Question 1

Which of the following constitutes a non-market interaction?

Accepted Answer

A)   Jim Borrows money from a bank to purchase a plow
B)   Shuman buys rice for his family
C)   Jane works for Rob at his farm and earns a wage
D)   Jim and Shuman cooperate to build a road togetherE) B) and C)
F) A) and C)

Question 2

Households in developing countries face lots of fluctuations and shocks.Seasonal fluctuations in agriculture means that in off-seasons farmers tend to demand less labor and supply less food which _________ wages and __________ food prices.

Accepted Answer

A)   raises ; increases
B)   raises; decreases
C)   reduces; decreases
D)   reduces; increasesE) None of the above
F) C) and D)

Question 3

From the study of Filmer,et al.(2000) ,in Zimbabwe,among women who had given birth in a rural health center,what percentage reported being hit by a nurse during delivery?

Accepted Answer

A)   1%
B)   5%
C)   13%
D)   50%E) A) and B)
F) A) and C)

Question 4

By the World Bank definition,with income per capita of $350,Malawi is classified as a ______.

Accepted Answer

A)   Low Income Country
B)   Lower Middle Income Country
C)   Upper Middle Income Country
D)   High Income CountryE) B) and C)
F) A) and B)

Question 5

There are many factors that limit households' success in their pursuit of well-being.We group these "Determinants of well-being" into following categories except:

Accepted Answer

A)   assets
B)   needs
C)   family
D)   market conditions and institutionsE) A) and B)
F) All of the above

Question 6

What is the ultimate goal in development policy making?

Accepted Answer

A)   Higher Incomes
B)   Higher GDP
C)   Higher Well Being
D)   More consumption choicesE) B) and C)
F) All of the above

Question 7

Changing market conditions can alter a household's well-being,__________prices for output and ________prices for inputs raises potential profits.

Accepted Answer

A)   higher; lower
B)   higher; higher
C)   lower; higher
D)   lower; lowerE) None of the above
F) All of the above

Question 8

To identify the features of life circumstances that matter to developing country households,and then to identify the factors that constrain their pursuit of well-being,the author suggests it is useful to describe four sets of activities which are:

Accepted Answer

A)   Increasing wealth,improving life expectancy,decreasing infant mortality and gaining freedom
B)   Increasing wealth,fetching fresh water,improving environmental quality and building future through savings
C)   Earning Income,gaining access to stable healthcare,Increasing wealth,improving life expectancy
D)   Earning income,coping with fluctuations,building future through investment and acquiring goods and servicesE) All of the above
F) A) and D)

Question 9

Since we cannot measure well-being directly,people often turn to the most common measure of standards living which is:

Accepted Answer

A)   nominal income
B)   real income
C)   nominal income per capita
D)   real income per capitaE) B) and D)
F) B) and C)

Question 10

Basic foods are very important in the budgets of low income households.According to the study of Banerjee and Duflo (2007) ,it is common for the low income households to spend _____ of their total consumption budget on food.

Accepted Answer

A)   
B)   10% - 50%
C)   50% - 90%
D)   >90%E) A) and B)
F) None of the above

Question 11

An empirical pattern known as Engel's Law states that as income levels rise,per person food expenditure

Accepted Answer

A)   falls,but its share in total consumption expenditure rises
B)   falls,and its share in total consumption expenditure falls
C)   rises,but its share in total consumption expenditure falls
D)   rises,and its share in total consumption expenditure risesE) C) and D)
F) A) and B)

Exam 2: Well-Being

Basic foods are very important in the budgets of low income households.According to the study of Banerjee and Duflo (2007) ,it is common for the low income households to spend _____ of their total consumption budget on food.

Correct Answer
verified

An empirical pattern known as Engel's Law states that as income levels rise,per person food expenditure

Correct Answer
verified

There are many factors that limit households' success in their pursuit of well-being.We group these "Determinants of well-being" into following categories except:

Correct Answer
verified

Since we cannot measure well-being directly,people often turn to the most common measure of standards living which is:

Correct Answer
verified

By the World Bank definition,with income per capita of $350,Malawi is classified as a ______.

Correct Answer
verified

From the study of Filmer,et al.(2000) ,in Zimbabwe,among women who had given birth in a rural health center,what percentage reported being hit by a nurse during delivery?

Correct Answer
verified

Households in developing countries face lots of fluctuations and shocks.Seasonal fluctuations in agriculture means that in off-seasons farmers tend to demand less labor and supply less food which _ wages and __ food prices.

Correct Answer
verified

What is the ultimate goal in development policy making?

Correct Answer
verified

To identify the features of life circumstances that matter to developing country households,and then to identify the factors that constrain their pursuit of well-being,the author suggests it is useful to describe four sets of activities which are:

Correct Answer
verified

Changing market conditions can alter a household's well-being,__prices for output and prices for inputs raises potential profits.

Correct Answer
verified

Which of the following constitutes a non-market interaction?

Correct Answer
verified

Exam 2: Well-Being

Basic foods are very important in the budgets of low income households.According to the study of Banerjee and Duflo (2007) ,it is common for the low income households to spend _____ of their total consumption budget on food.

Correct AnswerverifiedShow Answer

An empirical pattern known as Engel's Law states that as income levels rise,per person food expenditure

Correct AnswerverifiedShow Answer

There are many factors that limit households' success in their pursuit of well-being.We group these "Determinants of well-being" into following categories except:

Correct AnswerverifiedShow Answer

Since we cannot measure well-being directly,people often turn to the most common measure of standards living which is:

Correct AnswerverifiedShow Answer

By the World Bank definition,with income per capita of $350,Malawi is classified as a ______.

Correct AnswerverifiedShow Answer

From the study of Filmer,et al.(2000) ,in Zimbabwe,among women who had given birth in a rural health center,what percentage reported being hit by a nurse during delivery?

Correct AnswerverifiedShow Answer

Households in developing countries face lots of fluctuations and shocks.Seasonal fluctuations in agriculture means that in off-seasons farmers tend to demand less labor and supply less food which _________ wages and __________ food prices.

Correct AnswerverifiedShow Answer

What is the ultimate goal in development policy making?

Correct AnswerverifiedShow Answer

To identify the features of life circumstances that matter to developing country households,and then to identify the factors that constrain their pursuit of well-being,the author suggests it is useful to describe four sets of activities which are:

Correct AnswerverifiedShow Answer

Changing market conditions can alter a household's well-being,__________prices for output and ________prices for inputs raises potential profits.

Correct AnswerverifiedShow Answer

Which of the following constitutes a non-market interaction?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Households in developing countries face lots of fluctuations and shocks.Seasonal fluctuations in agriculture means that in off-seasons farmers tend to demand less labor and supply less food which _ wages and __ food prices.

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Changing market conditions can alter a household's well-being,__prices for output and prices for inputs raises potential profits.

Correct Answer
verified

Correct Answer
verified