Question 1

Which of the following does not contribute to an institutional structure that promotes economic growth?

Accepted Answer

A) Policy uncertainty. 
B) A pro-business environment. 
C) Well-defined property rights. 
A) Policy uncertainty. 
B) A pro-business environment. 
C) Well-defined property rights. A

Question 2

According to Rostow's five stages of development,which of the following happens during Stage 3?

Accepted Answer

A) Low productivity. 
B) Little infrastructure. 
C) Increased saving and investment. 
A) Low productivity. 
B) Little infrastructure. 
C) Increased saving and investment. C

Question 3

Which of the following is not an example of microfinance?

Accepted Answer

A) A loan to a farmer for a goat that will give milk that the farmer can sell. 
B) A loan to a small restaurant owner to buy a refrigerator. 
C) A loan to a U.S.-owned electronics company to expand overseas. 
A) A loan to a farmer for a goat that will give milk that the farmer can sell. 
B) A loan to a small restaurant owner to buy a refrigerator. 
C) A loan to a U.S.-owned electronics company to expand overseas. C

Question 4

The U.N.has established a Millennium Poverty Goal of cutting in half by 2015 the number of people in extreme global poverty.

Accepted Answer

A) True 
 B)False

Question 5

The investment rate is the percentage of total output allocated to

Accepted Answer

A) Saving. 
B) Consumer retirement accounts. 
C) Education and training for the workforce. 
D) The production of new plants,equipment,and structures. 
A) Saving. 
B) Consumer retirement accounts. 
C) Education and training for the workforce. 
D) The production of new plants,equipment,and structures.

Question 6

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. 
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 7

The percentage of total output allocated to the production of new plants,equipment,and structures is the

Accepted Answer

A) Investment rate. 
B) Savings rate. 
C) Corporate allocation rate. 
A) Investment rate. 
B) Savings rate. 
C) Corporate allocation rate.

Question 8

Poverty is most likely to decrease when

Accepted Answer

A) Population increases regardless of what happens to economic growth. 
B) GDP increases regardless of what happens to population growth. 
C) Population growth exceeds economic growth. 
D) Economic growth exceeds population growth. 
A) Population increases regardless of what happens to economic growth. 
B) GDP increases regardless of what happens to population growth. 
C) Population growth exceeds economic growth. 
D) Economic growth exceeds population growth.

Question 9

According to Rostow's stages of economic development,in order to move beyond Stage 1,a poor country must improve education and health care for the masses.

Accepted Answer

A) True 
 B)False

Question 10

The ability of a country to produce a specific good at a lower opportunity cost than its trading partners is known as

Accepted Answer

A) The inequality trap. 
B) The human advantage. 
C) Comparative advantage. 
A) The inequality trap. 
B) The human advantage. 
C) Comparative advantage.

Question 11

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 12

Output per labor-hour is used to measure the ________ of labor.

Accepted Answer

A) effort 
B) intelligence 
C) productivity 
A) effort 
B) intelligence 
C) productivity

Question 13

According to the World Bank,"severe" poverty is defined as an income per person of less than

Accepted Answer

A) $8 per day. 
B) $5 per day. 
C) $2 per day. 
A) $8 per day. 
B) $5 per day. 
C) $2 per day.

Question 14

Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?

Accepted Answer

A) Norway. 
B) Australia. 
C) The United Kingdom. 
A) Norway. 
B) Australia. 
C) The United Kingdom.

Question 15

According to Rostow's five stages of development,which of the following is characteristic of Stage 1?

Accepted Answer

A) Increased agricultural productivity. 
B) Low productivity. 
C) Growth-enhancing policies. 
A) Increased agricultural productivity. 
B) Low productivity. 
C) Growth-enhancing policies.

Question 16

In-kind transfers allow "poor" families to enjoy a higher living standard than their cash incomes imply.Adding those transfers to cash incomes would bring the U.S.poverty count down into the 9-11 percent range since currently only cash income is considered.
-Which of the following statements is true?

Accepted Answer

A) American poverty is less permanent than global poverty. 
B) American poverty standards are below world poverty standards. 
C) Approximately 25 percent of Americans live in poverty. 
A) American poverty is less permanent than global poverty. 
B) American poverty standards are below world poverty standards. 
C) Approximately 25 percent of Americans live in poverty.

Question 17

How do population growth and economic growth impact global poverty?

Accepted Answer

Poverty has to do with how much output i

Question 18

In order to have adequate water access,based on the World Bank definition,there should be

Accepted Answer

A) Indoor plumbing in at least one-quarter of the homes in a country. 
B) A private water pipe outside everyone's home. 
C) A protected public water pipe within half a mile of everyone's home. 
A) Indoor plumbing in at least one-quarter of the homes in a country. 
B) A private water pipe outside everyone's home. 
C) A protected public water pipe within half a mile of everyone's home.

Question 19

Per capita GDP will definitely increase if

Accepted Answer

A) GDP increases more rapidly than population. 
B) GDP and population increase at the same rate. 
C) Population increases more rapidly than GDP. 
A) GDP increases more rapidly than population. 
B) GDP and population increase at the same rate. 
C) Population increases more rapidly than GDP.

Question 20

An increase in production possibilities is known as

Accepted Answer

A) Predictable growth. 
B) Factor expansion. 
C) Upward mobility. 
D) Economic growth. 
A) Predictable growth. 
B) Factor expansion. 
C) Upward mobility. 
D) Economic growth.

Exam 37: Global Poverty Glossary Index Reference Tables

Which of the following does not contribute to an institutional structure that promotes economic growth?

According to Rostow's five stages of development,which of the following happens during Stage 3?

Which of the following is not an example of microfinance?

The U.N.has established a Millennium Poverty Goal of cutting in half by 2015 the number of people in extreme global poverty.

The investment rate is the percentage of total output allocated to

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?

The percentage of total output allocated to the production of new plants,equipment,and structures is the

Poverty is most likely to decrease when

According to Rostow's stages of economic development,in order to move beyond Stage 1,a poor country must improve education and health care for the masses.

The ability of a country to produce a specific good at a lower opportunity cost than its trading partners is known as

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

Output per labor-hour is used to measure the ________ of labor.

According to the World Bank,"severe" poverty is defined as an income per person of less than

Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?

According to Rostow's five stages of development,which of the following is characteristic of Stage 1?

How do population growth and economic growth impact global poverty?

In order to have adequate water access,based on the World Bank definition,there should be

Per capita GDP will definitely increase if

An increase in production possibilities is known as

Economics: the Core Issues Appendix: Using Graphs

The Us Economy: a Global View

Supply and Demand

The Role of Government

National Income Accounting

Unemployment

Inflation

The Business Cycle

Aggregate Demand Appendix: the Keynesian Cross

Self-Adjustment or Instability

Fiscal Policy

Deficits and Debt

Money and Banks

The Federal Reserve System

Monetary Policy

Supply-Side Policy: Short-Run Options

Growth and Productivity: Long-Run Possibilities

Theory Versus Reality

Consumer Choice Appendix: Indifference Curves

Elasticity

The Costs of Production

The Competitive Firm

Competitive Markets

Monopoly

Oligopoly

Monopolistic Competition

Natural Monopolies: Deregulation

Environmental Protection

The Farm Problem

The Labor Market

Labor Unions

Financial Markets

Taxes: Equity Versus Efficiency

Transfer Payments: Welfare and Social Security

International Trade

International Finance

Filters