Question 1

In recent years, many DVCs have come to realize that

Accepted Answer

A)  expanded international trade is harmful to DVCs. 
B)  private capital investment is essential for economic growth in DVCs. 
C)  the International Monetary Fund is the major institutional barrier to economic growth. 
D)  government involvement in economic development is the only avenue for economic growth. 
A)  expanded international trade is harmful to DVCs. 
B)  private capital investment is essential for economic growth in DVCs. 
C)  the International Monetary Fund is the major institutional barrier to economic growth. 
D)  government involvement in economic development is the only avenue for economic growth.

Question 2

The low per capita outputs of the DVCs are explained by

Accepted Answer

A)  insuﬃcient saving and investment. 
B)  overinvestment in human capital. 
C)  slow population growth. 
D)  excessively rapid technological advance. 
A)  insuﬃcient saving and investment. 
B)  overinvestment in human capital. 
C)  slow population growth. 
D)  excessively rapid technological advance.

Question 3

$$\begin{array} { | c | c | } 
\hline \text { Country } & \text { Per Capita Income, } 2017 \
\hline A & \$ 621 \
\hline B & 14,894 \
\hline C & 31,555 \
\hline D & 3,498 \
\hline E & 2,005 \
\hline
\end{array}$$ Which of the given nations would be middle-income developing countries (DVCs), according to the World Bank?

Accepted Answer

A)  country E only 
B)  countries A, D, and E 
C)  countries D and E 
D)  country D only 
A)  country E only 
B)  countries A, D, and E 
C)  countries D and E 
D)  country D only

Question 4

Which of the following is not part of a nation's infrastructure?

Accepted Answer

A)  communications facilities 
B)  roads, highways, and bridges 
C)  the electrical power system 
D)  industrial plants and equipment 
A)  communications facilities 
B)  roads, highways, and bridges 
C)  the electrical power system 
D)  industrial plants and equipment

Question 5

Which of these sets of nations consists of high-income economies?

Accepted Answer

A)  Brazil, Thailand, and South Africa 
B)  China, India, and Russia 
C)  Canada, Switzerland, and France 
D)  United States, South Korea, and Mexico 
A)  Brazil, Thailand, and South Africa 
B)  China, India, and Russia 
C)  Canada, Switzerland, and France 
D)  United States, South Korea, and Mexico

Question 6

To be classiﬁed as a low-income developing country, annual per capita income in 2017 needed to be

Accepted Answer

A)  $995 or less. 
B)  $628 or less. 
C)  $2,018 or less. 
D)  $800 or less. 
A)  $995 or less. 
B)  $628 or less. 
C)  $2,018 or less. 
D)  $800 or less.

Question 7

In recent years, the industrially advanced nations as a group have provided foreign aid amounting to about what percentage of their aggregate outputs?

Accepted Answer

A)  0.25 percent 
B)  0.7 percent 
C)  1 percent 
D)  2 percent 
A)  0.25 percent 
B)  0.7 percent 
C)  1 percent 
D)  2 percent

Question 8

All developing countries suffer from a critical shortage of

Accepted Answer

A)  land. 
B)  population. 
C)  capital goods. 
D)  government regulation. 
A)  land. 
B)  population. 
C)  capital goods. 
D)  government regulation.

Question 9

A study concludes that in DVCs, rising incomes must ﬁrst be achieved and only then will there be slower population growth. What view of DVC population growth would this study be supporting?

Accepted Answer

A)  traditional view 
B)  peasant agriculture view 
C)  the will-to-develop view 
D)  demographic transition view 
A)  traditional view 
B)  peasant agriculture view 
C)  the will-to-develop view 
D)  demographic transition view

In recent years, many DVCs have come to realize that

The low per capita outputs of the DVCs are explained by

Country Per Capita Income, 2017 A \ 621 B 14,894 C 31,555 D 3,498 E 2,005 Which of the given nations would be middle-income developing countries (DVCs), according to the World Bank?

Which of the following is not part of a nation's infrastructure?

Which of these sets of nations consists of high-income economies?

To be classiﬁed as a low-income developing country, annual per capita income in 2017 needed to be

In recent years, the industrially advanced nations as a group have provided foreign aid amounting to about what percentage of their aggregate outputs?

All developing countries suffer from a critical shortage of

A study concludes that in DVCs, rising incomes must ﬁrst be achieved and only then will there be slower population growth. What view of DVC population growth would this study be supporting?

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures Caused by Externalities Asymmetric Information

Public Goods, Public Choice, and Government Failure

An Introduction to Macroeconomics

Measuring Domestic Output and National Income

Economic Growth

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, and Debt

Money, Banking, and Financial Institutions

Money Creation

Interest Rates and Monetary Policy

Financial Economics

Extending the Analysis of Aggregate Supply

Current Issues in Macro Theory and Policy

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

Filters

Exam 22: The Economics of Developing Countries

In recent years, many DVCs have come to realize that

The low per capita outputs of the DVCs are explained by

Country Per Capita Income, 2017 A \ 621 B 14,894 C 31,555 D 3,498 E 2,005 Which of the given nations would be middle-income developing countries (DVCs), according to the World Bank?

Which of the following is not part of a nation's infrastructure?

Which of these sets of nations consists of high-income economies?

To be classiﬁed as a low-income developing country, annual per capita income in 2017 needed to be

In recent years, the industrially advanced nations as a group have provided foreign aid amounting to about what percentage of their aggregate outputs?

All developing countries suffer from a critical shortage of

A study concludes that in DVCs, rising incomes must ﬁrst be achieved and only then will there be slower population growth. What view of DVC population growth would this study be supporting?

The Market System and the Circular Flow

Demand, Supply, and Market Equilibrium

Market Failures Caused by Externalities Asymmetric Information

Public Goods, Public Choice, and Government Failure

An Introduction to Macroeconomics

Measuring Domestic Output and National Income

Economic Growth

Business Cycles, Unemployment, and Inflation

Basic Macroeconomic Relationships

The Aggregate Expenditures Model

Aggregate Demand and Aggregate Supply

Fiscal Policy, Deficits, and Debt

Money, Banking, and Financial Institutions

Money Creation

Interest Rates and Monetary Policy

Financial Economics

Extending the Analysis of Aggregate Supply

Current Issues in Macro Theory and Policy

International Trade

The Balance of Payments, Exchange Rates, and Trade Deficits

Filters