Question 1

Which of the following is characteristic of DVCs?

Accepted Answer

A)   A large percentage of the labor force is in agriculture.
B)   There are high levels of saving and investment.
C)   They have high labor productivity.
D)   There are high levels of training.E) B) and D)
F) B) and C)

Question 2

Discuss the "one child per family" policy implemented in China. Why did it need to be overturned?

Accepted Answer

In 1980, the Chinese authorities institu...

Question 3

Investment in-kind refers to the possibility that

Accepted Answer

A)   DVCs will invest for the purpose of becoming less dependent on world markets.
B)   a DVC will overinvest in industries in which it has a comparative advantage, disrupting its development program.
C)   newly established manufacturing ﬁrms may expand by reinvesting their proﬁts.
D)   surplus labor in, say, agriculture can be diverted to the production of simple capital goods such as earthen dams.E) C) and D)
F) B) and D)

Question 4

The idea that a person's productive efforts and his or her economic rewards are unrelated

Accepted Answer

A)   is the neocolonialism view of economic development.
B)   describes the vicious circle of poverty.
C)   is the surplus labor theory of economic development.
D)   is the capricious universe view.E) C) and D)
F) B) and D)

Question 5

Saving is a larger percentage of domestic output in DVCs than in IACs, but the saving is put to poor
use.

Accepted Answer

A) True 
 B)False

Question 6

The corruption and poor administration that are common to the public sectors of many DVCs
suggest that government may not be very effective in promoting economic growth.

Accepted Answer

A) True 
 B)False

Question 7

Country  Per Capita Income, 2017A$621B14,894C31,555D3,498E2,005\begin{array} { | c | c | } \hline 	ext { Country } & 	ext { Per Capita Income, } 2017 \\hline A & \$ 621 \\hline B & 14,894 \\hline C & 31,555 \\hline D & 3,498 \\hline E & 2,005 \\hline\end{array} Country ABCDE​ Per Capita Income, 2017$62114,89431,5553,4982,005​​  Which of the given nations would be low-income developing countries (DVCs) , according to the World Bank?

Accepted Answer

A)   country A only
B)   countries A, D, and E
C)   countries A and E
D)   countries A, B, D, and E E) B) and D)
F) A) and B)

Question 8

Increases in the total real output of many DVCs do not increase the nation's standard of living because

Accepted Answer

A)   diminishing returns may be encountered in increasing total output.
B)   population increases may dissipate the increase in real output.
C)   disguised unemployment in agriculture will persist.
D)   surplus farm labor may move from rural areas to industrial areas, causing unemployment.E) A) and B)
F) A) and C)

Question 9

A reason for placing emphasis on capital accumulation in developing countries is the high

Accepted Answer

A)   level of adult illiteracy.
B)   productivity of workers in DVCs.
C)   need for investment in infrastructure.
D)   level of import quotas and tariffs.E) B) and C)
F) A) and D)

Question 10

The richest 20 percent of the world's population receives more than 75 percent of the world's
income, while the poorest 20 percent receives less than 2 percent of the world's income.

Accepted Answer

A) True 
 B)False

Question 11

If a local leader in a developing nation claims that there is little or no correlation between a person's efforts and the economic rewards that are given to that person, this leader is most likely expressing
A

Accepted Answer

A)   description of the vicious cycle of poverty.
B)   theory of exploitation and dependence.
C)   capricious view of the universe.
D)   rationale for neocolonialism.E) A) and D)
F) None of the above

Question 12

The international organization, with 189 member nations, whose major objective is to help DVCs achieve economic growth is the

Accepted Answer

A)   World Trade Organization.
B)   World Bank.
C)   G8 Nations.
D)   United Nations.E) B) and D)
F) All of the above

Question 13

Saving is low in many DVCs primarily because income is very equally distributed.

Accepted Answer

A) True 
 B)False

Question 14

Describe the vicious circle of poverty.

Accepted Answer

The vicious circle of poverty is a probl...

Question 15

The diversion of surplus labor in agriculture to the production of schools or roads in developing countries is described as

Accepted Answer

A)   land reform.
B)   the brain drain.
C)   in-kind investment.
D)   a capital-using technological advance.E) All of the above
F) A) and C)

Question 16

Industrially advanced countries can best help DVCs by

Accepted Answer

A)   directing requests from DVCs for aid to the World Bank.
B)   using the International Monetary Fund to determine exchange rates in DVCs.
C)   increasing management control over development projects.
D)   adopting policies that expand trade with DVCs.E) B) and C)
F) C) and D)

Question 17

Most of the ﬂow of foreign aid goes to

Accepted Answer

A)   the poorest of developing countries (DVCs) .
B)   the most aﬄuent of the developing country populations.
C)   the smallest developing countries.
D)   about 70 percent of the world's poorest people.E) A) and B)
F) All of the above

Question 18

Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less-developed nations
Because of the

Accepted Answer

A)   corruption in government.
B)   availability of foreign aid.
C)   need for a greater tax collection.
D)   need for more public capital goods.E) B) and D)
F) C) and D)

