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
Questions: 22 | Attempts: 1298 | Last updated: Dec 7, 2018
-
Sample QuestionThe Council of Economic Advisers was established to give economic advice to Congress.
Questions: 10 | Attempts: 749 | Last updated: May 25, 2021
-
Sample QuestionIf interest payment is deducted from the fiscal deficit, then the balance is
Questions: 30 | Attempts: 724 | Last updated: Sep 29, 2020
-
Sample QuestionThe personal distribution of income describes the manner in which society's total personal income is divided among wages and salaries, corporate profits, proprietors' income, interest, and rents.
Back to top