Question 1

All of the following contribute to low investment spending in DVCs except

Accepted Answer

A)   low rates of saving.
B)   inadequacy of public capital goods (infrastructure) .
C)   political instability.
D)   expensive labor.E) B) and C)
F) A) and B)

Question 2

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

Accepted Answer

A)   use existing resources more efficiently and expand the available resources.
B)   expand the government sector and preserve all available resources.
C)   enhance regulation and taxation, and redistribute income to reduce income disparity.
D)   expand the money supply and eliminate budget deficits.E) All of the above
F) A) and D)

Question 3

Surplus agricultural labor in a developing nation usually means that there is

Accepted Answer

A)   a caste system.
B)   widespread underemployment.
C)   immobility of labor resources.
D)   increased investment in agriculture.E) C) and D)
F) B) and C)

Question 4

The poorest 20 percent of the world's population receive what percentage of world income?

Accepted Answer

A)   less than 2 percent
B)   about 4 percent
C)   around 8 percent
D)   close to 10 percentE) B) and C)
F) All of the above

Question 5

The DVCs are

Accepted Answer

A)   located primarily in Northern Europe.
B)   located primarily in Western Europe.
C)   located primarily in Africa, Asia, and Latin America.
D)   more or less evenly distributed over the various continents.E) C) and D)
F) All of the above

Question 6

The demographic transition view of population and growth in DVCs is that

Accepted Answer

A)   the most important factor affecting population growth in DVCs is demographic changes among the elderly.
B)   slower population growth is neither desirable nor productive for DVCs given the state of the economies in these nations.
C)   reduced birth rates must come first in DVCs, and then higher per capita incomes will follow.
D)   higher per capita incomes must come first in DVCs, and then reduced birth rates will follow.E) A) and B)
F) C) and D)

Question 7

In 2014, the IACs (industrially advanced countries) had an average per capita income that was about 60 times as high as that of the low-income nations.

Accepted Answer

A) True 
 B)False

Question 8

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

Accepted Answer

A)   per capita income
B)   life expectancy at birth
C)   per capita energy consumption
D)   daily per capita calorie supplyE) A) and B)
F) A) and C)

Question 9

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs?

Accepted Answer

A)   admitting more temporary workers from DVCs
B)   reducing the amount of debt relief for DVCs to make them less dependent
C)   eliminating loans from the World Bank because it encourages bureaucracy
D)   eliminating financial control of central banks where they have been establishedE) None of the above
F) A) and B)

Exam 28: The Economics of Developing Countries

The poorest 20 percent of the world's population receive what percentage of world income?

Correct Answer
verified

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

Correct Answer
verified

In 2014, the IACs (industrially advanced countries) had an average per capita income that was about 60 times as high as that of the low-income nations.

Correct Answer
verified

Surplus agricultural labor in a developing nation usually means that there is

Correct Answer
verified

All of the following contribute to low investment spending in DVCs except

Correct Answer
verified

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

Correct Answer
verified

The demographic transition view of population and growth in DVCs is that

Correct Answer
verified

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs?

Correct Answer
verified

The DVCs are

Correct Answer
verified

Exam 28: The Economics of Developing Countries

The poorest 20 percent of the world's population receive what percentage of world income?

Correct AnswerverifiedShow Answer

What measure of economic development is used most often to classify nations as industrially advanced or as developing?

Correct AnswerverifiedShow Answer

In 2014, the IACs (industrially advanced countries) had an average per capita income that was about 60 times as high as that of the low-income nations.

Correct AnswerverifiedShow Answer

Surplus agricultural labor in a developing nation usually means that there is

Correct AnswerverifiedShow Answer

All of the following contribute to low investment spending in DVCs except

Correct AnswerverifiedShow Answer

The two paths to economic development, which are the same for both developing countries and industrially advanced economies, are

Correct AnswerverifiedShow Answer

The demographic transition view of population and growth in DVCs is that

Correct AnswerverifiedShow Answer

Which of the following is a recommended policy for industrially advanced countries to adopt in order to foster economic growth in DVCs?

Correct AnswerverifiedShow Answer

The DVCs are

Correct AnswerverifiedShow Answer

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