Question 1

Which of the following is a critical key to reducing poverty in the poorest nations?

Accepted Answer

A)  The relationship between output growth and population growth.
B)  Reduced human capital.
C)  Government ownership of resources.
D)  Redistribution of existing income within the nation.

Question 2

Roughly 40%of the people who live in extreme poverty in the world live in

Accepted Answer

A)  Nigeria and China.
B)  China and India.
C)  Bangladesh and El Salvador.
D)  Haiti and India.

Question 3

Which of the following does not contribute to a pro-business climate for investors?

Accepted Answer

A)  Secure property rights.
B)  Minimal government regulation.
C)  Legalized profit.
D)  High tax rates.

Question 4

A limit on the quantity of a good that may be imported in a given time period is

Accepted Answer

A)  An import quota.
B)  A tariff.
C)  A comparative advantage.
D)  An import allocation.

Question 5

Which of the following is not important for the development of human capital?

Accepted Answer

A)  Immunizations and basic health care.
B)  High levels of military spending.
C)  Access to water and sanitation.
D)  Educational opportunities.

Question 6

Which of the following is not an example of microfinance?

Accepted Answer

A)  A loan to a farmer for a goat that will give milk that the farmer can sell.
B)  A loan to a small restaurant owner to buy a refrigerator.
C)  A loan to a U.S.-owned electronics company to expand overseas.
D)  A loan to a woman to buy a sewing machine to make clothes to sell.

Question 7

According to the World Bank,almost 2 billion people are classified as being in severe poverty.

Accepted Answer

A) True 
 B)False

Question 8

Economic growth is the key to ending global poverty.

Accepted Answer

A) True 
 B)False

Question 9

According to the World View titled "Jeffrey Sachs: Big Money,Big Plans," how did Columbia University economics professor Jeffrey Sachs expect extreme poverty to be eliminated by 2025?

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.

Question 10

In order to increase productivity and economic growth,poor nations need

Accepted Answer

A)  Increased capital investment.
B)  A large military.
C)  A strong dictator.
D)  Increased consumption.

Question 11

Import quotas have a negative impact on poor nations because they make it difficult for poor nations to

Accepted Answer

A)  Sell agricultural goods to each other.
B)  Sell agricultural goods to rich nations.
C)  Receive foreign aid from rich nations.
D)  Develop a pro-business environment.

Question 12

Norway is a country that currently exceeds the U.N.'s Millennium Aid Goal for donor country's contribution of GDP.

Accepted Answer

A) True 
 B)False

Question 13

In his book The Other Path,de Soto suggests that countries will grow more quickly if governments limit entrepreneurship.

Accepted Answer

A) True 
 B)False

Question 14

In-kind transfers include

Accepted Answer

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

Question 15

Providing basic health care and education for poor countries is cost-prohibitive.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements is true?

Accepted Answer

A)  American poverty is less severe than global poverty.
B)  American poverty standards are below world poverty standards.
C)  Approximately 25 percent of Americans live in poverty.
D)  American poverty is defined by homelessness and malnutrition.

Question 17

According to the World Bank,"extreme" poverty is defined as an income per person of less than

Accepted Answer

A)  $29,000 per year.
B)  $5,000 per year.
C)  $2.50 per day.
D)  $1.90 per day.

Question 18

The U.N.'s Millennium Aid Goal is for nations to increase their foreign aid levels to 0.7 percent of donor country GDP.

Accepted Answer

A) True 
 B)False

Question 19

The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the

Accepted Answer

A)  Global Poverty Goal.
B)  Millennium Poverty Goal.
C)  United Nations' Poverty Goal.
D)  World Poverty Goal.

Question 20

Economic growth

Accepted Answer

A)  Refers to an increase in output.
B)  Causes the production possibilities curve to shift inward.
C)  Means that capacity has decreased in the short run.
D)  Cannot be sustained over time.

Exam 37: Global Poverty

According to the World Bank,"extreme" poverty is defined as an income per person of less than

Correct AnswerverifiedShow Answer

Which of the following is not important for the development of human capital?

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Economic growth

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According to the World Bank,almost 2 billion people are classified as being in severe poverty.

Correct AnswerverifiedShow Answer

In-kind transfers include

Correct AnswerverifiedShow Answer

Which of the following is a critical key to reducing poverty in the poorest nations?

Correct AnswerverifiedShow Answer

The United Nations' goal of reducing the global rate of extreme poverty to 15 percent by 2015 is known as the

Correct AnswerverifiedShow Answer

In his book The Other Path,de Soto suggests that countries will grow more quickly if governments limit entrepreneurship.

Correct AnswerverifiedShow Answer

Economic growth is the key to ending global poverty.

Correct AnswerverifiedShow Answer

Which of the following statements is true?

Correct AnswerverifiedShow Answer

Which of the following does not contribute to a pro-business climate for investors?

Correct AnswerverifiedShow Answer

According to the World View titled "Jeffrey Sachs: Big Money,Big Plans," how did Columbia University economics professor Jeffrey Sachs expect extreme poverty to be eliminated by 2025?

Correct AnswerverifiedShow Answer

Roughly 40%of the people who live in extreme poverty in the world live in

Correct AnswerverifiedShow Answer

Providing basic health care and education for poor countries is cost-prohibitive.

Correct AnswerverifiedShow Answer

A limit on the quantity of a good that may be imported in a given time period is

Correct AnswerverifiedShow Answer

Which of the following is not an example of microfinance?

Correct AnswerverifiedShow Answer

The U.N.'s Millennium Aid Goal is for nations to increase their foreign aid levels to 0.7 percent of donor country GDP.

Correct AnswerverifiedShow Answer

Import quotas have a negative impact on poor nations because they make it difficult for poor nations to

Correct AnswerverifiedShow Answer

In order to increase productivity and economic growth,poor nations need

Correct AnswerverifiedShow Answer

Norway is a country that currently exceeds the U.N.'s Millennium Aid Goal for donor country's contribution of GDP.

Correct AnswerverifiedShow Answer

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