WorksheetsAE 12 Quiz 2
Total questions: 10
Worksheet time: 11mins
The core values of development are:
I. The Ability to Meet Basic Needs
II. A sense of worth and self-respect.
III. To Be Able to Choose
IV. To expand the range of economic and social choice
I, II, IV
I, II
I, II, III
I, II, III, IV
An economy in which production is mainly for personal consumption and the standard of living yields little more than basic necessities of life— food, shelter, and clothing.
Absolute poverty
Subsistence economy
Developed countries
Developing countries
The increasing integration of national economies into expanding international markets.
International Trade
Internationalization
Industrialization
Globalization
Ukraine's GDP in 2021 was 164.52 USD Billion and its population is 43,466,822. What is its GDP per capita?
37,849.56
378.50
3,786.70
3,784.96
Which of the following is the correct sequence of economic growth according to Rostow?
Pre Conditions to Take off > Take off Stage > Traditional Society > Drive to Maturity Stage
Take off Stage > Drive to Maturity Stage > Traditional Society > Pre Conditions to Take off
Drive to Maturity Stage > Pre Conditions to Take off > Take off Stage > Traditional Society
Traditional Society > Pre Conditions to Take off > Take off Stage > Drive to Maturity Stage
A poverty trap at the regional or national level in which underdevelopment tends to perpetuate itself over time.
Traditional Society
Underdevelopment Trap
Middle-income trap
Recession
The following are the emphasis of Neoclassical Counterrevolution except?
Coordination Failure
Rational Expectation Theories
Privatization of Public Corporations
Supply Side Macroeconomic Policy
Situations in which big push may be necessary include ____.
Intertemporal effects
Urbanization effects
Infrastructure effects
All of these
Complementarity is an action taken by one firm, worker, or organization that decreases the incentives for other agents to take similar actions.
TRUE
FALSE
An underdeveloped economy has a greater portion of tertiary sector compared to the primary sector.
TRUE
FALSE
