Question 1

In 2017, foreign aid from the IACs was

Accepted Answer

A)  less than one-quarter of 1 percent of their collective output.
B)  about 1 percent of its output.
C)  about 3 percent of its output.
D)  about 5 percent of its output.E) A) and B)
F) All of the above

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.E) A) and B)
F) A) and C)

Question 3

The demographic transition concept suggests that

Accepted Answer

A)  effective birth control is the primary prerequisite of DVC income growth.
B)  income growth must first occur before DVC birth rates will decline.
C)  children are economic assets in the IACs but economic liabilities in the DVCs.
D)  the IACs will have higher birth rates than the DVCs.E) None of the above
F) All of the above

Question 4

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

Accepted Answer

A)  capital using.
B)  capital saving.
C)  capital intensive.
D)  an in-kind investment.E) All of the above
F) B) and C)

Question 5

Which of the following is most characteristic of developing nations?

Accepted Answer

A)  a small percentage of the labor force in agriculture
B)  a relatively equitable distribution of income
C)  low levels of labor productivity
D)  low rates of population growthE) A) and B)
F) None of the above

Question 6

Which characteristic is most typical of human resources in developing nations?

Accepted Answer

A)  a small population base
B)  low unemployment in urban areas
C)  low unemployment in rural areas
D)  high unemployment in urban areasE) B) and D)
F) C) and D)

Question 7

Early experience with conditional cash transfers has revealed that

Accepted Answer

A)  most of these cash transfers available go unused because parents don't want to fulfill the requirements.
B)  there is no significant improvement in nutrition and health compared to nonrecipients.
C)  they encourage school enrollment, but poor-quality schools limit the ability to lift people out of poverty.
D)  the resulting improvements in education and health give the recipients a significant earnings advantage over nonrecipients.E) A) and B)
F) A) and C)

Question 8

What is needed to aid capital formation in developing countries?

Accepted Answer

A)  more capital flight
B)  more oil resources
C)  more entrepreneurship
D)  higher price supports for productsE) B) and C)
F) C) and D)

Question 9

The World Bank operates primarily as a

Accepted Answer

A)  deposit institution for nations' gold supplies.
B)  coordinator for private banks in major nations.
C)  lender of last resort to less-developed nations.
D)  U.S. government agency that supervises banks worldwide.E) None of the above
F) B) and C)

Question 10

All of the following contribute to low investment spending in DVCs except

Accepted Answer

A)  low rates of saving.
B)  inadequacy of public capital goods (infrastructure) .
C)  political instability.
D)  expensive labor.E) A) and B)
F) None of the above

Question 11

What is the World Bank? What is its major objective?

Accepted Answer

The World Bank is a bank that lends (and...

Question 12

In the DVCs, underemployment frequently takes the form of

Accepted Answer

A)  factory workers who are working longer hours than they would prefer.
B)  workers who are employed inefficiently in small industry when they could be highly productive in agriculture.
C)  farmers whose productivity is very low.
D)  craft workers and artisans who are replaced by simple machinery and equipment.E) None of the above
F) All of the above

Question 13

Which of the following nations is not considered an industrially advanced country?

Accepted Answer

A)  Brazil
B)  Japan
C)  Canada
D)  AustraliaE) C) and D)
F) None of the above

Question 14

Capital flight is a problem facing DVCs that involves the

Accepted Answer

A)  difficulty of sustaining skilled workers in the government sector of the DVC economies.
B)  transfer of private savings from DVCs to IACs.
C)  flight of agricultural workers from rural to urban areas, especially capital cities, to take advantage of better job opportunities.
D)  movement of capital goods from IACs to DVCs to avoid taxes.E) B) and C)
F) None of the above

Question 15

The average per capita income in 2017 for low-income developing nations was about

Accepted Answer

A)  $775.
B)  $2,100.
C)  $1,990.
D)  $4,600.E) A) and D)
F) A) and C)

Question 16

Low-income developing countries generally have the following characteristics except

Accepted Answer

A)  low population growth rates.
B)  low levels of industrialization.
C)  dependency on exports of agricultural products or raw materials.
D)  minimal amounts of capital resources.E) A) and B)
F) A) and C)

Question 17

The "brain drain" problem in the DVCs refers to the fact that the best-educated workers

Accepted Answer

A)  are concentrated in the public, rather than the private, sector.
B)  are concentrated in the private, rather than the public, sector.
C)  are concentrated in urban, rather than rural, areas.
D)  have emigrated from the DVCs to the IACs.E) All of the above
F) A) and B)

Exam 28: The Economics of Developing Countries

What is needed to aid capital formation in developing countries?

Correct Answer
verified

Low-income developing countries generally have the following characteristics except

Correct Answer
verified

In the DVCs, underemployment frequently takes the form of

Correct Answer
verified

Capital flight is a problem facing DVCs that involves the

Correct Answer
verified

All of the following contribute to low investment spending in DVCs except

Correct Answer
verified

Early experience with conditional cash transfers has revealed that

Correct Answer
verified

Which of the following nations is not considered an industrially advanced country?

Correct Answer
verified

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

Correct Answer
verified

The low per capita outputs of the DVCs are explained by

Correct Answer
verified

Which characteristic is most typical of human resources in developing nations?

Correct Answer
verified

In 2017, foreign aid from the IACs was

Correct Answer
verified

The demographic transition concept suggests that

Correct Answer
verified

What is the World Bank? What is its major objective?

Correct Answer
verified
The World Bank is a bank that lends (and...
View Answer

The "brain drain" problem in the DVCs refers to the fact that the best-educated workers

Correct Answer
verified

The World Bank operates primarily as a

Correct Answer
verified

The average per capita income in 2017 for low-income developing nations was about

Correct Answer
verified

Which of the following is most characteristic of developing nations?

Correct Answer
verified

Exam 28: The Economics of Developing Countries

What is needed to aid capital formation in developing countries?

Correct AnswerverifiedShow Answer

Low-income developing countries generally have the following characteristics except

Correct AnswerverifiedShow Answer

In the DVCs, underemployment frequently takes the form of

Correct AnswerverifiedShow Answer

Capital flight is a problem facing DVCs that involves the

Correct AnswerverifiedShow Answer

All of the following contribute to low investment spending in DVCs except

Correct AnswerverifiedShow Answer

Early experience with conditional cash transfers has revealed that

Correct AnswerverifiedShow Answer

Which of the following nations is not considered an industrially advanced country?

Correct AnswerverifiedShow Answer

A new fertilizer that is better suited to a nation's topography and climate is an example of a technological advance that is

Correct AnswerverifiedShow Answer

The low per capita outputs of the DVCs are explained by

Correct AnswerverifiedShow Answer

Which characteristic is most typical of human resources in developing nations?

Correct AnswerverifiedShow Answer

In 2017, foreign aid from the IACs was

Correct AnswerverifiedShow Answer

The demographic transition concept suggests that

Correct AnswerverifiedShow Answer

What is the World Bank? What is its major objective?

Correct AnswerverifiedThe World Bank is a bank that lends (and...View AnswerShow Answer

The "brain drain" problem in the DVCs refers to the fact that the best-educated workers

Correct AnswerverifiedShow Answer

The World Bank operates primarily as a

Correct AnswerverifiedShow Answer

The average per capita income in 2017 for low-income developing nations was about

Correct AnswerverifiedShow Answer

Which of the following is most characteristic of developing nations?

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
The World Bank is a bank that lends (and...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified