other experimental methods to identify effective strategies for reducing poverty. This approach allows researchers to gather evidence on what works and what doesn't in various contexts, thereby informing policy and practice.

Question 12

Which of the following statements is true of a corporate social responsibility (CSR) approach to doing business?

Accepted Answer

CSR can indeed maximize long-term profitability for companies by building a positive public image, fostering good relationships with communities, and ensuring sustainable business practices, all of which can contribute to a company's success over time.

Question 13

MineralT, a beverage company, prices its bottled water in proportion to the income levels in the countries where they are sold. It is evident that MineralT has adopted the strategy of:

Accepted Answer

Tiered pricing is a strategy where the price of a product is set differently across different markets or segments, often based on factors like income levels, purchasing power, or market demand. In this case, MineralT adjusts its prices based on the income levels in different countries, which is a classic example of tiered pricing.

Question 14

In comparison with government aid agencies, multilateral aid agencies:

Accepted Answer

Multilateral aid agencies, which are formed by multiple countries, tend to focus on broader, global goals rather than the political or strategic interests of individual donor countries. This allows them to operate with a level of impartiality not always present in bilateral aid, where one country provides aid directly to another and may have specific political or strategic interests in mind.

Question 15

Unlike nonprofit organizations, for-profit organizations:

Accepted Answer

For-profit organizations can indeed tie the sales of a product to actions to alleviate poverty, often as part of a corporate social responsibility strategy or a cause-related marketing campaign. Nonprofit organizations, on the other hand, are primarily focused on furthering their charitable goals and do not distribute profits to owners or shareholders. Choices B, C, and D are more closely associated with characteristics of nonprofit organizations or specific types of nonprofit entities.

Question 16

Stephenson's Aid is a humanitarian organization that provides emergency assistance, disaster relief, and education in Belwick. This organization is mainly funded by a wealthy industrialist, Stephenson. All profits made by the organization are put back into the organization to further its charitable goals. In this scenario, it can be said that Stephenson's Aid is a _____.

Accepted Answer

Stephenson's Aid is a foundation because it is funded by a wealthy individual (Stephenson) and uses its profits to further its charitable goals, which is characteristic of foundations.

Question 17

NoTimber Inc., a scholastic stationary manufacturing company, donates $1 to a charitable fund for each stationary purchased from the company stores. In this scenario, it can be said that NoTimber Inc. is a _____.

Accepted Answer

NoTimber Inc. is a for-profit organization because it operates a business (selling scholastic stationary) and engages in charitable giving as part of its business model, rather than being primarily focused on charitable activities without the intention of making a profit.

Question 18

In the context of poverty-stricken countries, which of the following statements is aligned with the views of economist Dambisa Moyo?

Accepted Answer

Dambisa Moyo argues that foreign aid is often counterproductive, creating dependency and undermining economic growth in poverty-stricken countries.

Question 19

Adam, a student of business administration, participates in a debate competition about the role of foreign aid in alleviating poverty. If Adam's views are aligned with the views of economist Dambisa Moyo, which of the following arguments will Adam support?

Accepted Answer

Dambisa Moyo argues that foreign aid can create dependency, discourage innovation, and lead to a cycle of poverty rather than alleviating it. She suggests that aid can undermine economic development by removing the incentive for governments to invest in their own countries.

Question 20

The Corporate United Front is an aid agency that is collectively owned by 100 corporate firms. The agency was established to provide aid to poverty-stricken countries. In this scenario, it can be said that The Corporate United Front is a _____.

Accepted Answer

A multilateral aid agency is one that is funded by multiple governments or organizations. In this case, The Corporate United Front is collectively owned by 100 corporate firms, making it a multilateral aid agency, as it involves multiple parties (corporate firms) coming together for a common purpose. It is not a transnational, multinational, or government agency as it specifically involves corporations coming together to provide aid, rather than operating across nations, being owned by a single corporation in multiple countries, or being funded by government entities.

Quiz 10: Poverty

In comparison with government aid agencies, multilateral aid agencies:

Stan and Practor, a chain of private hospitals in the United States, runs free health camps across the poverty-stricken country of Zaneland. Given the above information, which of the following statements is most likely to be true?

In the context of the income pyramid, which of the following statements is true of the base of the pyramid?

Joseph, a third year economics student, gives a speech about the ways to alleviate poverty. If Joseph's thoughts in this matter are aligned with the views of economist Dambisa Moyo, which of the following arguments will Joseph support?

Ryan earns a daily wage of $5 a day. In the context of the income pyramid, which of the following statements is most likely to be true of Ryan?

Collectively owned aid agencies are known as _____.

In comparison with government aid agencies, multilateral aid agencies:

In comparison with government aid agencies, multilateral aid agencies:

Which of the following statements is true of poverty science?

Which of the following statements is true of a corporate social responsibility (CSR) approach to doing business?

MineralT, a beverage company, prices its bottled water in proportion to the income levels in the countries where they are sold. It is evident that MineralT has adopted the strategy of:

In comparison with government aid agencies, multilateral aid agencies:

Unlike nonprofit organizations, for-profit organizations:

NoTimber Inc., a scholastic stationary manufacturing company, donates $1 to a charitable fund for each stationary purchased from the company stores. In this scenario, it can be said that NoTimber Inc. is a _____.

In the context of poverty-stricken countries, which of the following statements is aligned with the views of economist Dambisa Moyo?

Adam, a student of business administration, participates in a debate competition about the role of foreign aid in alleviating poverty. If Adam's views are aligned with the views of economist Dambisa Moyo, which of the following arguments will Adam support?

The Corporate United Front is an aid agency that is collectively owned by 100 corporate firms. The agency was established to provide aid to poverty-stricken countries. In this scenario, it can be said that The Corporate United Front is a _____.