Question 1

Which of the following companies has received funding from impact investors?

Accepted Answer

A)   d.light design
B)   Pepsi
C)   YouTube
D)   Oculus VRE) B) and C)
F) A) and C)

Question 2

Randomized controlled trials cannot:

Accepted Answer

A)   evaluate the impact of all policies and programs designed to promote economic development at the same time.
B)   provide a cost-benefit analysis for policymakers looking to implement the most efficient program.
C)   determine how people's lives will change through a program or policy compared to how they would have changed without it.
D)   provide surprising results about the most effective way to reduce poverty.E) All of the above
F) A) and D)

Question 3

What is a major criticism of giving foreign aid to developing countries?

Accepted Answer

A)   There is little to no accountability once the funds have been dispensed.
B)   The recipients of aid often have ill-defined goals that are not measurable.
C)   Much of the money may be embezzled or otherwise funnelled away from its intended recipients.
D)   All of these are major criticisms of giving foreign aid to developing countries.E) None of the above
F) B) and C)

Question 4

Which of the following does not limit people's capabilities?

Accepted Answer

A)   Market failures
B)   Income
C)   Economic growth
D)   Political repressionE) A) and B)
F) A) and C)

Question 5

When governments choose to favor some industries over others, they undertake:

Accepted Answer

A)   industrial espionage.
B)   corporate growth policy.
C)   corporate pricing policy.
D)   industrial policy.E) All of the above
F) A) and D)

Question 6

Which of the following scenarios is an example of a poverty trap?

Accepted Answer

A)   Children have to work rather than attending school because the family cannot afford school fees.
B)   A family is able to work less after receiving new farming equipment.
C)   A government increases its investment in health clinics.
D)   All of these are examples of poverty traps.E) A) and D)
F) A) and C)

Question 7

Which of the following is not a tool of industrial policy?

Accepted Answer

A)   Subsidies
B)   Trade barriers
C)   Tax breaks
D)   Interest rate controlsE) A) and B)
F) B) and C)

Question 8

Which of the following would not be considered an industrial policy tool?

Accepted Answer

A)   Incentives for foreign portfolio investment
B)   Investment in research
C)   Incentives for foreign direct investment
D)   All of these are tools of industrial policy.E) A) and B)
F) A) and C)

Question 9

Foreign aid got its start after World War II, when:

Accepted Answer

A)   several European countries began offering aid to help one another recover.
B)   the United States gave $12 billion to help rebuild several European countries.
C)   the United Kingdom gave $12 billion to help rebuild several European countries.
D)   several European countries gave $12 billion in reparations.E) A) and D)
F) A) and B)

Question 10

Impact evaluations answer which question?

Accepted Answer

A)   Will a developing country be able to put aid to productive use?
B)   How did people's lives change after a program or policy was put in motion, compared with how they would have changed without it?
C)   What is the effectiveness of various macro-level governmental or trade policies at promoting economic development?
D)   How will culture change as a result of economic development?E) All of the above
F) A) and C)

Question 11

Which of the following is a reason why national health care programs are not as effective as they could be?

Accepted Answer

A)   Health care providers tend to have a high absentee rate.
B)   Clinics continue to use traditional remedies.
C)   Many clinic doctors do not have sufficient knowledge to properly diagnose patients.
D)   Health care is still too expensive for the majority of the population.E) All of the above
F) A) and B)

Question 12

Impact investors are willing to be more patient, take greater risks, and sometimes accept lower financial returns as long as they're convinced that their money:

Accepted Answer

A)   is being used to create social change.
B)   will have a better financial return in the long run.
C)   is gaining more worth than it would in domestic investments.
D)   None of these statements is true.E) A) and B)
F) C) and D)

Question 13

Tariffs are:

Accepted Answer

A)   taxes on exports.
B)   subsidies for imports.
C)   taxes on imports.
D)   subsidies for exports.E) A) and B)
F) A) and C)

Question 14

In many developing countries, the system of titling is:

Accepted Answer

A)   weak, allowing more and faster investment.
B)   weak, slowing economic development.
C)   strong, slowing the amount of property transfer.
D)   strong, slowing economic growth.E) A) and B)
F) B) and C)

Question 15

Development economists working in health care aim to:

Accepted Answer

A)   force doctors to practice good medicine.
B)   pass government policy mandating that families make better health care choices.
C)   increase the frequency of preventative medicine, such as childhood immunizations.
D)   increase government involvement in the production of necessary healthcare items.E) All of the above
F) B) and C)

Question 16

Since the 1980s and 1990s, many Asian countries have:

Accepted Answer

A)   supported export-led growth instead of import substitution policies.
B)   supported import substitution policies instead of export-led growth.
C)   conducted effective monetary policy.
D)   failed in their attempts at industrial clustering.E) B) and C)
F) A) and D)

Question 17

Development economists working in health care want to:

Accepted Answer

A)   force doctors to practice good medicine.
B)   incentivize families to make better health care choices.
C)   increase the effectiveness of healthcare systems.
D)   All of these are true.E) C) and D)
F) All of the above

Question 18

Economic growth focuses on _______, utility focuses on _______, and the capabilities approach focuses on _______.

Accepted Answer

A)   human development; individual pleasure; output
B)   output; human development; individual pleasure
C)   output; individual pleasure; human development
D)   human development; output; individual pleasureE) A) and D)
F) A) and C)

Question 19

An example of a capability would be the ability to:

Accepted Answer

A)   take a vacation over a long weekend.
B)   live free of the fear of violence.
C)   afford a luxury home.
D)   purchase an item you really want.E) A) and B)
F) B) and C)

Question 20

Some development economists have recently pushed to:

Accepted Answer

A)   fund only those programs that prove to be effective.
B)   put more focus on a program's effectiveness.
C)   stop the trial and error process of funding programs that "might" work.
D)   All of these are true.E) A) and B)
F) A) and C)

Exam 19: Developmenteconomics

An example of a capability would be the ability to:

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Which of the following is a reason why national health care programs are not as effective as they could be?

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Randomized controlled trials cannot:

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Which of the following companies has received funding from impact investors?

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Economic growth focuses on _______, utility focuses on _______, and the capabilities approach focuses on _______.

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Development economists working in health care want to:

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When governments choose to favor some industries over others, they undertake:

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Some development economists have recently pushed to:

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Impact evaluations answer which question?

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Since the 1980s and 1990s, many Asian countries have:

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What is a major criticism of giving foreign aid to developing countries?

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Impact investors are willing to be more patient, take greater risks, and sometimes accept lower financial returns as long as they're convinced that their money:

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Which of the following does not limit people's capabilities?

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Which of the following scenarios is an example of a poverty trap?

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Tariffs are:

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Which of the following would not be considered an industrial policy tool?

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Which of the following is not a tool of industrial policy?

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Development economists working in health care aim to:

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Foreign aid got its start after World War II, when:

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In many developing countries, the system of titling is:

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Economic growth focuses on ___, utility focuses on _, and the capabilities approach focuses on _____.

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