Question 1

The gap in the standards of living between the IACs (like the U.S., countries of Western Europe, and
Japan) and the DVCs of Africa, Latin America, and Asia have been narrowing signiﬁcantly over the
decades.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following does not correlate positively with economic growth?

Accepted Answer

A)   output per capita
B)   life expectancy
C)   the percentage of the population engaged in agriculture
D)   the literacy rateE) C) and D)
F) A) and B)

Question 3

Most of the DVCs of the world are located in Western Europe.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is typically not a problem for low-income DVCs?

Accepted Answer

A)   capital ﬂight
B)   "brain drain"
C)   high saving rates that slow aggregate demand growth
D)   poor infrastructureE) B) and C)
F) B) and D)

Question 5

Many countries remain poor because they currently are poor. This statement summarizes the

Accepted Answer

A)   infrastructure problem.
B)   vicious circle of poverty.
C)   demographic transition problem.
D)   problem of capital ﬂight.E) B) and C)
F) A) and B)

Question 6

The demographic transition view of population growth argues that, on average (and as perceived by parents) , the opportunity

Accepted Answer

A)   beneﬁts of extra children are larger in IACs than in DVCs.
B)   costs of extra children are lower in IACs than in DVCs.
C)   costs of extra children are larger in IACs than in DVCs.
D)   beneﬁts of extra children are the same in DVCs and IACs.E) A) and D)
F) A) and C)

Question 7

If two nations have different per capita income levels and their rates of economic growth are identical, then the absolute per capita income differential

Accepted Answer

A)   will remain constant.
B)   may either widen or diminish.
C)   will diminish.
D)   will widen.E) None of the above
F) A) and C)

Question 8

Capital ﬂight from the DVCs may be caused by

Accepted Answer

A)   a fear of government privatization efforts.
B)   slow domestic inﬂation.
C)   low rates of domestic taxation.
D)   risks of severe ﬂuctuations in exchange rates.E) All of the above
F) A) and B)

Question 9

(Consider This) The World Bank has found that even households living in extreme poverty can
provide for basic human needs like safe water and sturdy shelter.

Accepted Answer

A) True 
 B)False

Question 10

Based on population and economic development trends, the world population is expected to ____ in the last part of this century.

Accepted Answer

A)   explode
B)   increase mildly
C)   become stable and constant
D)   declineE) A) and B)
F) All of the above

Question 11

In the DVCs, underemployment frequently takes the form of

Accepted Answer

A)   factory workers who are working longer hours than they would prefer.
B)   workers who are employed ineﬃciently in small industry when they could be highly productive in agriculture.
C)   farmers whose productivity is very low.
D)   craft workers and artisans who are replaced by simple machinery and equipment.E) A) and B)
F) A) and C)

Question 12

Birth- and population-control efforts in many DVCs (developing countries)  face the following obstacles except

Accepted Answer

A)   low literacy rates.
B)   religious reasons.
C)   a peasant agriculture view about children.
D)   government authorities.E) A) and C)
F) B) and C)

Question 13

Which of the following countries had the highest per capita energy consumption in 2015?

Accepted Answer

A)   India
B)   China
C)   Japan
D)   United StatesE) All of the above
F) None of the above

Question 14

If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 120 million, its real per capita output will have

Accepted Answer

A)   remained unchanged.
B)   increased by about $167.
C)   increased by about $55.
D)   decreased by about $20.E) A) and B)
F) None of the above

Question 15

In 2018, Wal-Mart?s annual revenues were greater than the national incomes of

Accepted Answer

A)   the United States.
B)   Germany.
C)   all but 23 nations.
D)   all nations except for the 5 largest ones.E) None of the above
F) B) and D)

Question 16

Deﬁne corruption. Is this common in DVCs?

Accepted Answer

Corruption is the misuse of government p...

Question 17

Country  Per Capita Income, 2017A$621B14,894C31,555D3,498E2,005\begin{array} { | c | c | } \hline 	ext { Country } & 	ext { Per Capita Income, } 2017 \\hline A & \$ 621 \\hline B & 14,894 \\hline C & 31,555 \\hline D & 3,498 \\hline E & 2,005 \\hline\end{array} Country ABCDE​ Per Capita Income, 2017$62114,89431,5553,4982,005​​  Refer to the table. Which of the following might reduce the per capita income gap between countries A and E?

Accepted Answer

A)   faster population growth in country A than in country E
B)   greater investment relative to GDP in country E than in country A
C)   more rapid improvement in literacy and education in country A than in country E
D)   increased capital ?ight from country A relative to that from country E E) B) and C)
F) None of the above

Question 18

List the nine positive roles that DVC governments can play in promoting economic development.

Accepted Answer

The nine positive roles listed for DVC g...

Question 19

One of the essential paths to economic growth is

Accepted Answer

A)   increasing population growth.
B)   expanding the role of government.
C)   using existing resources more eﬃciently.
D)   expanding tax credits for business investment.E) B) and D)
F) A) and C)

Question 20

What is the difference between capital-using and capital-saving technological advances? Give an

Accepted Answer

example.
Capital-using technology refers...

Exam 22: The Economics of Developing Countries

The demographic transition view of population growth argues that, on average (and as perceived by parents) , the opportunity

Correct Answer
verified

One of the essential paths to economic growth is

Correct Answer
verified

Which of the following does not correlate positively with economic growth?

Correct Answer
verified

In 2018, Wal-Mart?s annual revenues were greater than the national incomes of

Correct Answer
verified

Capital ﬂight from the DVCs may be caused by

Correct Answer
verified

The gap in the standards of living between the IACs (like the U.S., countries of Western Europe, and Japan) and the DVCs of Africa, Latin America, and Asia have been narrowing signiﬁcantly over the decades.

Correct Answer
verified

(Consider This) The World Bank has found that even households living in extreme poverty can provide for basic human needs like safe water and sturdy shelter.

Correct Answer
verified

List the nine positive roles that DVC governments can play in promoting economic development.

Correct Answer
verified
The nine positive roles listed for DVC g...
View Answer

Deﬁne corruption. Is this common in DVCs?

Correct Answer
verified
Corruption is the misuse of government p...
View Answer

Many countries remain poor because they currently are poor. This statement summarizes the

Correct Answer
verified

Birth- and population-control efforts in many DVCs (developing countries) face the following obstacles except

Correct Answer
verified

What is the difference between capital-using and capital-saving technological advances? Give an

Correct Answer
verified
example.
Capital-using technology refers...
View Answer

Which of the following is typically not a problem for low-income DVCs?

Correct Answer
verified

Most of the DVCs of the world are located in Western Europe.

Correct Answer
verified

In the DVCs, underemployment frequently takes the form of

Correct Answer
verified

If two nations have different per capita income levels and their rates of economic growth are identical, then the absolute per capita income differential

Correct Answer
verified

Which of the following countries had the highest per capita energy consumption in 2015?

Correct Answer
verified

If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 120 million, its real per capita output will have

Correct Answer
verified

Correct Answer
verified

Based on population and economic development trends, the world population is expected to ____ in the last part of this century.

Correct Answer
verified

Exam 22: The Economics of Developing Countries

The demographic transition view of population growth argues that, on average (and as perceived by parents) , the opportunity

Correct AnswerverifiedShow Answer

One of the essential paths to economic growth is

Correct AnswerverifiedShow Answer

Which of the following does not correlate positively with economic growth?

Correct AnswerverifiedShow Answer

In 2018, Wal-Mart?s annual revenues were greater than the national incomes of

Correct AnswerverifiedShow Answer

Capital ﬂight from the DVCs may be caused by

Correct AnswerverifiedShow Answer

The gap in the standards of living between the IACs (like the U.S., countries of Western Europe, and Japan) and the DVCs of Africa, Latin America, and Asia have been narrowing signiﬁcantly over the decades.

Correct AnswerverifiedShow Answer

(Consider This) The World Bank has found that even households living in extreme poverty can provide for basic human needs like safe water and sturdy shelter.

Correct AnswerverifiedShow Answer

List the nine positive roles that DVC governments can play in promoting economic development.

Correct AnswerverifiedThe nine positive roles listed for DVC g...View AnswerShow Answer

Deﬁne corruption. Is this common in DVCs?

Correct AnswerverifiedCorruption is the misuse of government p...View AnswerShow Answer

Many countries remain poor because they currently are poor. This statement summarizes the

Correct AnswerverifiedShow Answer

Birth- and population-control efforts in many DVCs (developing countries) face the following obstacles except

Correct AnswerverifiedShow Answer

What is the difference between capital-using and capital-saving technological advances? Give an

Correct Answerverifiedexample.Capital-using technology refers...View AnswerShow Answer

Which of the following is typically not a problem for low-income DVCs?

Correct AnswerverifiedShow Answer

Most of the DVCs of the world are located in Western Europe.

Correct AnswerverifiedShow Answer

In the DVCs, underemployment frequently takes the form of

Correct AnswerverifiedShow Answer

If two nations have different per capita income levels and their rates of economic growth are identical, then the absolute per capita income differential

Correct AnswerverifiedShow Answer

Which of the following countries had the highest per capita energy consumption in 2015?

Correct AnswerverifiedShow Answer

If the real output of a DVC increases from $200 billion to $260 billion and its population increases from 100 to 120 million, its real per capita output will have

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Based on population and economic development trends, the world population is expected to ____ in the last part of this century.

Correct AnswerverifiedShow Answer

Correct Answer
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The nine positive roles listed for DVC g...
View Answer

Correct Answer
verified
Corruption is the misuse of government p...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
example.
Capital-using technology refers...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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