Question 1

Which of the following groups is (are) more likely to be poor?

Accepted Answer

A) Minorities 
B) Indigenous people 
C) Women 
D)  All of the above. 
A) Minorities 
B) Indigenous people 
C) Women 
D)  All of the above. D

Question 2

About how many people are living in extreme poverty in the world? Which regions have the greatest percentages of people living in extreme poverty?

Accepted Answer

There are various estimates, including the World Bank estimate of just more than one billion people living in extreme poverty in 2004. Percentage wise, 31 percent of those who reside in South Asia; 41 percent of sub-Saharan Africans live under $1 per day. Specific examples and data cited in the text should also be expected in an answer.

Question 3

Kuznets' inverted-U hypothesis

Accepted Answer

A) implies that things must get worse before they get better. 
B) suggests that inequality will worsen and then improve as a country grows. 
C) suggests that inequality will improve and then worsen as a country grows. 
D)  points out six characteristics of modern economic growth. 
A) implies that things must get worse before they get better. 
B) suggests that inequality will worsen and then improve as a country grows. 
C) suggests that inequality will improve and then worsen as a country grows. 
D)  points out six characteristics of modern economic growth. B

Question 4

About what percent of the world's poorest people are female?

Accepted Answer

A) 30 
B) 50 
C) 70 
D)  90 
A) 30 
B) 50 
C) 70 
D)  90

Question 5

What conclusion can be reached from the following data on income shares?

Accepted Answer

A) absolute poverty is more widespread in Bangladesh 
B) the size distribution of income is more unequal in Indonesia 
C) Bangladesh had adopted a strategy of redistribution with growth 
D)  growth in Bangladesh is calculated using poverty weights rather than income weights 
A) absolute poverty is more widespread in Bangladesh 
B) the size distribution of income is more unequal in Indonesia 
C) Bangladesh had adopted a strategy of redistribution with growth 
D)  growth in Bangladesh is calculated using poverty weights rather than income weights

Question 6

According to Kuznets, in the process of development inequality in an economy will normally

Accepted Answer

A) first rise and then fall. 
B) first fall and then rise. 
C) remain about the same. 
D)  show no definite pattern. 
A) first rise and then fall. 
B) first fall and then rise. 
C) remain about the same. 
D)  show no definite pattern.

Question 7

Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have

Accepted Answer

A) virtually the same number of households in absolute poverty. 
B) virtually the same percentage of households in absolute poverty. 
C) virtually the same level of the Human Development Index. 
D)  None of the above. 
A) virtually the same number of households in absolute poverty. 
B) virtually the same percentage of households in absolute poverty. 
C) virtually the same level of the Human Development Index. 
D)  None of the above.

Question 8

The 2002 World Development Report provides the following information for Colombia and Thailand:
   
a.Explain carefully what each of the entries in the final four columns of this table measures. What concepts are being presented and what is their importance to economic development?

Accepted Answer

The student is asked to commen

Question 9

Which of the following policies might increase labor intensity in industry?

Accepted Answer

A) a decline in the cost of credit 
B) a decline in the minimum wage rate 
C) a decline in the elasticity of substitution 
D)  All of the above 
A) a decline in the cost of credit 
B) a decline in the minimum wage rate 
C) a decline in the elasticity of substitution 
D)  All of the above

Question 10

Explain why a Lorenz curve can never lie to the left or above the 45 degree line.

Accepted Answer

It is constructed by ordering

Question 11

What is a Lorenz curve? Draw one, labeling the axes.

Accepted Answer

Examined i

Question 12

"The 1980s were a lost decade for the absolutely poor." Evaluate this statement.

Accepted Answer

Answers will vary. Y

Question 13

Discuss the benefits of using a "poverty weighted" index of GNP growth as a measure of social welfare as opposed to using the growth in GNP to measure change in social welfare.

Accepted Answer

Students should refer specific

Question 14

Why are about 200 million girls and women said to be "missing" in developing countries?

Accepted Answer

This is the number of females that would

Question 15

Generally speaking, higher-income countries tend to have less income inequality than low-income countries, however this does not always hold true. What could cause a low-income country to have low-income inequality?

Accepted Answer

Low inequality can r

Question 16

What are factor price distortions, and what are their major causes in developing countries?

Accepted Answer

Factors of production are paid prices th

Question 17

Discuss the reasons why developing countries so often use a technology with an excessively high capital labor ratio.

Accepted Answer

Factor price distort

Question 18

Just what is it that makes a technology "appropriate" for a developing country?

Accepted Answer

A technology is appr

Question 19

The poverty gap is the

Accepted Answer

A) absolute number of people below the international poverty line. 
B) percentage of the population below the international poverty line. 
C) consumption (measured in dollars) necessary to bring everyone living below the poverty line up ?to the poverty line. 
D)  percentage of a country's total consumption necessary to bring everyone in the country living?below the poverty line, up to the poverty line. 
A) absolute number of people below the international poverty line. 
B) percentage of the population below the international poverty line. 
C) consumption (measured in dollars) necessary to bring everyone living below the poverty line up ?to the poverty line. 
D)  percentage of a country's total consumption necessary to bring everyone in the country living?below the poverty line, up to the poverty line.

