Question 1

Over the 1980s and 1990s,countries with sound fiscal,monetary,and trade policies and strong rule of law combined with large amounts of aid:

Accepted Answer

A)  grew at 1 percent,indicating the necessity of good policy in conjunction with aid.
B)  still failed to grow,indicating new methods for furthering development are needed.
C)  saw GDP shrink by 1 percent,indicating corruption and inefficient use of funds is rampant.
D)  None of these statements is true.E) A) and B)
F) A) and C)

Question 2

Economic growth is:

Accepted Answer

A)  about the quality of life for all sectors of society.
B)  an indicator of individual poverty.
C)  a measurement of available resources.
D)  None of these statements is true.E) All of the above
F) A) and B)

Question 3

Most economists agree that while there are a seemingly endless number of ways to promote economic development:

Accepted Answer

A)  there are just as many ways to measure effectiveness.
B)  there are few ways to measure their effectiveness.
C)  there is no way to determine which are the best ways.
D)  None of these statements is true.E) A) and B)
F) None of the above

Question 4

Something that would not be considered a tool in pursuit of industrial policy would be:

Accepted Answer

A)  incentives for foreign portfolio investment.
B)  investment in research.
C)  incentives for foreign direct investment.
D)  All of these are examples of industrial policies.E) B) and C)
F) A) and D)

Question 5

In 2010,remittances:

Accepted Answer

A)  were more than twice what governments spent on foreign aid.
B)  were about half what governments spend on foreign aid,and growing.
C)  were less than half what governments spend on foreign aid,but growing.
D)  were less than half what governments spend on foreign aid,and declining.E) All of the above
F) A) and D)

Question 6

Doctors in private health care clinics provide better care than those in public clinics because:

Accepted Answer

A)  they are better trained.
B)  they have more incentive to practice good medicine.
C)  their fixed salary is generally higher than the fixed salaries of public clinic doctors.
D)  All of these statements are true.E) B) and C)
F) A) and B)

Question 7

A country with high economic growth:

Accepted Answer

A)  will definitely experience high economic development.
B)  will never experience high economic development.
C)  will probably not experience high economic development.
D)  may not experience economic development without attention paid to policy actions.E) A) and D)
F) A) and B)

Question 8

About how many people out of 7 billion live on just $1.25 a day in the world?

Accepted Answer

A)  1 billion
B)  500 million
C)  1.5 billion
D)  2 billionE) A) and B)
F) A) and C)

Question 9

An example of a poverty trap is:

Accepted Answer

A)  the malnourished not having enough energy to develop their economy.
B)  the uneducated not knowing how to further develop their economy.
C)  those who do not have basic immunizations not being healthy enough to develop their economy.
D)  All of these are examples of poverty traps.E) B) and C)
F) None of the above

Question 10

When aid is in the form of free or remarkably reduced priced goods,it is known as:

Accepted Answer

A)  goods in-kind donations.
B)  freebies.
C)  direct donations.
D)  consumable donations.E) A) and D)
F) A) and B)

Question 11

In the last few decades,tariffs in developing countries:

Accepted Answer

A)  have fallen by more than 20 percent.
B)  have risen by more than 20 percent.
C)  have fallen to 20 percent of their GDP.
D)  have risen to 20 percent of their GDP.E) All of the above
F) A) and C)

Question 12

The improved health of a nation can increase:

Accepted Answer

A)  the productivity of workers.
B)  economic growth.
C)  economic development.
D)  All of these statements are true.E) B) and C)
F) A) and C) D

Question 13

In the last few decades,tariffs:

Accepted Answer

A)  have risen by more than 20 percent in developing countries.
B)  have fallen by more than 20 percent in developing countries.
C)  have risen more in developing nations than in developed countries.
D)  have risen more in developed nations than in developing countries.E) C) and D)
F) A) and B)

Question 14

A country that has had success with export-led growth policy is:

Accepted Answer

A)  North Korea.
B)  South Korea.
C)  Russia.
D)  Liberia.E) B) and C)
F) A) and D)

