Analysis of Emerging Economies
Textbook Exam Questions
Course Introduction
This course examines the dynamics and distinctive characteristics of emerging economies within the global economic landscape. It explores the key drivers of economic growth and development in these nations, focusing on themes such as industrialization, urbanization, financial markets, foreign direct investment, institutional challenges, and policy reforms. Students will analyze the impact of globalization, technology transfer, and trade on economic performance, while evaluating case studies from regions such as Asia, Latin America, and Africa. The course also considers macroeconomic stability, governance, socio-economic disparities, and the strategies employed by emerging economies to navigate global challenges and achieve sustainable development.
Recommended Textbook
Economic Development 10th Edition by
Michael P. Todaro
Available Study Resources on Quizplus 16 Chapters
500 Verified Questions
500 Flashcards
Source URL: https://quizplus.com/study-set/3713
Page 2
Chapter 1: Economics, Institutions, and Development: a Global Perspective
Available Study Resources on Quizplus for this Chatper
22 Verified Questions
22 Flashcards
Source URL: https://quizplus.com/quiz/73967
Sample Questions
Q1) The core values of development include
A)increasing income per person.
B)reducing the inequality of income.
C)the ability to meet basic needs.
D) all of the above.
Answer: C
Q2) The Millennium Development Goals include
A)eliminating the proportion of people living on less than $1 per day.
B)universal primary education.
C)increasing exports by one half.
D) all of the above.
Answer: B
Q3) What are the most important characteristics that have shaped Brazil's economic and social progress during the last three decades?
Answer: Discussion should include the large degree of income inequality, the need for land reform as a result of the dualistic nature of the land tenure system and the environmental challenge faced by what is one of the world's most environmentally diverse countries.
To view all questions and flashcards with answers, click on the resource link above. Page 3
Chapter 2: Comparative Economic Development
Available Study Resources on Quizplus for this Chatper
39 Verified Questions
39 Flashcards
Source URL: https://quizplus.com/quiz/73968
Sample Questions
Q1) Most successful examples of modern economic growth have occurred in a country with
A)a temperate-zone climate.
B)a market economy.
C)exports of manufactured goods.
D) all of the above.
Answer: D
Q2) What are the three main indicators that make up the Human Development Index?
Answer: Life expectancy, educational attainment, GDP per capita measured in PPP terms.
Q3) The dependency burden is
A)a measure of the degree to which the less developed countries are dependent on the rich industrial countries.
B)the average number of children that a woman gives birth to during her lifetime.
C)the number of babies born per 1000 persons.
D) the percent of the population that is below 15 and above 65 years of age.
Answer: D
Q4) What are the three major components of economic growth?
Answer: Capital accumulation, labor force growth, and technological progress.
To view all questions and flashcards with answers, click on the resource link above.
4
Chapter 3: Classic Theories of Economic Growth and Development
Available Study Resources on Quizplus for this Chatper
31 Verified Questions
31 Flashcards
Source URL: https://quizplus.com/quiz/73969
Sample Questions
Q1) The neoclassical counter-revolution school supports
A)Trade restrictions.
B)State-owned enterprises.
C)Eliminating government regulations.
D) Limitations on foreign investors.
Answer: C
Q2) Describe one important criticism of Rostow's stages of economic growth theory.
Answer: The stages are only necessary and not sufficient conditions, savings is too aggregate a measure, the theory does not take into account the constraints of the international economic order, and there are counter examples such as Argentina.
Q3) Why is the debate between the international dependence and the neoclassical counter-revolution schools referred to as "finger pointing?"
Answer: The text stresses that most members of the former school tend to be developing country economists, while most members of the latter school are developed-country economists. The former blames underdevelopment on policies adopted by the developed countries, while the latter blames policies adopted by the developing countries.
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Contemporary Models of Development and Underdevelopment
Available Study Resources on Quizplus for this Chatper
21 Verified Questions
21 Flashcards
Source URL: https://quizplus.com/quiz/73970
Sample Questions
Q1) In endogenous growth models, it is assumed that
A)there are external economies from public or private investments.
B)there are diminishing marginal returns to capital.
C)growth is explained by forces outside the model.
D) the capital labor ratio is constant.
Q2) Explain how the government can help the economy avoid a coordination failure.
Q3) Explain the basic idea behind the Big Push model?
Q4) Based on the HRV growth diagnostic framework and the case study in Box 4.2, what are the binding constraints faced by Brazil, El Salvador, and the Dominican Republic and how can these constraints be overcome?
Q5) What three factors distinguish models of endogenous growth from their neoclassical counterparts?
Q6) What is meant by the term technological spillover?
Q7) The Big-Push theory argues that coordination failures may arise because of A)pecuniary externalities.
B)technological externalities.
C)lack of human capital.
D) All of the above.
