Question 1

Economic development 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)   about increases in real GDP only.E) All of the above
F) C) and D)

Question 2

In the last few decades, there has been:

Accepted Answer

A)   great growth in free trade worldwide.
B)   very little growth in free trade worldwide.
C)   a decline in free trade worldwide.
D)   no growth in free trade worldwide.E) None of the above
F) B) and C)

Question 3

The idea behind clustering is that each part of a network is ___________ productive operating in isolation, so if governments can push each element of the cluster in unison, they should realize ___________ in productivity.

Accepted Answer

A)   far more; huge gains
B)   far less; huge losses
C)   far less; huge gains
D)   far more; huge lossesE) All of the above
F) A) and B)

Question 4

About two-thirds of the reduction in tariffs in the past 20 years comes from:

Accepted Answer

A)   reforms by national governments changing their own policies or making agreements with each other.
B)   the work of the WTO, World Trade Organization.
C)   specific funding directed at encouraging trade through subsidies by the World Bank.
D)   None of these statements is true.E) C) and D)
F) All of the above

Question 5

Policies which promote education are central to all of the following except:

Accepted Answer

A)   economic development.
B)   economic growth.
C)   increasing the capabilities of a society.
D)   federal reserve bank's interest rate policy.E) A) and B)
F) A) and C) D

Question 6

With the increase in school attendance throughout the world, the newest challenge for development economists is increasing:

Accepted Answer

A)   availability of education to children.
B)   the quality of education to children.
C)   the availability of college education.
D)   the consistency of education across countries.E) A) and B)
F) A) and C)

Question 7

In response to Economist Jeffrey Sachs' big push theory:

Accepted Answer

A)   NATO funded 13 Millennium Villages.
B)   the U.S. funded half of NATO's village project.
C)   the UN developed 8 Millennium Development Goals.
D)   the UN declared a moratorium on all foreign aid.E) None of the above
F) A) and C)

Question 8

In terms of industrial policy, clusters refer to:

Accepted Answer

A)   networks of interdependent firms, universities, and businesses that focus on production of a specific type of good.
B)   firms in an economy that are so interconnected, when one fails, they all fail.
C)   the industries supported in a country practicing export-led growth policy.
D)   the industries supported in a country practicing import substitution policy.E) None of the above
F) All of the above

Question 9

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) A) and B)
F) A) and C)

Question 10

Health care improvements often don't happen because:

Accepted Answer

A)   health care facilities exist in most parts of the world.
B)   home remedies and traditional village doctors are more affordable.
C)   doctors in government clinics have large incentives to practice good medicine.
D)   people are generally resistant to improvements in their healthcare systems.E) All of the above
F) A) and C)

Question 11

Economic growth focuses on ____________, utility focuses on ____________, and the capabilities approach focuses on __________________.

Accepted Answer

A)   human development; individual pleasure; output
B)   output; human development, individual pleasure
C)   output; individual pleasure; human development
D)   human development, output, individual pleasureE) A) and D)
F) All of the above

Question 12

An example of a capability considered in the capabilities approach would be:

Accepted Answer

A)   being able to afford appropriate healthcare required for a healthy life.
B)   to have adequate food and shelter.
C)   to be able to afford to travel freely.
D)   to have the ability to purchase a luxury item you really want.E) A) and C)
F) A) and D)

Question 13

Many Asian countries since the 1980s and 1990s have:

Accepted Answer

A)   supported export-led growth instead of import substitution policies.
B)   supported import substitution policies instead of export-led growth.
C)   been extremely successful in their attempts at industrial clustering.
D)   failed in their attempts at industrial clustering.E) C) and D)
F) B) and C)

Question 14

Most wealthy governments give aid through:

Accepted Answer

A)   the Federal Reserve.
B)   the United Nations.
C)   the Peace Corps.
D)   national development agencies or sectors of foreign affairs ministries.E) A) and B)
F) A) and C)

Question 15

Health care improvements often don't happen because:

Accepted Answer

A)   they are too expensive to have any significant impact.
B)   national health insurance only exists in highly developed countries, like the U.S.
C)   doctors in government clinics have no incentive to practice good medicine.
D)   home remedies and traditional medicine are generally more expensive.E) B) and C)
F) A) and B) C

Question 16

By opening up to foreign markets two things countries generally experience are:

Accepted Answer

A)   access to a smaller array of new products and saving money through access to cheaper goods.
B)   access to a smaller array of new products and increase in negative trade outcomes with that nation.
C)   saving money through access to cheaper goods and finding new customers for their products.
D)   increase in negative trade outcomes with that nation and finding customers who generally pay less for their products.E) B) and C)
F) B) and D)

Question 17

Policies which promote improvements in health for a society are central to:

Accepted Answer

A)   economic development.
B)   rising health care costs.
C)   government deficit spending.
D)   government monetary policy.E) C) and D)
F) None of the above

Question 18

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

Accepted Answer

A)   force doctors to practice good medicine.
B)   mandate through government policy that families must make better health care choices.
C)   increase the frequency of preventative medicine, such as immunizing children.
D)   have the government get more involved in production of necessary healthcare item.E) None of the above
F) All of the above

Question 19

An example of a poverty trap is:

Accepted Answer

A)   the malnourished not having enough energy to develop their economy.
B)   the uneducated leaving the home country for more opportunities.
C)   those not having basic immunizations dying more from rare diseases.
D)   All of these are examples of poverty traps.E) C) and D)
F) A) and D)

Question 20

Between 1999 and 2015, globally the number of children who were not attending school:

Accepted Answer

A)   dropped to less than 16 percent.
B)   reduced by half.
C)   doubled.
D)   dropped to less than 6 percent.E) A) and B)
F) B) and C) B

Exam 19: Development Economics

Economic development is:

Correct AnswerverifiedShow Answer

In the last few decades, there has been:

Correct AnswerverifiedShow Answer

The idea behind clustering is that each part of a network is ___________ productive operating in isolation, so if governments can push each element of the cluster in unison, they should realize ___________ in productivity.

Correct AnswerverifiedShow Answer

About two-thirds of the reduction in tariffs in the past 20 years comes from:

Correct AnswerverifiedShow Answer

Policies which promote education are central to all of the following except:

Correct AnswerverifiedD

With the increase in school attendance throughout the world, the newest challenge for development economists is increasing:

Correct AnswerverifiedShow Answer

In response to Economist Jeffrey Sachs' big push theory:

Correct AnswerverifiedShow Answer

In terms of industrial policy, clusters refer to:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

Health care improvements often don't happen because:

Correct AnswerverifiedShow Answer

Economic growth focuses on ____________, utility focuses on ____________, and the capabilities approach focuses on __________________.

Correct AnswerverifiedShow Answer

An example of a capability considered in the capabilities approach would be:

Correct AnswerverifiedShow Answer

Many Asian countries since the 1980s and 1990s have:

Correct AnswerverifiedShow Answer

Most wealthy governments give aid through:

Correct AnswerverifiedShow Answer

Health care improvements often don't happen because:

Correct AnswerverifiedC

By opening up to foreign markets two things countries generally experience are:

Correct AnswerverifiedShow Answer

Policies which promote improvements in health for a society are central to:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

An example of a poverty trap is:

Correct AnswerverifiedShow Answer

Between 1999 and 2015, globally the number of children who were not attending school:

Correct AnswerverifiedB

Correct Answer
verified

Correct Answer
verified

The idea behind clustering is that each part of a network is _ productive operating in isolation, so if governments can push each element of the cluster in unison, they should realize _ in productivity.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
D

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Economic growth focuses on , utility focuses on , and the capabilities approach focuses on ______.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
C

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
B