Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ECONOMIC DEVELOPMENT > PRELIM EXAMINATION > Flashcards

PRELIM EXAMINATION Flashcards

1
Q

The most common way to define developing world is by?

A

Per capita income or the amount of money earned per person in a nation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Is the process whereby low-income national economies are transformed into modern industrial economies.

A

Economic development

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Countries with high level of economic growth and security.

A

Developed economies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Countries in the process of changing to a free market or economic system where price are unristricted with minimal government intervention.

A

Economies in transition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Countries with underdeveloped industrial base and low human development index (HDI)

A

Developing economies

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

It is a composition of statistical data, including life expectancy, education, income indicators, which is used to rank countries.

A

Human Development Index (HDI)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Total domestic and foreign output claimed by residents.

A

Grodd national income (GNI)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Total final output of goods and services produced by the country’s economy within the country’s territory by residents and non-residents.

A

Gross domestic product (GDP)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

The number of live births and death rate occuring among the population of a nation during a given year

A

Birth and death rates

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

The death rate of infants before reach one year of age per 1000 live births in a given year

A

Infant mortality rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Quality of health care, level of sanitation, and provision of elderly care

A

Life expectancy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Percentage of people capable of reading is an indicator of educational state in a given nation

A

Literacy rate

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Measured by life expectancy at birth.

A

Long and healthy life

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Number of years a newborn could expect to live if prevailing paterns of age-specific mortality rates at the time of birth stay the same throughout the infant’s life.

A

Life expectancy at birth

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Measured by combination of average schooling attained by adults and expected years of schooling for school-age children

A

Knowledge

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Number of years of schooling that a child school entrance age can expect to receive if prevailing pattern of age-specific enrollmetn rates persist throughout the childs life

A

Ecpected years of schooling

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

Avetagnumbber of years of education received by people ages 25 and older

A

Mean of years schooling

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Measured by real per capita gross domestic product adjusted for the differing purchasing power parity

A

Decent standard of living

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Number of units of a foreign country’s currency required to purchase the identical quantity of goods and services in the local developing country market.

A

Purchasing power parity

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Aggregate income of an economy generated by its production and its ownerahip of factors of production

A

Gross national income (GNI) Per capita

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

Formula of health and education dimensions of HDI

A

Dimension index = actual index- minimum value / maximum value- minimum value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Formula if standard of living/income dimension of HDI

A

Dimension index= In (actual value) – In(Minimum Value) / In(maximum value) - In(minimum value)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

What are the 3 development categories?

A

Developed, economies in transition, developing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

Basic indicators of development

A

Real income, health and education

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

Give example of countries under developed countries

A

Canada, france, germany, greece, ireland, italy, japan, Lithuania, Switzerland, united kingdom, United states

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
26
Q

Example of countries in economies in transition

A

Albania, armenia, belarus georgia, serbia, and Ukraine

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
27
Q

Example of countries in developing economies

A

Colombia, ghana, haiti, Indonesia, lebanon, Malaysia, nepal, south Africa, Thailand, and Philippines

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
28
Q

Accoring to him, transition from underdevelopment to development can be described in terms of a series of steps or atages through which the all countries must proceed.

A

Walt W. Rostow (Rostow’s stage of growth)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
29
Q

In stage of growth, this stage is Dominated by agriculture and barter exchange

A

Traditional society

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
30
Q

This stage is manifested by the development of education and understanding of science, application of science to technology and transport

A

Pre-take off stage

31
Q

This stage demonstrated by organized systems of production, positive growth rates in economic sectors, and modernixatoon fo traditional methods and norms.

A

Take-off

32
Q

This stage is an ongoing movement towards diverse economy

A

Drive to maturity

33
Q

This stage is manifested by citizen enjoying high and rising conaumption per capita/individual

A

Stage of mass consumption

34
Q

This growth theory emphasize the importance of saving and investment

A

Harrod-domar groth model

35
Q

Units of capital required to produce a unit of output òver a given period of time

A

Capital-output ratio

36
Q

Savings expressed as a portion of disposable income over sone period of time.

A

Net savings ratio

37
Q

Two ratios affect the rate fo growth

A

Higher the savings ratio, the more an economy will grow ; the higher the capital-output ratio, the higher the rate growth

38
Q

Inderdevelopment is due to underutilization of resources arising fron structural or institutional factors that have their origins in both domestics and international dualism.

A

Structural-change theory

39
Q

Formulated by laureate W. Arthur lewis, also know as the 2-sector model and surplus labor model.