Question 20

Higher-income countries tend to have lower levels of absolute poverty because they

Accepted Answer

A) have more employment opportunities. 
B) have more public assistance. 
C) have greater entrepreneurship opportunities. 
D)  All of the above. 
A) have more employment opportunities. 
B) have more public assistance. 
C) have greater entrepreneurship opportunities. 
D)  All of the above.

Which of the following groups is (are) more likely to be poor?

About how many people are living in extreme poverty in the world? Which regions have the greatest percentages of people living in extreme poverty?

Kuznets' inverted-U hypothesis

About what percent of the world's poorest people are female?

What conclusion can be reached from the following data on income shares?

According to Kuznets, in the process of development inequality in an economy will normally

Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have

The 2002 World Development Report provides the following information for Colombia and Thailand: a.Explain carefully what each of the entries in the final four columns of this table measures. What concepts are being presented and what is their importance to economic development?

Which of the following policies might increase labor intensity in industry?

Explain why a Lorenz curve can never lie to the left or above the 45 degree line.

What is a Lorenz curve? Draw one, labeling the axes.

"The 1980s were a lost decade for the absolutely poor." Evaluate this statement.

Discuss the benefits of using a "poverty weighted" index of GNP growth as a measure of social welfare as opposed to using the growth in GNP to measure change in social welfare.

Why are about 200 million girls and women said to be "missing" in developing countries?

Generally speaking, higher-income countries tend to have less income inequality than low-income countries, however this does not always hold true. What could cause a low-income country to have low-income inequality?

What are factor price distortions, and what are their major causes in developing countries?

Discuss the reasons why developing countries so often use a technology with an excessively high capital labor ratio.

Just what is it that makes a technology "appropriate" for a developing country?

The poverty gap is the

Higher-income countries tend to have lower levels of absolute poverty because they

Economics, Institutions, and Development: a Global Perspective

Comparative Economic Development

Classic Theories of Economic Growth and Development

Contemporary Models of Development and Underdevelopment

Population Growth and Economic Development: Causes, Consequences, and Controversies

Urbanization and Ruralurban Migration: Theory and Policy

Human Capital: Education and Health in Economic Development

Agricultural Transformation and Rural Development

The Environment and Development

Development Policymaking and the Roles of Market, State, and Civil Society

International Trade Theory and Development Strategy

Balance of Payments, Developing-Country Debt, and the Macroeconomic Stabilization Controversy

Foreign Finance, Investment, and Aid: Controversies and Opportunities

Finance and Fiscal Policy for Development

Some Critical Issues for the Twenty-First Century

Filters

Exam 5: Poverty, Inequality, and Development

Which of the following groups is (are) more likely to be poor?

About how many people are living in extreme poverty in the world? Which regions have the greatest percentages of people living in extreme poverty?

Kuznets' inverted-U hypothesis

About what percent of the world's poorest people are female?

What conclusion can be reached from the following data on income shares?

According to Kuznets, in the process of development inequality in an economy will normally

Assuming that the Gini coefficient for Egypt is 0.403 and the Gini coefficient for Australia is 0.404, it is possible to conclude that both Egypt and Australia have

The 2002 World Development Report provides the following information for Colombia and Thailand: a.Explain carefully what each of the entries in the final four columns of this table measures. What concepts are being presented and what is their importance to economic development?

Which of the following policies might increase labor intensity in industry?

Explain why a Lorenz curve can never lie to the left or above the 45 degree line.

What is a Lorenz curve? Draw one, labeling the axes.

"The 1980s were a lost decade for the absolutely poor." Evaluate this statement.

Discuss the benefits of using a "poverty weighted" index of GNP growth as a measure of social welfare as opposed to using the growth in GNP to measure change in social welfare.

Why are about 200 million girls and women said to be "missing" in developing countries?

Generally speaking, higher-income countries tend to have less income inequality than low-income countries, however this does not always hold true. What could cause a low-income country to have low-income inequality?

What are factor price distortions, and what are their major causes in developing countries?

Discuss the reasons why developing countries so often use a technology with an excessively high capital labor ratio.

Just what is it that makes a technology "appropriate" for a developing country?

The poverty gap is the

Higher-income countries tend to have lower levels of absolute poverty because they

Economics, Institutions, and Development: a Global Perspective

Comparative Economic Development

Classic Theories of Economic Growth and Development

Contemporary Models of Development and Underdevelopment

Population Growth and Economic Development: Causes, Consequences, and Controversies

Urbanization and Ruralurban Migration: Theory and Policy

Human Capital: Education and Health in Economic Development

Agricultural Transformation and Rural Development

The Environment and Development

Development Policymaking and the Roles of Market, State, and Civil Society

International Trade Theory and Development Strategy

Balance of Payments, Developing-Country Debt, and the Macroeconomic Stabilization Controversy

Foreign Finance, Investment, and Aid: Controversies and Opportunities

Finance and Fiscal Policy for Development

Some Critical Issues for the Twenty-First Century

Filters