
Economic Development Quiz
Quiz
•
Professional Development
•
University
•
Easy
Quỳnh Nguyễn
Used 1+ times
FREE Resource
106 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Todaro and Smith (2020), which combination best captures the multidimensional nature of economic development?
Industrialization, foreign investment, and privatization
Changes in social structures, acceleration of economic growth, and reduction of absolute poverty
Liberalization, deregulation, and market expansion
GDP growth, currency stabilization, and foreign exchange accumulation
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Schaffner (2013) emphasizes the importance of structural transformation in economic development. Which of the following best illustrates structural transformation?
A country increases its exports of raw materials
Transition from agriculture-based employment to manufacturing and services
Expansion of military spending in response to regional conflicts
Government maintaining fixed exchange rates for a decade
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which critique is most applicable when using per capita income as a sole indicator of economic development?
It overstates the importance of environmental sustainability
It neglects distributional aspects and non-economic dimensions like health and education
It underestimates foreign exchange reserves
It fails to measure the size of a country's informal economy
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 17 Sustainable Development Goals (SDGs) emphasize a global partnership. Which of the following targets directly relates to both economic and social development dimensions?
Targeting a 5% GDP growth rate
Achieving full and productive employment and decent work for all
Reducing trade tariffs globally
Expanding foreign direct investment in extractive industries
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best explains Todaro & Smith's distinction between economic growth and development in terms of policy focus?
Economic growth policies always lead to improved well-being
Economic development requires qualitative improvements beyond quantitative economic metrics
Economic growth is a necessary and sufficient condition for development
Economic growth focuses exclusively on currency stabilization and inflation control
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Schaffner (2013), which factor best explains the persistence of high poverty rates despite economic growth in developing countries?
Global financial crises
Inadequate attention to social institutions and distributional mechanisms
Overemphasis on agricultural subsidies
Persistent current account surpluses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following concepts highlights the importance of institutions in shaping development outcomes, as discussed by Perkins et al. (2013)?
The Ricardian model of comparative advantage
Institutional quality's role in ensuring fair market access and contract enforcement
Purchasing power parity (PPP) adjustments in GDP calculations
Absolute advantage in international trade
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