Question 15

During the Cold War era,the U.S.:

Accepted Answer

A)  gave foreign aid to promote their communistic support.
B)  gave foreign aid,while the Russians demanded reparations from many of the same countries.
C)  gave foreign aid to prevent the spread of communism,while Russia did the same in an effort to align countries with the Communist bloc.
D)  None of these statements is true.E) B) and D)
F) A) and B)

Question 16

The "Asian miracle" refers to:

Accepted Answer

A)  the success countries like Japan,South Korea,and Taiwan have had with export-led growth policy.
B)  the success countries like Japan,South Korea,and Taiwan have had with import substitution policy.
C)  the fact that countries like Japan and South Korea have had consistent growth despite their failing industrial policies.
D)  the high growth in countries like Japan and South Korea despite the absence of a democratic government.E) B) and D)
F) A) and C)

Question 17

One of the challenges for development economists working in health care is to figure out a way to:

Accepted Answer

A)  give doctors the right incentives to practice good medicine.
B)  give incentives to families to make better health care choices.
C)  increase the frequency of preventative medicine,such as immunizing children.
D)  All of these statements are true.E) A) and C)
F) None of the above D

Question 18

Foreign aid got its start after World War II when:

Accepted Answer

A)  several European countries began offering aid to help one another recover.
B)  the U.S.gave $12 billion to help rebuild several European countries.
C)  the UK gave $12 billion to help rebuild several European countries.
D)  several European countries gave $12 billion in reparations.E) A) and B)
F) None of the above A

Question 19

A recent push in development economics is to:

Accepted Answer

A)  fund only those programs that prove to be effective.
B)  put more focus on a program's effectiveness.
C)  stop the trial and error process of funding programs that "might" work.
D)  All of these statements are true.E) All of the above
F) C) and D)

Question 20

The generosity of the U.S.'s foreign aid after World War II was:

Accepted Answer

A)  unprecedented.
B)  over $12 billion to 16 countries in an effort to help them rebuild.
C)  not entirely altruistic and had strategic political motives as well.
D)  All of these statements are true.E) None of the above
F) A) and D)

Exam 35: Development Economics

Over the 1980s and 1990s,countries with sound fiscal,monetary,and trade policies and strong rule of law combined with large amounts of aid:

Correct AnswerverifiedShow Answer

Economic growth is:

Correct AnswerverifiedShow Answer

Most economists agree that while there are a seemingly endless number of ways to promote economic development:

Correct AnswerverifiedShow Answer

Something that would not be considered a tool in pursuit of industrial policy would be:

Correct AnswerverifiedShow Answer

In 2010,remittances:

Correct AnswerverifiedShow Answer

Doctors in private health care clinics provide better care than those in public clinics because:

Correct AnswerverifiedShow Answer

A country with high economic growth:

Correct AnswerverifiedShow Answer

About how many people out of 7 billion live on just $1.25 a day in the world?

Correct AnswerverifiedShow Answer

An example of a poverty trap is:

Correct AnswerverifiedShow Answer

When aid is in the form of free or remarkably reduced priced goods,it is known as:

Correct AnswerverifiedShow Answer

In the last few decades,tariffs in developing countries:

Correct AnswerverifiedShow Answer

The improved health of a nation can increase:

Correct AnswerverifiedD

In the last few decades,tariffs:

Correct AnswerverifiedShow Answer

A country that has had success with export-led growth policy is:

Correct AnswerverifiedShow Answer

During the Cold War era,the U.S.:

Correct AnswerverifiedShow Answer

The "Asian miracle" refers to:

Correct AnswerverifiedShow Answer

One of the challenges for development economists working in health care is to figure out a way to:

Correct AnswerverifiedD

Foreign aid got its start after World War II when:

Correct AnswerverifiedA

A recent push in development economics is to:

Correct AnswerverifiedShow Answer

The generosity of the U.S.'s foreign aid after World War II was:

Correct AnswerverifiedShow Answer

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