The document appears to be a midterm examination for a development economics course consisting of 33 multiple choice questions testing students' understanding of key concepts. The questions cover topics such as the definition and measurement of development, causes of poverty, the role of institutions and government policies, characteristics of developing versus developed economies, and foundational economic principles like laissez-faire and competition. The exam aims to evaluate students' knowledge of development theories and challenges faced by developing nations.
The document appears to be a midterm examination for a development economics course consisting of 33 multiple choice questions testing students' understanding of key concepts. The questions cover topics such as the definition and measurement of development, causes of poverty, the role of institutions and government policies, characteristics of developing versus developed economies, and foundational economic principles like laissez-faire and competition. The exam aims to evaluate students' knowledge of development theories and challenges faced by developing nations.
The document appears to be a midterm examination for a development economics course consisting of 33 multiple choice questions testing students' understanding of key concepts. The questions cover topics such as the definition and measurement of development, causes of poverty, the role of institutions and government policies, characteristics of developing versus developed economies, and foundational economic principles like laissez-faire and competition. The exam aims to evaluate students' knowledge of development theories and challenges faced by developing nations.
The document appears to be a midterm examination for a development economics course consisting of 33 multiple choice questions testing students' understanding of key concepts. The questions cover topics such as the definition and measurement of development, causes of poverty, the role of institutions and government policies, characteristics of developing versus developed economies, and foundational economic principles like laissez-faire and competition. The exam aims to evaluate students' knowledge of development theories and challenges faced by developing nations.
39. The study of how economies are transformed from stagnation to * 1 point growth and from low income to high-income status, and overcome problems of absolute poverty.
Geopolitics
Political economy
World tensions and politics
Development economics
40. The increasing integration of national economies into expanding * 1 point
international markets.
Free trade agreement
Protectionism
Globalization
General Agreement on Tariff and Trade
41. Principles, standards, or qualities that a society or groups within it * 1 point
42. The state of mind or feelings of an individual, group, or society * 1 point
regarding issues such as material gain, hard work, saving for the future, and sharing wealth.
Values
Attitudes
Institutions
Traditions
43. Norms, rules of conduct, and generally accepted ways of doing * 1 point
things.
Values
Attitudes
Institutions
Traditions
44. The total final output of goods and services produced by the * 1 point country’s economy, within the country’s territory, by residents and nonresidents, regardless of its allocation between domestic and foreign claims.
45. The total domestic and foreign output claimed by residents of a * 1 point country.
Gross domestic product
Gross national income
Income per capita
Gross reserves
46. Total gross national income of a country divided by its total * 1 point population.
Gross domestic product
Gross national income (GNI)
Income per capita
Gross reserves
47. According to this approach, development is not just about increasing * 1 point the availability of commodities (focus of the per-capita income approach) but expanding the capabilities of individuals to use these commodities and enhancing the freedom of choice of people.
52. The following are the objectives of development except: * 1 point
Increase availability of life-sustaining goods.
Raise levels of living.
Increase wealth of developed countries.
Expand range of economic and social choices.
53. These goals are aimed at substantially reducing poverty, improving * 1 point accessibility to educational and health facilities and reducing gender inequality and empowering women.
57. The hypothesis that poorer economies' per capita incomes will tend to * 1 point grow at faster rates than richer economies. The economic growth is driven by the accumulation of physical capital until this optimum level of capital per worker, which is the "steady state" is reached, where output, consumption and capital are constant. This is also known as the catch-up effect.
Convergence
Conglomeration
Consolidation
Capitulation
58. The followings are some of the functions of the government, its * 1 point
branches and departments except: , so-called "Institutions" except: is a
society, organization founded for some purpose or an established law, practice or custom. An example of which is the whose functions are as follows: Include property rights; contract enforcement
Provide “rules of the game” of economic life.
Provide underpinning of a market economy.
Protect the interest of the ruling class.
Restricting coercive, fraudulent and anti-competitive behavior.
59. This is measured by the rate of births among a population of 1,000. It * 1 point is determined by taking the total number of births in a population and dividing both values by a number to obtain the rate per 1,000.
Per capita birth rate
National birth rate
Gross birth rate
Crude birth rate
60. The following are some of the common characteristics of developing * 1 point countries except:
Greater social fractionalization.
Larger rural populations but rapid rural-to-urban migration.
Lower level of industrialization and manufactured exports.
Majority of the population belong to the middle class.
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