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10 Cards in this Set
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- Back
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1.Countries tend to be classified as more or less developed based on a. the literacy rate. b. the poverty rate. c. the level of income per capital. d. the types of goods they produce. |
c. the level of income per capital. |
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2. Which of the following demonstrates international interdependence? a. the oil shocks b. the debt crisis c. global warming d. all of the above. |
d. all of the above. |
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3. A subsistence economy is a. a very low income economy. b. an economy in which people make what they consume. c. an economy in which people receive food for pay. d. all of the above. |
b. an economy in which people make what they consume. |
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4. Development economics is the study of the a. alleviation of absolute poverty. b. transformation of institutions. c. allocation of resources in developing countries. d. all of the above. |
d. all of the above. |
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5. Development economics must have a scope wider than traditional economics because a. values and attitudes play little role in the pace of development. b. people in developing societies do less utility-maximizing. c. transformation of social institutions is necessary for development. d. all of the above. |
c. transformation of social institutions is necessary for development. |
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A good definition of the meaning of development is the a. elimination of absolute poverty b. improvement in the quality of life c. fulfillment of the potential of individuals d. all of the above |
d. all of the above |
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Which of the following is not an important objective of development? a. increases in per capital income b. the expansion of available choices c. increases in individual and national self-esteem d. all of the above are important objectives of development |
d. all of the above are important objectives of development |
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The Millennium Development Goals include a. eliminating the proportion of people living on less than $1 per day b. universal primary education c. increasing exports by one half d. all of the above |
b. universal primary education |
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The core values of development include a. increasing income per person b. reducing the inequality of income c. the ability to meet basic needs d. all of the above |
c. the ability to meet basic needs |
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It is not possible for a country to experience a. economic development without economic growth b. economic growth without economic development c. economic growth and economic development simultaneously d. both (a) and (b) are correct |
a. economic development without economic growth |
