Study Development Economy In A Fun Way In This Quiz
(265).jpg "Study Development Economy In A Fun Way In This 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!
- 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? - ProProfs]( "This image is an example of what?")
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 - ProProfs]( "T or F: The figure on the Left requires more money to raise people out of poverty")
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? - ProProfs]( "This equation represents what?")
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? - ProProfs]( "Past point \"S\", what does the income per capita typically do?")
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? - ProProfs]( "At point \"T\", what happens past this threshold?")
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? - ProProfs]( "This graph demonstrates the elimination of which ignored progress?")
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 - ProProfs]( "T or F: The graph on the left shows the budget constraints when children are more expensive compared to the right")
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 - ProProfs]( "T or F: Point E represents the equilibrium combination of goods and children")
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? - ProProfs]( "What change is represented in this graph?")
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
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