Question 1

Industrial policy is an effort by a government to:

Accepted Answer

A)   regulate prices in particular industries.
B)   identify the most profitable industries in the world and adopt them in its country.
C)   favor some industries over others.
D)   regulate industrial labor markets.E) A) and C)
F) A) and D)

Question 2

What level of daily income is the World Bank's measure of extreme poverty?

Accepted Answer

A)   $1.00
B)   $1.90
C)   $2.25
D)   $3.00E) A) and D)
F) C) and D)

Question 3

Rwanda is an example of a country that has:

Accepted Answer

A)   achieved economic growth only after a democratic regime was put in place.
B)   achieved economic growth without a democratic regime.
C)   failed to achieve economic growth despite having an autocratic regime.
D)   failed to achieve economic growth, despite having a democratic regime.E) A) and C)
F) None of the above

Question 4

Who is the Nobel Prize-winning economist from Harvard who developed the capabilities approach?

Accepted Answer

A)   Amartya Sen
B)   Milton Friedman
C)   John Kenneth Galbraith
D)   Gary BeckerE) A) and B)
F) B) and D)

Question 5

Development economists working in health care strive to figure out how to:

Accepted Answer

A)   give doctors the right incentives to practice good medicine.
B)   force families to make better health care choices.
C)   influence markets in order to lower the costs of health care.
D)   mandate that a certain number of students go into health care fields.E) A) and D)
F) C) and D)

Question 6

The Saudi Arabian government recently passed a law that allows women to travel without a sponsor's permission. This is an example of:

Accepted Answer

A)   decreased human development.
B)   increased capabilities.
C)   decreased utility.
D)   increased economic growth.E) B) and D)
F) None of the above

Question 7

Which of the following organizations delivers foreign aid?

Accepted Answer

A)   International Bank for Reconstruction and Development
B)   United Nations Development Program
C)   International Development Association
D)   All of these organizations deliver foreign aid.E) B) and C)
F) None of the above

Question 8

Thanks to randomized controlled trials, policy-makers and program managers can:

Accepted Answer

A)   more confidently channel resources to approaches that work.
B)   more confidently channel resources to approaches that are cost effective.
C)   have at least some evidence that the programs chosen are better than others.
D)   All of these are true.E) A) and D)
F) All of the above

Question 9

In general, educating workers:

Accepted Answer

A)   does not make them more productive.
B)   increases overall economic growth.
C)   contributes little to other capabilities.
D)   encourages them to leave their native country.E) All of the above
F) None of the above

Question 10

Which of the following is not a way a government might pursue industrial policy?

Accepted Answer

A)   Offer incentives for foreign direct investment
B)   Offer tax breaks to firms in a certain industry
C)   Invest in research to create more growth
D)   Directly manipulate markets in order to control pricesE) A) and C)
F) C) and D)

Question 11

What are the three main types of industrial policy?

Accepted Answer

A)   Import substitution, export-led growth, and clustering
B)   Import substitution, export-led growth, and crowding out
C)   Import substitution, government subsidy, and clustering
D)   Market substitution, government subsidy, and crowding outE) A) and B)
F) A) and C)

Question 12

In reference to industrial policy, networks of interdependent firms, universities, and businesses that focus on production of a specific type of good are called:

Accepted Answer

A)   bundles.
B)   clusters.
C)   vertical industries.
D)   integrated industries.E) A) and B)
F) All of the above

Question 13

It's impossible to sustain economic growth or development in the absence of:

Accepted Answer

A)   a rule of law.
B)   natural resources.
C)   membership to world organizations, like the United Nations.
D)   income equality.E) All of the above
F) A) and B)

Question 14

During the 1980 and 1990s, countries that were given large amounts of aid:

Accepted Answer

A)   experienced robust GDP growth.
B)   experienced weak GDP growth.
C)   saw GDP shrink,
D)   experienced mixed impacts on their GDP growth.E) B) and D)
F) C) and D)

Question 15

Governments choose to pursue industrial policy to:

Accepted Answer

A)   raise tax revenue.
B)   spur economic growth.
C)   craft a balance between economic growth and environmental sustainability.
D)   create fair working conditions within certain industries.E) C) and D)
F) B) and D)

Question 16

Health care improvements often don't happen because:

Accepted Answer

A)   citizens generally prefer government investment in other policies.
B)   policy advisors tend to undervalue health care compared to other policy areas.
C)   doctors in government clinics have limited incentives to practice good medicine.
D)   home remedies and traditional medicine are generally more expensive.E) C) and D)
F) A) and D)

Question 17

What is a major reason for the increase in worldwide school attendance between 1999 and 2019?

Accepted Answer

A)   The abolishment of school fees
B)   The creation of laws forbidding child labor
C)   An increase in the minimum wages adults could earn
D)   The enactment of legislation mandating educationE) None of the above
F) A) and D)

Question 18

When aid is delivered in the form of free or highly discounted goods, it is known as:

Accepted Answer

A)   in-kind goods donations.
B)   freebies.
C)   direct donations.
D)   consumable donations.E) All of the above
F) C) and D)

Question 19

Japan, Singapore, and Taiwan have all:

Accepted Answer

A)   hadsuccess with import substitution policy.
B)   failed to succeed after imitating South Korea's export-led growth policy.
C)   failed tosucceedwith clustering as industrial policy.
D)   had success with export-led growth policy.E) B) and C)
F) A) and D)

Question 20

Impact investing is targeted toward:

Accepted Answer

A)   social businesses.
B)   large multilaterals.
C)   those who live on less than $1 a day.
D)   those in the agricultural sector.E) All of the above
F) A) and B)

Exam 19: Developmenteconomics

Health care improvements often don't happen because:

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In general, educating workers:

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It's impossible to sustain economic growth or development in the absence of:

Correct AnswerverifiedShow Answer

What level of daily income is the World Bank's measure of extreme poverty?

Correct AnswerverifiedShow Answer

During the 1980 and 1990s, countries that were given large amounts of aid:

Correct AnswerverifiedShow Answer

Which of the following organizations delivers foreign aid?

Correct AnswerverifiedShow Answer

Rwanda is an example of a country that has:

Correct AnswerverifiedShow Answer

What are the three main types of industrial policy?

Correct AnswerverifiedShow Answer

Who is the Nobel Prize-winning economist from Harvard who developed the capabilities approach?

Correct AnswerverifiedShow Answer

Development economists working in health care strive to figure out how to:

Correct AnswerverifiedShow Answer

Japan, Singapore, and Taiwan have all:

Correct AnswerverifiedShow Answer

The Saudi Arabian government recently passed a law that allows women to travel without a sponsor's permission. This is an example of:

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Impact investing is targeted toward:

Correct AnswerverifiedShow Answer

Governments choose to pursue industrial policy to:

Correct AnswerverifiedShow Answer

In reference to industrial policy, networks of interdependent firms, universities, and businesses that focus on production of a specific type of good are called:

Correct AnswerverifiedShow Answer

What is a major reason for the increase in worldwide school attendance between 1999 and 2019?

Correct AnswerverifiedShow Answer

Industrial policy is an effort by a government to:

Correct AnswerverifiedShow Answer

Thanks to randomized controlled trials, policy-makers and program managers can:

Correct AnswerverifiedShow Answer

When aid is delivered in the form of free or highly discounted goods, it is known as:

Correct AnswerverifiedShow Answer

Which of the following is not a way a government might pursue industrial policy?

Correct AnswerverifiedShow Answer

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