1. While many Asia economies have successfully slashed poverty by half, but poverty still a concern as

a.

The data might not have captured the situation of those in the rural areas.

b.

Government is running out of funds to solve the poverty issues.

c.

The poverty line measured against USA is inaccurate.

d.

The absolute number of people living below the poverty line is still huge and mostly residing in Asia.

2.Which of the following statements with regard to technological externalities is incorrect

a.

knowledge spill overs constitute a typical example of technological externalities

b.

in the presence of technological externalities the price mechanism plays a central role

c.

technological externalities are benefits that are not priced by the market

d.

technological externalities are benefits to other parties that do not carry a market price