Study Development Economy In A Fun Way In This Quiz

143 Questions | By Themes | Updated: Mar 20, 2022 | Attempts: 51

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Study Development Economy In A Fun Way In This Quiz - Quiz

Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Study development economy in a fun way in this quiz and get your results at the end of the quiz, ALL THE BEST!

Questions and Answers

1.

T or F: When measuring income inequality, the source, location and occupation are considered
- A.
  
  True
- B.
  
  False
2.

The Kuznet ratio measures the degree of inequality between high and low income groups, focusing on which two groups?
- A.
  
  Top 40% and Bottom 40%
- B.
  
  Top 40% and Bottom 20%
- C.
  
  Top 20% and Bottom 40%
- D.
  
  Top 20% and Bottom 40%
3.

This image is an example of what?
- A.
  
  Lorenz Curve
- B.
  
  Gini Coefficient
- C.
  
  Todaro Model
- D.
  
  Harris-Todaro Equilibrium
4.

T or F: The closer the Lorenz curve is to the diagonal, the more equal the income distribution
- A.
  
  True
- B.
  
  False
5.

[Blank] means that when one curve lies above the other, the former is more equal than the later.
6.

Refers to the total share of income received by each of the factors of production, rather than people
- A.
  
  Lorenz Criterion
- B.
  
  Gini coefficent
- C.
  
  Malthusian Population trap
- D.
  
  Functional Distribution
7.

The measure of total income necessary to raise individuals above the poverty line
- A.
  
  Income Poverty
- B.
  
  Total Poverty Gap
- C.
  
  Average Poverty Gap
- D.
  
  Normalized Poverty Gap
8.

T or F: The figure on the Left requires more money to raise people out of poverty
- A.
  
  True
- B.
  
  False
9.

This equation represents what?
- A.
  
  Normalized Poverty Gap
- B.
  
  Total Poverty Gap
- C.
  
  Average Poverty Gap
- D.
  
  Income Poverty Gap
10.

T or F: The Kuznets Inverted U-Hypothesis states that income distribution gets better during each stage of economic growth
- A.
  
  True
- B.
  
  False
11.

T or F: At the end of the Kuznets Inverted U-Hypothesis, there are lower Gini coefficients
- A.
  
  True
- B.
  
  False
12.

Select all the evidences on why reducing poverty does not lead to slower growth
- A.
  
  Reducing poverty creates better access to credit
- B.
  
  Reducing poverty can increase productivity
- C.
  
  Raising incomes of the poor and thus raises the demand for local necessities
- D.
  
  Reducing mass poverty creates an incentive to participate in development
- E.
  
  Promotes savings and invests
13.

The model that proposes a relationship between population growth and economic development, wherein the population will meet a natural stable point where they are forced to live
- A.
  
  Total Income Growth Line
- B.
  
  Malthusian Population Trap
- C.
  
  Kuznets Inverted U-Hypothesis
- D.
  
  Lorenz Criterion
14.

T or F: On the low points of the population growth line, there is negative population growth
- A.
  
  True
- B.
  
  False
15.

T or F: As total income grows, individuals are less likely to save
- A.
  
  True
- B.
  
  False
16.

Past point "S", what does the income per capita typically do?
- A.
  
  Income per capita will not change
- B.
  
  Income per capita will continue to grow
- C.
  
  Income per capita will fall back
- D.
  
  More information is necessary
17.

At point "T", what happens past this threshold?
- A.
  
  Income per capita will continue to grow
- B.
  
  Income per capita will remain stagant
- C.
  
  Population growth will expand
- D.
  
  Population growth and Income per capita will be uneffected
18.

This graph demonstrates the elimination of which ignored progress?
- A.
  
  Technological progress
- B.
  
  Social progress
- C.
  
  Neither progress
- D.
  
  Both progresses
19.

T or F: Technological progress increases productivity of resources, so income growth is higher than population growth
- A.
  
  True
- B.
  
  False
20.

T or F: Income per capita, not household income levels, matter for fertility
- A.
  
  True
- B.
  
  False
21.

T or F: Children are exempt from the utility maximization problem as they are human beings
- A.
  
  True
- B.
  
  False
22.

T or F: The graph on the left shows the budget constraints when children are more expensive compared to the right
- A.
  
  True
- B.
  
  False
23.

Which statements are applicable to this graphic
- A.
  
  Households will be indifferent about the combinations on the same curve
- B.
  
  Households will select the higher points on the same curve because it has higher utility
- C.
  
  Combinations on higher curves have a higher level of utility
- D.
  
  All the curves provide the same level of utility
24.

T or F: Point E represents the equilibrium combination of goods and children
- A.
  
  True
- B.
  
  False
25.

What change is represented in this graph?
- A.
  
  An increase in the price of children
- B.
  
  A decrease in the price of children
- C.
  
  An increase in the price of other goods
- D.
  
  A decrease in the price of other goods