Question 1

U.S. poverty is more about _______ deprivation than _______ deprivation.

Accepted Answer

A)   meaningful; mild
B)   insignificant; relative
C)   relative; absolute
D)   absolute; significantE) A) and B)
F) A) and C)

Question 2

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.
D)   Entrepreneurial rate.E) A) and B)
F) All of the above

Question 3

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

Question 4

Which of the following is not true concerning economic growth?

Accepted Answer

A)   It is an increase in real GDP.
B)   It can be sustained in the short run but not the long run.
C)   It means that the production possibilities have expanded.
D)   It's the result of more resources or better technology.E) A) and D)
F) B) and C)

Question 5

Which of the following is not associated with global poverty?

Accepted Answer

A)   The inequality trap.
B)   Long life expectancy.
C)   Lack of education.
D)   AIDS.E) A) and B)
F) A) and C)

Question 6

The best measure of average income for a country is

Accepted Answer

A)   Real GDP.
B)   Per capita GDP.
C)   The economic growth rate.
D)   The capital stock of the economy.E) B) and C)
F) A) and C)

Question 7

The U.N.'s Millennium Poverty Goal is to

Accepted Answer

A)   Keep the number of people in poverty at a constant level.
B)   Cut the percentage of people in extreme poverty in half worldwide.
C)   Cut the absolute number of people in extreme poverty in half worldwide.
D)   Reduce the percentage of people in severe poverty in the poorest nations.E) A) and C)
F) A) and B)

Question 8

Per capita GDP will definitely fall when

Accepted Answer

A)   Population increases.
B)   GDP decreases.
C)   The labor force decreases.
D)   The population growth rate exceeds the economic growth rate.E) A) and B)
F) A) and C)

Question 9

The general approaches to global poverty reduction include all of the following except

Accepted Answer

A)   Economic growth that raises average incomes.
B)   Redistribution of incomes across nations.
C)   Redistribution of incomes within countries.
D)   An increase in government control of resources.E) B) and D)
F) B) and C)

Question 10

An increase in output or real GDP is

Accepted Answer

A)   The inequality trap.
B)   Productivity growth.
C)   Economic growth.
D)   The Millennium Poverty Goal.E) A) and C)
F) B) and C)

Question 11

Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

Accepted Answer

A) True 
 B)False

Question 12

According to the World Bank, over 1 billion people are classified as being in _______ poverty.

Accepted Answer

A)   subsistence
B)   severe
C)   tremendous
D)   extremeE) None of the above
F) A) and B)

Question 13

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.
D)   Limited infrastructure.E) None of the above
F) A) and D)

Question 14

Which of the following will not increase the opportunity for internal financing of capital?

Accepted Answer

A)   Improved banking facilities.
B)   Saving incentives.
C)   Seizing of private banks by the government.
D)   Transparent capital markets.E) None of the above
F) A) and B)

Question 15

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.
D)   Access to health care professionals.E) All of the above
F) A) and B)

Question 16

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
D)   2.5 billionE) B) and C)
F) B) and D)

Question 17

The poverty rate is

Accepted Answer

A)   The percentage of the population that is counted as poor.
B)   The income needed for an individual to be above the poverty line.
C)   The percentage of the population that receives food stamps.
D)   An annual income of less than $22,000 for a family of four in 2009.E) None of the above
F) All of the above

Question 18

Economic growth is the key to ending global poverty.

Accepted Answer

A) True 
 B)False

Question 19

According to the World View titled "Jeffrey Sachs: Big Money, Big Plans," how does Columbia University economics professor Jeffrey Sachs expect global poverty rates to be reduced by half by 2015?

Accepted Answer

A)   Rich nations must double their foreign aid flows now and then double them again in 10 years, while poor nations must develop full-scale, comprehensive plans for poverty reduction.
B)   Rich nations must quadruple their foreign aid flows now, and poor nations need to be more accepting of help.
C)   Rich nations must double their foreign aid flows now and develop full-scale, comprehensive plans for the poor countries to reduce poverty.
D)   Poor nations must develop full-scale, comprehensive plans for poverty reduction without the help of rich nations.E) A) and C)
F) None of the above

Question 20

In 1963 the U.S. poverty standard was equal to

Accepted Answer

A)   $22,000 per year.
B)   $10,000 per year.
C)   $3,000 per year.
D)   $1,000 per year.E) A) and D)
F) A) and C)

Exam 23: International Economics

The poverty rate is

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The U.N.'s Millennium Poverty Goal is to

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Per capita GDP will definitely fall when

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Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

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The general approaches to global poverty reduction include all of the following except

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

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An increase in output or real GDP is

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According to the World View titled "Jeffrey Sachs: Big Money, Big Plans," how does Columbia University economics professor Jeffrey Sachs expect global poverty rates to be reduced by half by 2015?

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According to the World Bank, over 1 billion people are classified as being in _______ poverty.

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The best measure of average income for a country is

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Which of the following is not associated with global poverty?

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Which of the following will not increase the opportunity for internal financing of capital?

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In 1963 the U.S. poverty standard was equal to

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

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

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Which of the following is not true concerning economic growth?

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

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Economic growth is the key to ending global poverty.

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U.S. poverty is more about _______ deprivation than _______ deprivation.

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

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U.S. poverty is more about _ deprivation than _ deprivation.

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