Question 1

China has experienced particularly high rates of economic growth as a result of

Accepted Answer

A)  High rates of consumer spending.
B)  High rates of capital investment.
C)  High rates of government spending.
D)  Low rates of saving.

Question 2

In 1963 the U.S.poverty standard was equal to

Accepted Answer

A)  $22,000 per year.
B)  $10,000 per year.
C)  $3,000 per year.
D)  $1,000 per year.

Question 3

In his book The Other Path, de Soto suggests that countries will grow more quickly if governments limit entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 4

Women in poor countries are more likely to experience all of the following except

Accepted Answer

A)  Restricted property rights.
B)  Prohibitions against voting.
C)  Being paid less than men.
D)  Being prohibited from bringing a dowry to a marriage.

Question 5

Which of the following contributes to an institutional structure that promotes economic growth?

Accepted Answer

A)  Comparative advantage.
B)  The inequality trap.
C)  Technology.
D)  Property rights.

Question 6

Over half of the people in the world who live in extreme poverty live in China and India combined.

Accepted Answer

A) True 
 B)False

Question 7

An increase in output or real GDP is

Accepted Answer

A)  The inequality trap.
B)  Productivity growth.
C)  Economic growth.
D)  The Millennium Poverty Goal.

Question 8

Which of the following is not important for the development of human capital?

Accepted Answer

A)  Immunizations and basic health care.
B)  High levels of military spending.
C)  Access to water and sanitation.
D)  Educational opportunities.

Question 9

According to official U.S.statistics, the U.S.poverty rate has been approximately _____ percent for the last 40 years.

Accepted Answer

A)  5 to 18
B)  12 to 20
C)  4 to 13
D)  11 to 15

Question 10

According to the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," in which of the following ways does philanthropy not improve the market outcome?

Accepted Answer

A)  Draw in experts including universities.
B)  Give awards.
C)  Make novel arrangements with private companies.
D)  Require firms to research new and improved health care solutions.

Question 11

Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

Accepted Answer

A) True 
 B)False

Question 12

If women are not allowed to own property or inherit wealth but men are, this is an example of comparative advantage.

Accepted Answer

A) True 
 B)False

Question 13

In-kind transfers include housing subsidies and food stamps.

Accepted Answer

A) True 
 B)False

Question 14

The World Bank defines extreme poverty as income of less than $1.25 per day per person.

Accepted Answer

A) True 
 B)False

Question 15

According to the World Bank, _______ people are classified as being in severe poverty.

Accepted Answer

A)  100,000 million
B)  500,000 million
C)  over 1 billion
D)  2.5 billion

Question 16

According to Rostow's stages of economic development, poor nations must increase their farm productivity so that some workers can leave farming and move into other industries.

Accepted Answer

A) True 
 B)False

Question 17

The World Bank defines severe poverty as

Accepted Answer

A)  An income level of less than $1.25 per person per day.
B)  An income level of less than $2.00 per person per day.
C)  An income level that does not allow an individual to buy basic necessities.
D)  An extreme lack of food.

Question 18

The United Nations'goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the

Accepted Answer

A)  Global Poverty Goal.
B)  Millennium Poverty Goal.
C)  United Nations'Poverty Goal.
D)  World Poverty Goal.

Question 19

De Soto's The Other Path encourages poor countries to use their development policies to do all of the following except

Accepted Answer

A)  Encourage population growth.
B)  Reduce regulations.
C)  Enforce laws to safeguard property.
D)  Encourage entrepreneurship.

Question 20

The general approaches to global poverty reduction include all of the following except

Accepted Answer

A)  Economic growth that raises average incomes.
B)  Redistribution of incomes across nations.
C)  Redistribution of incomes within countries.
D)  An increase in government control of resources.

Exam 23: Global Poverty

According to official U.S.statistics, the U.S.poverty rate has been approximately _____ percent for the last 40 years.

Correct AnswerverifiedShow Answer

Which of the following is not important for the development of human capital?

Correct AnswerverifiedShow Answer

An increase in output or real GDP is

Correct AnswerverifiedShow Answer

The World Bank defines severe poverty as

Correct AnswerverifiedShow Answer

Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

Correct AnswerverifiedShow Answer

The general approaches to global poverty reduction include all of the following except

Correct AnswerverifiedShow Answer

Women in poor countries are more likely to experience all of the following except

Correct AnswerverifiedShow Answer

According to the World Bank, _______ people are classified as being in severe poverty.

Correct AnswerverifiedShow Answer

The United Nations'goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the

Correct AnswerverifiedShow Answer

If women are not allowed to own property or inherit wealth but men are, this is an example of comparative advantage.

Correct AnswerverifiedShow Answer

Which of the following contributes to an institutional structure that promotes economic growth?

Correct AnswerverifiedShow Answer

According to Rostow's stages of economic development, poor nations must increase their farm productivity so that some workers can leave farming and move into other industries.

Correct AnswerverifiedShow Answer

Over half of the people in the world who live in extreme poverty live in China and India combined.

Correct AnswerverifiedShow Answer

In 1963 the U.S.poverty standard was equal to

Correct AnswerverifiedShow Answer

According to the World View article titled "The Way We Give: Philanthropy Can Step In Where Market Forces Don't," in which of the following ways does philanthropy not improve the market outcome?

Correct AnswerverifiedShow Answer

The World Bank defines extreme poverty as income of less than $1.25 per day per person.

Correct AnswerverifiedShow Answer

In his book The Other Path, de Soto suggests that countries will grow more quickly if governments limit entrepreneurship.

Correct AnswerverifiedShow Answer

In-kind transfers include housing subsidies and food stamps.

Correct AnswerverifiedShow Answer

De Soto's The Other Path encourages poor countries to use their development policies to do all of the following except

Correct AnswerverifiedShow Answer

China has experienced particularly high rates of economic growth as a result of

Correct AnswerverifiedShow Answer

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