Question 1

In general, countries with well-defined property rights, less government regulation, and lower taxes have

Accepted Answer

A)   More corruption and crime.
B)   Higher per capita incomes.
C)   Higher rates of growth for population.
D)   Higher rates of investment.E) A) and D)
F) A) and B)

Question 2

According to Rostow's five stages of development, which of the following is characteristic of Stage 5?

Accepted Answer

A)   High per capita GDP attained and available to most people.
B)   Dependence on subsistence agriculture.
C)   Rapid industrialization.
D)   Emergence of an entrepreneurial class.E) All of the above
F) A) and C)

Question 3

In order for poor nations to grow out of Stage 1, farm productivity must rise beyond subsistence levels so that workers can

Accepted Answer

A)   Take longer vacations.
B)   Move to jobs in other industries.
C)   Stop worrying about the weather.
D)   Retire at a younger age.E) A) and B)
F) B) and D)

Question 4

The U.S. poverty standard in 2009 was set at $35,000 per year for a family of four.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following does not contribute to a pro-business climate for investors?

Accepted Answer

A)   Secure property rights.
B)   Minimal government regulation.
C)   Legalized profit.
D)   High tax rates.E) All of the above
F) C) and D)

Question 6

The two general approaches to reducing global poverty include the redistribution of incomes and economic growth.

Accepted Answer

A) True 
 B)False

Question 7

One World View article is titled "Glaring Inequalities." Of the countries listed, the least inequality in the distribution of income is likely to occur in

Accepted Answer

A)   Mali.
B)   Botswana.
C)   Japan.
D)   Guatemala.E) A) and B)
F) B) and D)

Question 8

What is not included in America's poverty count?

Accepted Answer

A)   High school dropouts.
B)   Immigrants.
C)   Teen moms.
D)   In-kind transfers.E) All of the above
F) A) and B)

Question 9

Which of the following is not an example of in-kind transfers?

Accepted Answer

A)   Food stamps.
B)   Social Security payments.
C)   Medicaid benefits.
D)   Housing subsidies.E) None of the above
F) A) and C)

Question 10

Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?

Accepted Answer

A)   Norway.
B)   Australia.
C)   The United Kingdom.
D)   Japan.E) C) and D)
F) A) and B)

Exam 23: International Economics

Which of the following does not contribute to a pro-business climate for investors?

Correct Answer
verified

Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?

Correct Answer
verified

In order for poor nations to grow out of Stage 1, farm productivity must rise beyond subsistence levels so that workers can

Correct Answer
verified

According to Rostow's five stages of development, which of the following is characteristic of Stage 5?

Correct Answer
verified

The two general approaches to reducing global poverty include the redistribution of incomes and economic growth.

Correct Answer
verified

The U.S. poverty standard in 2009 was set at $35,000 per year for a family of four.

Correct Answer
verified

Which of the following is not an example of in-kind transfers?

Correct Answer
verified

What is not included in America's poverty count?

Correct Answer
verified

In general, countries with well-defined property rights, less government regulation, and lower taxes have

Correct Answer
verified

One World View article is titled "Glaring Inequalities." Of the countries listed, the least inequality in the distribution of income is likely to occur in

Correct Answer
verified

Exam 23: International Economics

Which of the following does not contribute to a pro-business climate for investors?

Correct AnswerverifiedShow Answer

Which of the following countries meets or exceeds the U.N.'s Millennium Aid Goal of 0.7 percent of donor country GDP?

Correct AnswerverifiedShow Answer

In order for poor nations to grow out of Stage 1, farm productivity must rise beyond subsistence levels so that workers can

Correct AnswerverifiedShow Answer

According to Rostow's five stages of development, which of the following is characteristic of Stage 5?

Correct AnswerverifiedShow Answer

The two general approaches to reducing global poverty include the redistribution of incomes and economic growth.

Correct AnswerverifiedShow Answer

The U.S. poverty standard in 2009 was set at $35,000 per year for a family of four.

Correct AnswerverifiedShow Answer

Which of the following is not an example of in-kind transfers?

Correct AnswerverifiedShow Answer

What is not included in America's poverty count?

Correct AnswerverifiedShow Answer

In general, countries with well-defined property rights, less government regulation, and lower taxes have

Correct AnswerverifiedShow Answer

One World View article is titled "Glaring Inequalities." Of the countries listed, the least inequality in the distribution of income is likely to occur in

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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