In what respect do developing countries start to converge with developed countries in the long run? Select the correct response a. infant mortality rate b. Per capita income c. Income inequality d. Growth rate in per capita income e. Population growth rate Input-output model is describes as Select the correct response a. A formal model dividing the economy into sectors and tracing the flow of interindustry purchases and sales b. A former model dividing the economy into sectors and tracing the outflow of industry purchases and consumption c. All are correct d. A formal model dividing the economy into sectors and tracing the flow of industry purchases and demand Select the correct response a. life expectancy at birth b. None of the above c. All of the above d. infant mortality rate e. adult literacy rate Select the correct response a. India and China moved to transforming b. Brazil and Nigeria moved to transforming c. India and Sout Africa moved to transforming d. Kenya and Uganda moved to transforming Select the correct response a. more likely to come from small families b. more likely to be women c. None of the above d. more likely to be employed in the modern-industrial sector e. more likely to be well-educated Select the correct response a. None of the above b. the capital-labor ratio is important c. there are external diseconomies from public or private investments d. growth is explained by forces outside the model e. there are diminishing marginal returns to capital Select the correct response a. An increase in the minimum wage b. a decrease in the elasticity of substitution c. A decrease in the cost of capital d. All of the above e. None of the above Select the correct response a. There are growing inequalities in investment in health worldwide b. Life expectancy in Africa increased steadily from 1994 to 2003 due to better health care c. Life expectancy is probably the best single indicator of national health levels d. Development generally improves the health system , while better health increases productivity, social cohesion, and economic welfare Select the correct response a. I. Values and attitudes play a major role in the place of development b. All of the above c. III. transformation of social institutions is necessary for development d. II. People in developing societies do less utility-maximizing e. I and III only Select the correct response a. value marginal product of labor (VMPL) was equal to his/her opportunity cost of labor b. value marginal product of labor (VMPL) was equal to his/her wage c. all are correct d. value marginal product of labor (VMPL) was equal to his/her both opportunity cost of labor and wage Select the correct response a. an active role as prescribed b. a passive and non-supportive role c. an active and supportive role d. a passive and supportive role Select the correct response a. 56% to 65% b. 66% to 75% c. 26% to 35% d. 56% to 75% Select the correct response a. Attentional or Psychological Impact b. Market failure c. Foreign aid d. Resource Mobilization and Allocation Select the correct response a. is the process by which traditional low-productivity (peasant) farms are transformed into high-productivity commercial enterprises? b. How can countries most effectively address problems of national food security? c. are the effects of the high risks faced by farmers in high income countries? d. How can total agricultural output and productivityper capita be substantially increased? Select the correct response a. high rate of fertilizer use resulting in deterioration of soil nutrients b. population increase and ipractical traditional slash-and-burn agricultural practices c. corrupt government officials charging farmers higher price improved d. presence of Latinfundos Select the correct response a. the law of diminishing marginal productivity support risk taking b. economic theory does not satisfactorily explain why small-scale farmersare often resistant to technological innovation in farming techniques c. all are correct d. the theory is based on the assumption that farmers possess “imperfect knowledge” Select the correct response a. Institutional Weaknesses b. Lack of Political Will c. Insufficiand and Unreliable Data d. all are correct Select the correct response a. improvement in the quality of life b. elimination of relative property c. all of the above d. Less reliance on farming e. Urbanization of all the rural communities Select the correct response a. capital-labor ratio b. labor force c. capital d. saving Select the correct response a. all are correct b. subsistence sector, consisting of small-scale private firms and handicraft shop c. Medium-size commercial enterprises in agriculture, industry, trade, and transport owned and operated by local entrepreneurs d. small-scale individual or family-owned commercial business and service activities in the formal and informal rural sectors Select the correct response a. A deliberate and conscious attempt by the state to formulate decisions on how the factors of production will be consumed among different uses b. A deliberate and conscious attempt by the state to formulate decisions on how the factors of production will be allocated among different uses c. all are correct d. A deliberate and conscious attempt by the state to formulate decisions on how the factors of production will be reallocated among different uses. Select the correct response a. nonrivalry but exclusion in usage b. rivalry and exclusion in consumption c. nonrivalry and nonexcluion in cosnumption d. rivalry but nonexclusion in production Select the correct response a. the rapid growth of Asian populations b. all are correct c. the progressive introduction of monetized transactions and the rise of power of the moneylender d. the intervention of European rule Select the correct response a. Tend to have the highest share of the labor force in agriculture b. The share of agriculture in GDP is higher c. Shares of both labor force and agriculture tend to fail as GDP per capita rises Select the correct response a. none of the above b. decreases as real income grows c. can be measured with the Lorenz curve d. shows the average income of the lowest income group e. focuses on those living below an arbitrarily fixed level of wellbeing Select the correct response a. I, II, III and IV b. III and IV only c. I, II, III only I and II only Select the correct response a. Population growth rate trap b. Poverty trap c. Population trap d. Population explosion e. None of the above
