Question
Please help me with these. Thank you. 1.Development economics is concerned with* efficient allocation of scarce resources. economic, social and political institutions. imperfect resource and
Please help me with these. Thank you.
1.Development economics is concerned with*
efficient allocation of scarce resources.
economic, social and political institutions.
imperfect resource and commodity markets.
None of the choices
2.Development is now thought to mean*
economic growth, accompanied by dramatic change in social and political institutions, as well as in the attitudes of the people.
sustained increases in GNP per capita only.
the process by which authoritarian political structures give way to more democratic forms of government.
increases in the population growth rates to more reasonable levels.
a movement towards national food security.
3.Developing countries are commonly characterized by*
low levels of living, high levels of income inequality, and high dependency burdens.
low levels of living, low levels of income inequality, and high dependency burdens.
primary-product exports, inadequate education and vulnerability in international relations.
All of the above
4.To Amartya Sen,*
development is a meaningless concept in a world characterized by capitalist domination of the masses.
development should be thought of as rapid growth of GDP or GNP per capita.
development requires cultural changes such that the poor begin to think in "modern" ways.
development should be thought of as a process during which individuals' "capabilities to function" are enhanced.
5.Which of the following are not among Rostow's stages of growth?*
The age of mass consumption
The take-off
The drive to maturity
The traditional society
All of the above are among Rostow's stages of growth.
6.According to the Harrod-Domar model,*
economic growth depends on wise public investment decisions by the government.
the proletariat must overthrow the capitalists and establish a socialist state before economic growth can occur.
there is surplus labor in the agricultural sector that can be used to fuel economic growth.
the developing world is caught in a dependent relationship with the developed world.
7.In the Lewis model,*
surplus labor is assumed to exist in the urban areas.
capitalists are assumed to reinvest their profits, further increasing the demand for labor.
unemployment is assumed to exist in urban areas.
All of the above.
8.In the Harrod-Domar model, suppose that the national capital-output ratio is 4. If the national net savings rate increases from 8% to 12%, the economic growth rate will increase from __________ to __________.*
2%; 3%
The answer cannot be determined from the information provided.
32%; 48%
-6%; 0%
0.5%; 0.33%
9.Which of the following is not typically an element in the structural change that accompanies development?*
increase in the share of agriculture in GDP (gross domestic product)
increase in manufacturing as a share of GDP
increase in urbanization
All of the above changes accompany development
10.Economic growth measures the*
increase in PPP
increase in education index
increase in output
none of the above
11.The quality of life index (physical) is an aggregation of widely available indicators of basic human needs. Which of the following is not a component of the index:*
life expectancy
per capita income
infant mortality
literacy
12.The concept of Purchasing Power Parity*
is based upon the cost of hamburgers around the world
is based upon the cost of the same market basket of goods in different countries
is based upon the market exchange rate
is based upon the nominal exchange rate
13.Which measure uses a common set of international prices for all goods and services produced?*
purchasing power parity">purchasing power parity income levels
GNI price deflators
foreign exchange rate conversions to U.S. dollars
the exchange rate
14.The Lewis model of the dual economy makes the following assumption(s)*
The rural wage initially remains constant
Industry makes a profit by employing cheap labor
Rural wage will rise when industry expands sufficiently
all of the above
none of the above
15.Industry faces an elastic supply curve of labor because the marginal product of labor in agriculture is*
lower than its marginal product in industry
less than the average product in agriculture
very low or zero
constant at all levels of agricultural output
16.The Arthur Lewis model utilizes the assumption that,*
an unlimited supply of labor is available at a fixed wage rate
supply of labor is a strictly increasing function of wage rate
labor supply grows at a fixed rate
disguised unemployment must not exist in the agricultural sector.
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