Question 1

When governments choose to favor some industries over others,they undertake:

Accepted Answer

A)  industrial espionage.
B)  corporate growth policy.
C)  corporate pricing policy.
D)  industrial policy.E) B) and C)
F) None of the above

Question 2

Policies which promote education are central to:

Accepted Answer

A)  economic development.
B)  economic growth.
C)  increasing the capabilities of a society.
D)  All of these statements are true.E) A) and B)
F) B) and D)

Question 3

In the last few decades,there has been:

Accepted Answer

A)  great growth in free trade worldwide.
B)  very little growth in free trade worldwide.
C)  a decline in free trade worldwide.
D)  no growth in free trade worldwide.E) A) and D)
F) B) and C)

Question 4

A problem associated with import substitution as an industrial policy is:

Accepted Answer

A)  it removes the incentive for industries to be efficient.
B)  industries are often chosen for political,not economic,reasons.
C)  it often stays in place long after it was expected to lapse.
D)  All of these are problems associated with import substitution policy.E) C) and D)
F) A) and B)

Question 5

Export-led growth policy involves:

Accepted Answer

A)  favoring those industries that export goods over those that only produce domestically consumed goods through high tariffs.
B)  investing heavily in an industry through tax breaks and export subsidies with the aim of selling goods around the world.
C)  encouraging private investment in industries that currently export goods,rather than those expanding domestically.
D)  discouraging imports with high tariffs.E) B) and D)
F) B) and C)

Question 6

Economist Douglass North's definition of institutions:

Accepted Answer

A)  is the rules of the game in a society.
B)  is the humanly devised constraints that shape human interactions.
C)  includes laws enforced by the government as well as cultural norms.
D)  All of these statements are true.E) A) and B)
F) All of the above

Question 7

The Nobel Prize-winning economist from Harvard who developed the capabilities approach is:

Accepted Answer

A)  Amartya Sen.
B)  Milton Friedman.
C)  John Kenneth Galbraith.
D)  Gary Becker.E) B) and C)
F) A) and B)

Question 8

If average incomes of a nation don't rise over time:

Accepted Answer

A)  improvements in health are impossible.
B)  improvements in health are still possible.
C)  improvements in health are still very likely.
D)  it will have no impact on the nation's ability to improve health.E) None of the above
F) C) and D)

Question 9

Governments choose to pursue industrial policy to:

Accepted Answer

A)  raise tax revenue.
B)  spur economic growth.
C)  create publicly owned companies.
D)  regulate the growth of certain industries.E) A) and B)
F) All of the above

Question 10

The traditional industrial policy of import substitution:

Accepted Answer

A)  has been successful for those countries that managed to pick the "right" industries.
B)  has been successful for the great majority of countries.
C)  is unsuccessful in the real world.
D)  is used by most countries with some degree of success.E) None of the above
F) C) and D)

Question 11

An example of an industrial policy would be:

Accepted Answer

A)  subsidies.
B)  trade barriers.
C)  tax breaks.
D)  All of these statements are true.E) A) and B)
F) All of the above

Question 12

In terms of economic growth,educated workers are generally:

Accepted Answer

A)  more productive.
B)  less productive.
C)  less healthy.
D)  healthier.E) All of the above
F) None of the above

Question 13

Bangladesh has had success with:

Accepted Answer

A)  clustering the textile industry.
B)  clustering the fishing industry.
C)  supporting export-led growth policy.
D)  supporting import substitution policy.E) None of the above
F) C) and D)

Question 14

Development economics focuses on how countries can promote:

Accepted Answer

A)  health.
B)  education.
C)  good governance.
D)  All of these are central to development economics.E) A) and B)
F) A) and C)

Question 15

Private donations of aid are:

Accepted Answer

A)  a dwindling portion of aid given to foreign countries.
B)  larger than the entire budget for official foreign aid provided by the U.S.
C)  a significant portion of aid,nearly half as much as the budget for official foreign aid provided by the U.S.
D)  None of these statements is true.E) A) and D)
F) B) and C)

Question 16

A financing gap is:

Accepted Answer

A)  the difference between the savings rate within an economy and the amount of investment needed to achieve sustainable growth.
B)  the extra savings a country has beyond that needed to achieve sustainable growth.
C)  the difference in the amount of investment dollars coming in to a country and the amount of investment dollars going out of a country.
D)  the extra investment developing countries need in foreign aid to sustain their current rate of growth.E) C) and D)
F) A) and B)

Question 17

Realizing the problems with import substitution,some Asian countries have:

Accepted Answer

A)  supported export-led growth.
B)  become isolationist,like North Korea.
C)  practiced contractionary monetary policy.
D)  worked to maintain a fixed exchange rate.E) A) and B)
F) None of the above

Question 18

In terms of capabilities,education can be seen as:

Accepted Answer

A)  contributing to better family planning.
B)  a factor that reduces income inequality in countries.
C)  a feature of more democratic regimes.
D)  All of these statements are true.E) None of the above
F) A) and D)

Question 19

A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:

Accepted Answer

A)  World Bank.
B)  United Nations Development Plan.
C)  International Monetary Organization.
D)  All of these statements are true.E) B) and C)
F) A) and D)

Question 20

Randomized controlled trials:

Accepted Answer

A)  choose people randomly to measure the impact of a particular intervention,saving the cost of evaluating all participants.
B)  randomly assign people into control and treatment groups in order to focus on the impact of a particular intervention.
C)  control how much of a treatment is given to each participant in order to measure the ideal quantity.
D)  None of these statements is true.E) A) and B)
F) A) and D)

Exam 35: Development Economics

Realizing the problems with import substitution,some Asian countries have:

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When governments choose to favor some industries over others,they undertake:

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An example of an industrial policy would be:

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Economist Douglass North's definition of institutions:

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The Nobel Prize-winning economist from Harvard who developed the capabilities approach is:

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In terms of capabilities,education can be seen as:

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Policies which promote education are central to:

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Governments choose to pursue industrial policy to:

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In the last few decades,there has been:

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Bangladesh has had success with:

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Randomized controlled trials:

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Private donations of aid are:

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A financing gap is:

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Development economics focuses on how countries can promote:

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Export-led growth policy involves:

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The traditional industrial policy of import substitution:

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A problem associated with import substitution as an industrial policy is:

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A multinational organization dedicated to providing financial and technical assistance to developing countries is called the:

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In terms of economic growth,educated workers are generally:

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If average incomes of a nation don't rise over time:

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