A

Lewis model

40
Q

Formulated by Nobek Laureate W. Arthur lewis, also known as 2-sector model and surplus labor model

A

Lewis model

41
Q

Marginal productivity of Agricultural labor is virtually zero

A

Rural agricultural sector

42
Q

Exyra output gained by adding one unit of labor when all othe inputs are held constant

A

Marginal Productivity

43
Q

Industrial firms make profit that can be reinvested into even mor industrialization, and capitak starts to accumulate. Also could promote hig-paying jobs, create more multiplier product that is being produced.

A

Urban industrial sector

44
Q

Investment to subsequent stages of production or product development

A

Forward linkage

45
Q

Investment to facilitaties and machinery and equipment taht will complement the stages if production ot product development

A

Backward linkage

46
Q

This theory suggest that economic progress would lead to the emergence of a large service sector.

A

Fisher-clark model

47
Q

Generally a high income elasticity of demand for services, especially leisure, tpurism, and financial services.

A

High income elasticity of demand

48
Q

Productivity in service sector is lower than in the manufacturing sector becasue it is harder to apply new technology to many services

A

Low productivity of labor

49
Q

This model state that Underdevelopment exist in developing countries because of the continuing exploitative economic, political and cultural politicies of former colonial rules toward less developed countries

A

Neocolonial dependence model

50
Q

This model state that Developing countries have failed to develop because their development strategies have been based in an incorrect model of development

A

The false-paradigm model

51
Q

Based on dualism, dualism is the coexistence of 2 situations or phenomena

A

Dualistic-development thesis

52
Q

Prices of comodities or services freely rise or fall when the buyer’s demand for the rises or falks or the seller’s supoly of them decrease or increase

A

Free markets

53
Q

Also knows as New politicak economy approach. Selft-interet guide individual behavior and that government to be inefficient and corrupt.

A

Public choice theory

54
Q

There are many imperfection in the products and market of developing country, government have a key role to play in facilitating the operations of market through “non selective” interventions

A

Market-friendly approach

55
Q

This model of economic growthg analyzes changes in the level of output in an econony over time as a result of changes in the population growth rate, saving rate, rate of technological progress

A

Soloe growth model

56
Q

What is important to a particular individual or group. Poverty cannot be properly measure by income or even by utility as conventionally understood.

A

Amartya sen’s capability approach

57
Q

Father of economics. State should notnimoise any restrictions on freedom of an individual.

A

Adam Smith’s theory

58
Q

Assign role to the entrepreneur and innovationin the process of exonomic development

A

Joseph schumpeter’s theory

59
Q

Authentic development is more than economic progress, its about development of people as human being.

A

Principles of the social doctrine of the church

60
Q

Concerned primarily witht he efficient and lest cost allocation of scarce productive resources, empahsize utility, profit maximization, market efficiency and determination of equilibrium

A

Traditional economics

61
Q

Goess beyond traditional economics and includes social and institutional process

A

Political economy

62
Q

Deals with thw econokics, social, political and institutional mechanism, both public and private.

A

Development economics

63
Q

The total gross national income of a country divided by uts total population

A

Growth rate of income per capita

64
Q

Is the monetary growth of GNI per capita minus the rate of inflation

A

Growth level of “real” per capita gross national income (GNI)

65
Q

Development in the past has been typically seen in terms of…

A

Planned alteration of production and employment structures

66
Q

Principle, standard, or qualities

A

Social values

67
Q

State mind of feelings

A

Popular attitudes

68
Q

Norms, rule of conduct, and generally accepted ways of doing good

A

National institutions

69
Q

Increase in the production of economics goods and services

A

Reduction of inequality

70
Q

Economic and humanitarian actions

A

Eradication of poverty

71
Q

Core values of development: this inckudes Basic goods and services

A

Sustenance: the ability to meet basic need

72
Q

Core valuea of development which includes the feeling of worthiness that a society enjoys.

A

Self-esteem: to be a person

73
Q

Core values of development involves society gas a varity of alternatives from which to satisfy it wants and individuals enjoy real choices.

A

Freedom from servitude: to be able to choose.

74
Q

MDGs corresponding target

A

Eradicate the poverty and hunger
Achieve universal primary education
Promote gender equality and empower women
Reduce child morality
Improve maternal health
Combat HIV/AIDS, malaria, and other diseases
Ensure environmental sustainability
Develop a global partnership for development

ECONOMIC DEVELOPMENT (1 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions