Question 1 (2 points) aved Listen The elimination of corruption and improvement of governance is important for development because it reduces the labor in the agriculture-rural sector as the Lewis model predicts it can be viewed as part of an antipoverty strategy. it encourages the empowerment of women. honest governments may promote growth and sustainably high incomes. the effects of corruption fall disproportionately on the poor and are a major restraint on their ability to escape from poverty Question 2 (2 points) / Saved Listen Neoliberalism Emphasizes markets as the only way towards economic development. jews developmental states as necessary for economic development. Is consistent with Evans predatory view of states. Assumes that less developed economies function within perfectly competitive markets Is the same as neoclassical economics. Views government failures as unavoidable. Question 3 (2 points) Saved )Listen Capabilities for an individualaccording to Sensapproach to developmentIs the same as neoclassical economics. Views government failures as unavoidable. Question 3 (2 points) Saved -)Listen Capabilities for an individual according to Sen's approach to development correspond to Functionings achieved. Negative freedoms achieved. Positive freedoms achieved. Commodities possessed. Question 4 (2 points) ~ Saved Listen The Washington consensus reflected the rise of Structuralism as the dominant paradigm in development economics. reflected a consensus that came about from NAFTA. reflected a shift towards Neoliberalism and its suspicious view of government led policies for development. did not always accord with realities in developing countries that were successful like South Korea and Taiwan. reflected a free market approach to development supported by the IMF, the World bank and key U.S. government agencies. Question 5 (10 points) Saved acer[reflected a free market approach to development supported by the IMP, the World bank and key U.S. government agencies. Question 5 (10 points) Saved Listen Match the word or words to the appropriate definition using the bank of words. Note that more than one word can be associated with a definition. The process of improving the quality of all human lives and capabilities by raising people's levels of living, self-esteem, and freedom An economy in which production is mainly for personal consumption and the standard of living yields little more than basic necessities of life food, shelter, and clothing A deliberate and conscious attempt by the state to formulate decisions on how the factors of Capabilities production will be allocated among different 2. Absolute Poverty uses or industries, thereby determining how much of 3. Economic Planning total goods and services will be produced in one or 4. Subsistence Economy more ensuing periods acerilive Gluing PERUUS. A situation of being unable 5. Functionings to meet the minimum levels of income, food 6. Development clothing, health care. shelter and other 7. Globalization essentials 8. Neoclassical Economics End poverty in all its forms 13 everywhere and end 9. Economic Development hunger, achieve food security and improved 10. Political Economy nutrition and promote sustainable agriculture 11. Less Developed Economies What people do or can do 5 with the commodities of 12. More Developed Economies given characteristics that they come to possess or 13. Sustainable Development Goals control The increasing integration of national economies into expanding international markets An approach to economics that emphasizes utility, profit maximization. market efficiency and determination of equilibrium The freedoms that people have. given their personal features and their command over commodities acerQuestion 6 (1 point) Saved Embedded autonomy is a characteristic associated with that of the developmental state according to James Cypher. True False Question 7 (1 point) Saved Listen According to Todaro and Smith it has been increasingly recognized that development success depends not only on a vibrant private sector and an efficient public secto but on a vigorous citizen sector or Non-governmental organizations as well. True False Question 8 (1 point) Saved Ister The type of state that can generate economic development according to James Cypher is that of the non-cohesive state. True O False Question 9 (1 point) Saved Listen According to James Cypher an example of a developmental state is that of TaiwanQuestion 9 (1 point) According to James Cypher an example of a developmental state is that of Taiwan while an example of a fragmented intermediate state is that of Brazil. True False Question 10 (1 point) Saved ") Listen Wealth as a concept is different than that of Income because the former is measured in dollars at a specific point in time while the latter is measured in dollars per unit of time. True False Question 11 (1 point) Saved Listen Absolute poverty can decrease as income inequality increases in an economy. True False Question 12 (1 point) Saved Neoliberalism is a concept that is synonymous with that of Neoclassical economics. TrueQuestion 12 (1 point) Saved () Listen Neoliberalism is a concept that is synonymous with that of Neoclassical economics. O True False Question 13 (1 point) Saved ")Listen The HDI measure of development is a geometric mean across indices of health education and GNI per capita income. True O False Question 14 (1 point) Saved Listen The big push model assumes all of the other answers are correct. that a less developed economy is in an underdevelopment trap that there does not exist a coordination problem in the economy. that a less developed economy is dominated by monopolistic competition. Question 15 (1 point) Saved Listen The Millennium Development Goals include2 Question 15 (1 point) Saved Listen The Millennium Development Goals include O universal primary education. eliminating the proportion of people living on more than $1.25 per day. all of the other answers are correct. O increasing exports by one half. Question 16 (1 point) Saved Listen Development economics is the study of the allocation of resources in developing countries alleviation of absolute poverty. all of the other answers are correct. structural transformation of institutions and an economy Question 17 (1 point) Saved Listen Which of the following is an important objective of development? increases in per capita income. increases in individual and national self-esteem. all of the other answers involve an important objective of development. the expansion of available freedoms. acer) all of the other answers involve an important objective of development. the expansion of available freedoms Question 18 (1 point) Saved The World Bank classifies countries as more or less developed based on the poverty rate. the freedoms that individuals can attain. all of the other answers are correct. the level of income per capita. the literacy rate. Question 19 (1 point) Saved Listen A definition of the meaning of development is the elimination of absolute poverty. expansion of capabilities and freedoms of a society improvement in the quality of life all of the other answers are correct Question 20 (1 point) Saved According to the World Bank's classification a country is classified as an Upper middle-income country (UMC) when its GNI per capita is:improvement in the quality of life. all of the other answers are correct. Question 20 (1 point) Saved Listen According to the World Bank's classification a country is classified as an Upper middle-income country (UMC) when its GNI per capita is: Between $3,896 and $12,055 in 2018 More than $3,896. none of the other answers is correct. Between $3,896 and $15,305 in 2018. Between $996 and $3,896 in 2018. Question 21 (1 point) Saved ) Listen One of the components of the human development index is the number of doctors per hundred people in the population. none of the other answers is correct. the percentage of the population who are high school graduates, the average daily intake of protein. O life expectancy at birth. Question 22 (1 point) Saved 10Listen acerQuestion 22 (1 point) 4)Listen According to Todaro and Smith people in the extreme poverty strata use the following as transportation: Motor-bike. Foot Bicycle. all of the other answers are correct. Question 23 (1 point) Saved Listen A critique to the Lewis model is its assumption of diminishing returns in the modern industrial sector duality in the economy. income sharing in the agriculture-rural sector. increasing returns in the modern industrial sector Question 24 The Washington consensus is consistent with the view that would b care of and is not a major obstacle in itself to growth and development.Question 24 (1 point) Saved )Listen The Washington consensus is consistent with the view that _would be taken care of by and is not a major obstacle in itself to growth and development. O poverty in a country; income inequality economic growth; income inequality poverty in a country; economic growth economic growth; anti-poverty programs poverty in a country; anti-poverty programs Question 25 (1 point) Saved () Listen he new consensus, in contrast to the Washington consensus, emerged initially in 1998 at the Summit __recognized that can be worse thank. of Africa in Nairobi: government failures; market failures of the Americas in Mexico D.F.: market failures; government failures of Asia in Seoul: government failures: market failures of the Americas in Santiago de Chile: market failures: government failures none of the other answers is correct. Question 26 (1 point) Saved Listen NGOs have a comparative advantage between conventional sinceof the Americas in Santiago de Chile; market failures; government failures none of the other answers is correct. Question 26 (1 point) Saved Listen NGOs have a comparative advantage between conventional since activities tend to be partially rival, partially excludable, or excludable private and public goods; rival but not excludable; but not rival none of the other answers is correct. () primary goods: free riding but not excludable; but not rival private and public goods; rival but not excludable; but rival ( primary goods: rival but not excludable; but not rival Question 27 (1 point) Saved A well-functioning market system depends on and demarcated; procedures for establishing property rights and _ them. O property rights clearly established; transferring public goods provision; protecting rule of law: expanding property rights clearly established: expanding