Question 19

Per capita income in the United States in 2017 was about

Accepted Answer

A)   $25,300 per person.
B)   $36,300 per person.
C)   $60,200 per person.
D)   $78,800 per person.E) B) and C)
F) A) and C)

Question 20

The levels of national income per capita among developing countries (DVCs)  are

Accepted Answer

A)   all within a narrow range.
B)   widely varied.
C)   all growing rapidly.
D)   about half of those of industrially advanced countries (IACs) .E) None of the above
F) A) and D)

Exam 22: The Economics of Developing Countries

Investment in-kind refers to the possibility that

Correct Answer
verified

A reason for placing emphasis on capital accumulation in developing countries is the high

Correct Answer
verified

Most of the ﬂow of foreign aid goes to

Correct Answer
verified

Per capita income in the United States in 2017 was about

Correct Answer
verified

Describe the vicious circle of poverty.

Correct Answer
verified
The vicious circle of poverty is a probl...
View Answer

Correct Answer
verified

The idea that a person's productive efforts and his or her economic rewards are unrelated

Correct Answer
verified

The corruption and poor administration that are common to the public sectors of many DVCs suggest that government may not be very effective in promoting economic growth.

Correct Answer
verified

The levels of national income per capita among developing countries (DVCs) are

Correct Answer
verified

Saving is a larger percentage of domestic output in DVCs than in IACs, but the saving is put to poor use.

Correct Answer
verified

The diversion of surplus labor in agriculture to the production of schools or roads in developing countries is described as

Correct Answer
verified

Industrially advanced countries can best help DVCs by

Correct Answer
verified

Discuss the "one child per family" policy implemented in China. Why did it need to be overturned?

Correct Answer
verified
In 1980, the Chinese authorities institu...
View Answer

Which of the following is characteristic of DVCs?

Correct Answer
verified

Saving is low in many DVCs primarily because income is very equally distributed.

Correct Answer
verified

Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less-developed nations Because of the

Correct Answer
verified

If a local leader in a developing nation claims that there is little or no correlation between a person's efforts and the economic rewards that are given to that person, this leader is most likely expressing A

Correct Answer
verified

Increases in the total real output of many DVCs do not increase the nation's standard of living because

Correct Answer
verified

The international organization, with 189 member nations, whose major objective is to help DVCs achieve economic growth is the

Correct Answer
verified

The richest 20 percent of the world's population receives more than 75 percent of the world's income, while the poorest 20 percent receives less than 2 percent of the world's income.

Correct Answer
verified

Exam 22: The Economics of Developing Countries

Investment in-kind refers to the possibility that

Correct AnswerverifiedShow Answer

A reason for placing emphasis on capital accumulation in developing countries is the high

Correct AnswerverifiedShow Answer

Most of the ﬂow of foreign aid goes to

Correct AnswerverifiedShow Answer

Per capita income in the United States in 2017 was about

Correct AnswerverifiedShow Answer

Describe the vicious circle of poverty.

Correct AnswerverifiedThe vicious circle of poverty is a probl...View AnswerShow Answer

Correct AnswerverifiedShow Answer

The idea that a person's productive efforts and his or her economic rewards are unrelated

Correct AnswerverifiedShow Answer

The corruption and poor administration that are common to the public sectors of many DVCs suggest that government may not be very effective in promoting economic growth.

Correct AnswerverifiedShow Answer

The levels of national income per capita among developing countries (DVCs) are

Correct AnswerverifiedShow Answer

Saving is a larger percentage of domestic output in DVCs than in IACs, but the saving is put to poor use.

Correct AnswerverifiedShow Answer

The diversion of surplus labor in agriculture to the production of schools or roads in developing countries is described as

Correct AnswerverifiedShow Answer

Industrially advanced countries can best help DVCs by

Correct AnswerverifiedShow Answer

Discuss the "one child per family" policy implemented in China. Why did it need to be overturned?

Correct AnswerverifiedIn 1980, the Chinese authorities institu...View AnswerShow Answer

Which of the following is characteristic of DVCs?

Correct AnswerverifiedShow Answer

Saving is low in many DVCs primarily because income is very equally distributed.

Correct AnswerverifiedShow Answer

Development experts are less enthusiastic than they used to be about three decades ago about the positive role of DVC governments in promoting economic growth in their less-developed nations Because of the

Correct AnswerverifiedShow Answer

If a local leader in a developing nation claims that there is little or no correlation between a person's efforts and the economic rewards that are given to that person, this leader is most likely expressing A

Correct AnswerverifiedShow Answer

Increases in the total real output of many DVCs do not increase the nation's standard of living because

Correct AnswerverifiedShow Answer

The international organization, with 189 member nations, whose major objective is to help DVCs achieve economic growth is the

Correct AnswerverifiedShow Answer

The richest 20 percent of the world's population receives more than 75 percent of the world's income, while the poorest 20 percent receives less than 2 percent of the world's income.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The vicious circle of poverty is a probl...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
In 1980, the Chinese authorities institu...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified