Question 1

When one country can produce a good more efficiently than another country:

Accepted Answer

A)  that country should produce that good and be the sole "winner" of trade.
B)  that country can specialize in that good and choose only to export goods.
C)  both can specialize in the industry in which they have comparative advantage and experience mutual gains.
D)  None of these statements is true.E) B) and D)
F) A) and B)

Question 2

Democracy _______ essential to economic growth and according to the capabilities approach should _______________.

Accepted Answer

A)  is;also be seen as essential to sustaining basic freedoms
B)  is not;still be seen as essential in sustaining basic freedoms
C)  is not;not be considered as improving lives if it doesn't directly contribute to growth
D)  is;not be considered to create capabilities without directly contributing to growthE) A) and D)
F) A) and C)

Question 3

Industrial policy is an effort by a government to:

Accepted Answer

A)  regulate prices in particular industries.
B)  identify the most profitable industries in the world,and adopt them in their country.
C)  favor some industries over others.
D)  All of these statements are true.E) A) and B)
F) B) and D)

Question 4

Economists like Hernando de Soto feel that a ___________ is the key to economic development.

Accepted Answer

A)  strong national defense
B)  strong currency
C)  strong titling system
D)  stable currencyE) None of the above
F) B) and C)

Question 5

An example of a tool a government might use to pursue industrial policy would be:

Accepted Answer

A)  incentives for foreign direct investment.
B)  tax breaks.
C)  investment in research.
D)  All of these statements are true.E) B) and D)
F) A) and B)

Question 6

The view Dambisa Moyo promotes in her book "Dead Aid" is:

Accepted Answer

A)  so much corruption and embezzlement exists around aid money,it causes more disruption and inefficiency than it helps.
B)  aid distorts the marketplace,actually hurting local economies.
C)  the intended recipients of the money rarely receive it and,when they do,oftentimes don't know how to use it efficiently to actually progress.
D)  None of these statements is true.E) A) and C)
F) All of the above

Question 7

The World Trade Organization is designed to:

Accepted Answer

A)  monitor trade agreements.
B)  promote free trade.
C)  enforce trade agreements.
D)  All of these statements are true.E) A) and B)
F) A) and C)

Question 8

Impact investing involves investing money in:

Accepted Answer

A)  entire industries to have an overall impact.
B)  those economies with the largest finance gap.
C)  firms to generate both financial and social returns.
D)  None of these statements is true.E) A) and B)
F) A) and C)

Question 9

China is a clear example of a country that has:

Accepted Answer

A)  achieved economic growth without a democratic regime.
B)  achieved economic growth only after a democratic regime was in place.
C)  failed to achieve economic growth without a democratic regime.
D)  failed to achieve economic growth,despite having a democratic regime.E) A) and B)
F) All of the above

Question 10

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)  All of these statements are true.E) A) and B)
F) B) and D)

Question 11

Health care improvements often don't happen because:

Accepted Answer

A)  health care facilities don't exist in some parts of the world.
B)  home remedies and traditional village doctors are more affordable.
C)  doctors in government clinics have no incentive to practice good medicine.
D)  All of these statements are true.E) A) and B)
F) None of the above

Question 12

The idea behind the traditional industrial policy of import substitution is:

Accepted Answer

A)  to protect infant industries until they can become price competitive in the world market.
B)  give certain industries a chance to enter a market and gain efficiencies that companies elsewhere in the world have already gained in that industry.
C)  build up home industries to compete with others in the world.
D)  All of these statements are true.E) C) and D)
F) B) and C)

Question 13

The U.S.gives foreign aid primarily through:

Accepted Answer

A)  the World Bank.
B)  UNICEF.
C)  USAID.
D)  the Peace Corps.E) A) and B)
F) None of the above

Question 14

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 not surviving more rare disease.
D)  All of these are examples of poverty traps.E) A) and B)
F) None of the above

Question 15

South Korea has:

Accepted Answer

A)  had success with export led growth policy.
B)  chosen "winners" to invest in by supporting companies like Samsung.
C)  chosen to encourage exports instead of supporting import substitution policy.
D)  All of these statements are true.E) None of the above
F) B) and D)

Question 16

Economist Douglass North suggests that the term used to describe government bodies,development agencies,and international groups should be:

Accepted Answer

A)  organizations.
B)  institutions.
C)  agencies.
D)  groups.E) C) and D)
F) A) and C)

Question 17

Economic growth _____________ improved health conditions in a nation.

Accepted Answer

A)  is always needed for
B)  is not necessarily needed for
C)  is only loosely correlated with
D)  None of these statements is true.E) B) and C)
F) A) and C)

Question 18

Economist Jeffrey Sachs' big push theory involves:

Accepted Answer

A)  a concerted effort in many areas to break the poverty trap.
B)  giving a one-time large amount of aid upfront,ending the need for future aid.
C)  developed nations concertedly pushing developing nations into following certain beneficial policies.
D)  None of these statements is true.E) A) and D)
F) A) and C)

Question 19

In general,educating workers:

Accepted Answer

A)  makes them more productive.
B)  increases overall economic growth.
C)  contributes to other capabilities.
D)  All of these statements are true.E) B) and C)
F) C) and D)

Question 20

The __________ gives loans to medium-income,creditworthy countries,and the ________ gives aid to poorer countries.

Accepted Answer

A)  IDA;UNDP
B)  IDA;IBRD
C)  IBRD;IDA
D)  UNDP;IBRDE) A) and C)
F) All of the above

Exam 35: Development Economics

The view Dambisa Moyo promotes in her book "Dead Aid" is:

Correct AnswerverifiedShow Answer

An example of a tool a government might use to pursue industrial policy would be:

Correct AnswerverifiedShow Answer

Economist Douglass North suggests that the term used to describe government bodies,development agencies,and international groups should be:

Correct AnswerverifiedShow Answer

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

Correct AnswerverifiedShow Answer

When one country can produce a good more efficiently than another country:

Correct AnswerverifiedShow Answer

Economist Jeffrey Sachs' big push theory involves:

Correct AnswerverifiedShow Answer

The __________ gives loans to medium-income,creditworthy countries,and the ________ gives aid to poorer countries.

Correct AnswerverifiedShow Answer

Industrial policy is an effort by a government to:

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Economists like Hernando de Soto feel that a ___________ is the key to economic development.

Correct AnswerverifiedShow Answer

South Korea has:

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An example of a poverty trap is:

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The World Trade Organization is designed to:

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The idea behind the traditional industrial policy of import substitution is:

Correct AnswerverifiedShow Answer

In general,educating workers:

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Democracy _______ essential to economic growth and according to the capabilities approach should _______________.

Correct AnswerverifiedShow Answer

Economic growth _____________ improved health conditions in a nation.

Correct AnswerverifiedShow Answer

Health care improvements often don't happen because:

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The U.S.gives foreign aid primarily through:

Correct AnswerverifiedShow Answer

Impact investing involves investing money in:

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China is a clear example of a country that has:

Correct AnswerverifiedShow Answer

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The __ gives loans to medium-income,creditworthy countries,and the gives aid to poorer countries.

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Democracy _ essential to economic growth and according to the capabilities approach should _________.

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