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Worksheets282 Exam 1 Review
Total questions: 23
Worksheet time: 5mins
The best definition of development is...
The overall improvement of the quality of life, security, and economic well-being of a state
Developed nations have a responsibiity to intervene in less developed nations
The process of developing or being developed
Programs, policies and institutions created to aid in the economic prosperity of a state
The HDI specifically measures... (select up to 3)
Total imports - total exports
Education
Health / life expectancy
Standard of living
The Multidemensional Poverty Index (MPI) measures acute deprivations in x, y, and z on a household level
Standard of living
Health
Income
Education
The (a) coefficient measures income inequality on a scale of 0-1
Which indicator uses life expectancy as a measure?
HDI
MPI
Gini coefficient
GSNI
Amartya Sen defined development as (a)
Displacement of indigenous peoples by settlers who form a new society in that area
Elite colonialism
Imperialism
U.S. history
Settler colonialsm
Established mainly to extract abundant natural resources in a vulnerable state
Settler colonialism
Imperialism
Elite colonialism / Extraction colonies
U.S. - Middle East relations
Who proposed Modernization Theory and Pattern Variables?
Taclott Parsons
Walt Rostow
Amartya Sen
Adam Smtih
____ ______ imagined the 5 stages of development
(a)
Government ownership of strategically important industries and investment in industries that did not otherwise attract sufficient private capital
communism
command economy
socialism
statism
Three main policy tools of Import-Substitution Industrialization (ISI)
Accommodationist fiscal and monetary policy
Low taxation rates
Active Industrial Policy (state capital)
Protective International Instruments (ex. tariffs)
In what region did we study ISI practices?
Europe
Latin America
East Asia
Middle East
Three main policy tools of Export-Oriented Industrialization (EOI)
Preferrential access to credit
Temporary trade bans/protections
Higher taxation
Establishing research institutions
In what region did we study EOI practices?
Latin America
United States
East Asia
Eastern Europe
Who were proponents of neoliberalism in the 1970s and 1980s?
Jimmy Carter
Ronald Reagan
Adam Smith
Margaret Thatcher
Method of organizing trade under liberalism/neoliberalism
Absolute advantage
Competitive advantage
Actual advantage
Comparative advantage
The Washington Consensus was in response to...
WWI
Rwandan Genocide
The creation of the WB and IMF
Latin American Debt Crisis
Two institutions created at the Bretton-Woods Conference (1944)
World Trade Organization (WTO)
United Nations (UN)
World Bank (WB)
International Monetary Fund (IMF)
The (a) was originally created to oversee exchange rates; after the abandonment of the exchange rate system, its focus shifted to overall macroeconomic policies of member countries
The _____ ____ focuses on development projects through loans
(a)
Two major Rounds in the creation of the World Trade Organization (WTO)
Uruguay Round
Geneva Round
Tokyo Round
Doha Round
____ ______ refers to the redistribution of land or property rights for the benefit of those who do not own the land (tenants, laborers)
(a)
