Question 1

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 2

Which of the following is not an example of in-kind transfers?

Accepted Answer

A) Food stamps. 
B) Social Security payments. 
C) Medicaid benefits. 
A) Food stamps. 
B) Social Security payments. 
C) Medicaid benefits.

Question 3

Which of the following is not an example of microfinance?

Accepted Answer

A) A loan to a restaurant owner for an indoor grill. 
B) A loan to a bakery for a machine to mix dough. 
C) A loan to a small farmer for fertilizer. 
D) A loan to an executive for a retirement home. 
A) A loan to a restaurant owner for an indoor grill. 
B) A loan to a bakery for a machine to mix dough. 
C) A loan to a small farmer for fertilizer. 
D) A loan to an executive for a retirement home.

Question 4

The best measure of average income for a country is

Accepted Answer

A) Real GDP. 
B) Per capita GDP. 
C) The economic growth rate. 
A) Real GDP. 
B) Per capita GDP. 
C) The economic growth rate.

Question 5

Output per unit of input measures

Accepted Answer

A) Productivity. 
B) The inequality trap. 
C) Per capita GDP. 
A) Productivity. 
B) The inequality trap. 
C) Per capita GDP.

Question 6

Which of the following does not contribute to low farm productivity in poor nations?

Accepted Answer

A) Laziness. 
B) Inferior technology. 
C) Lack of machinery. 
A) Laziness. 
B) Inferior technology. 
C) Lack of machinery.

Question 7

The knowledge and skills possessed by the workforce is known as

Accepted Answer

A) Human finance. 
B) Investment capital. 
C) Human capital. 
A) Human finance. 
B) Investment capital. 
C) Human capital.

Question 8

The granting of small,unsecured loans to small businesses and entrepreneurs is known as

Accepted Answer

A) Extreme finance. 
B) Microfinance. 
C) Growth finance. 
A) Extreme finance. 
B) Microfinance. 
C) Growth finance.

Question 9

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

Question 10

Which of the following is not a true barrier to human capital development in poor nations?

Accepted Answer

A) Prohibitive costs to meet basic needs. 
B) Inequality trap. 
C) Illiteracy. 
A) Prohibitive costs to meet basic needs. 
B) Inequality trap. 
C) Illiteracy.

Question 11

Over three-fourths of the world's population lives in families that have an average income of less than _____ per year.

Accepted Answer

A) $10,000 
B) $4,000 
C) $2,000 
A) $10,000 
B) $4,000 
C) $2,000

Question 12

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.
-When compared to those in poor countries,poor people in the United States receive

Accepted Answer

A) About the same amount of goods and services. 
B) Somewhat fewer goods and services. 
C) Far fewer goods and services. 
D) Far more goods and services. 
A) About the same amount of goods and services. 
B) Somewhat fewer goods and services. 
C) Far fewer goods and services. 
D) Far more goods and services.

Question 13

In-kind transfers include

Accepted Answer

A) Transfer payments and food stamps. 
B) Public housing and Medicare. 
C) Medicaid and unemployment benefits. 
A) Transfer payments and food stamps. 
B) Public housing and Medicare. 
C) Medicaid and unemployment benefits.

Question 14

Which of the following statements is true?

Accepted Answer

A) U.S.GDP per capita is five times larger than the world average. 
B) According to world standards,12 percent of Americans are poor. 
C) The poorest nations of the world have average incomes of $5,000. 
A) U.S.GDP per capita is five times larger than the world average. 
B) According to world standards,12 percent of Americans are poor. 
C) The poorest nations of the world have average incomes of $5,000.

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

Question 16

The minimally adequate living standard for a U.S.family of four is known as the

Accepted Answer

A) Global poverty standard. 
B) Millennium Poverty Goal. 
C) United Nations Poverty Goal. 
D) U.S.poverty threshold. 
A) Global poverty standard. 
B) Millennium Poverty Goal. 
C) United Nations Poverty Goal. 
D) U.S.poverty threshold.

Question 17

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) The United States. 
B) Canada. 
C) France. 
D) Denmark. 
A) The United States. 
B) Canada. 
C) France. 
D) Denmark.

Question 18

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 19

Which of the following statements is true concerning comparative advantage?

Accepted Answer

A) Poor nations typically have a comparative advantage in high-tech but not agricultural goods. 
B) Poor nations typically have a comparative advantage in agricultural but not high-tech goods. 
C) Poor nations typically have a comparative advantage in the production of all goods. 
A) Poor nations typically have a comparative advantage in high-tech but not agricultural goods. 
B) Poor nations typically have a comparative advantage in agricultural but not high-tech goods. 
C) Poor nations typically have a comparative advantage in the production of all goods.

Question 20

What is the U.N.'s goal for foreign aid to poor countries? Are most countries currently meeting this goal? Explain.

Accepted Answer

The U.N.'s Millennium Aid Goal is to rai

Exam 37: Global Poverty Glossary Index Reference Tables

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

Which of the following is not an example of in-kind transfers?

Which of the following is not an example of microfinance?

The best measure of average income for a country is

Output per unit of input measures

Which of the following does not contribute to low farm productivity in poor nations?

The knowledge and skills possessed by the workforce is known as

The granting of small,unsecured loans to small businesses and entrepreneurs is known as

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

Which of the following is not a true barrier to human capital development in poor nations?

Over three-fourths of the world's population lives in families that have an average income of less than _____ per year.

In-kind transfers include

Which of the following statements is true?

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

The minimally adequate living standard for a U.S.family of four is known as the

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

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

Which of the following statements is true concerning comparative advantage?

What is the U.N.'s goal for foreign aid to poor countries? Are most countries currently meeting this goal? Explain.

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