Q8) Is a coordination failure a type of market failure? Explain. Page 6
Q9) Explain how the S-curve reflects the typical nature of complementarities?
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 5: Poverty, Inequality, and Development
Available Study Resources on Quizplus for this Chatper
44 Verified Questions
44 Flashcards
Source URL: https://quizplus.com/quiz/73971
Sample Questions
Q1) Which of the following policies might increase labor intensity in industry?
A)a decline in the cost of credit
B)a decline in the minimum wage rate
C)a decline in the elasticity of substitution
D) All of the above
Q2) Brazil's growth rate during the 1960s was 6.0 percent when poverty weights were used to evaluate growth, compared with 8.2 percent when GNP weights were used to evaluate growth. One can conclude from these numbers that
A)average income growth was greater for poor households than for rich households.
B)average income growth was greater for rich households than for poor households.
C)more and more households were falling below the poverty line.
D) the size distribution of income was getting worse.
Q3) About how many girls and women are said to be "missing" in LDCs?
A)2 million
B)20 million
C)200 million
D) 2 billion
Q4) Just what is it that makes a technology "appropriate" for a developing country?
To view all questions and flashcards with answers, click on the resource link above.
Page 8
Chapter 6: Population Growth and Economic Development:
Causes, Consequences, and Controversies
Available Study Resources on Quizplus for this Chatper
32 Verified Questions
32 Flashcards
Source URL: https://quizplus.com/quiz/73972
Sample Questions
Q1) Why might improvements in children's public health care services lower fertility?
Q2) Which of the following will cause the largest reduction in the birthrate?
A)the population becomes less religious
B)public healthcare improves
C)education becomes more available
D) an increase in the opportunity cost of a woman's time
Q3) The Malthusian population trap model has been criticized on the grounds that it
A)ignores the role of technological progress.
B)assumes that population growth is primarily determined by individual choice over?the number of children to have.
C)Both (a) and (b) are correct.
D) Neither (a) nor (b) is correct.
Q4) Explain what is meant by "investment in children," describing the goals and methods of the parents.
Q5) Has population growth been a burden for China? Please answer true or false and explain.
Q6) Explain carefully the opportunity costs of a mother's time, what may lead these to change over time, and what effects these changes have on family decisions.
Page 9
To view all questions and flashcards with answers, click on the resource link above.
Chapter 7: Urbanization and Ruralurban Migration: Theory and Policy
Available Study Resources on Quizplus for this Chatper
23 Verified Questions
23 Flashcards
Source URL: https://quizplus.com/quiz/73973
Sample Questions
Q1) The informal sector exhibits
A)free entry.
B)labor intensive methods.
C)small, competitive firms.
D) all of the above.
Q2) Suppose that, for example, in India, a minimum wage is instituted in the modern sector above the market-clearing wage, while the rural traditional wage is market determined at a lower level than in the modern sector.
a.Describe the impact of this policy on the rural labor force, urban unemployment, and the rural wage.
b.Will the modern-sector wage be equal to the traditional-sector wage after markets equilibrate through migration? Explain.
c.What effect might moving costs have on the equilibrium you described in Part (b)?
d. What effect might the introduction of factories to rural areas have on the equilibrium you described in Part (b)?
Q3) Explain some important policy measures that you would expect to reduce excessive rural-urban migration. Explain.
To view all questions and flashcards with answers, click on the resource link above.
Page 10
Chapter 8: Human Capital: Education and Health in Economic Development
Available Study Resources on Quizplus for this Chatper
34 Verified Questions
34 Flashcards
Source URL: https://quizplus.com/quiz/73974
Sample Questions
Q1) Explain some of the reasons why developing countries have not realized a greater positive development impact from their higher education programs.
Q2) What is human capital and why is it crucial to expand human capital as part of the development process?
Q3) Child labor is a widespread problem that applies primarily to children
A)between the ages of 5 and 14.
B)between the ages of 10 and 14.
C)between the ages of 12 and 14.
D) between the ages of 12 and 16.
Q4) An individual's demand for education is most affected by
A)direct and indirect costs of schooling.
B)development priorities of the country.
C)the desire to escape agricultural work.
D) all of the above.
Q5) In developing countries higher educational facilities have tended to expand to the point where social benefits exceed private benefits. What is the economic explanation for this?
To view all questions and flashcards with answers, click on the resource link above. Page 11
Q6) Why do you think Uganda has been so successful at decreasing the prevalence of HIV/AIDS?
Chapter 9: Agricultural Transformation and Rural Development
Available Study Resources on Quizplus for this Chatper
30 Verified Questions
30 Flashcards
Source URL: https://quizplus.com/quiz/73975
Sample Questions
Q1) Explain the concept, goals, and methods of integrated rural development.
Q2) In a world of perfect certainty, sharecropping would be less efficient than a farm owner working his own farm because
A)sharecroppers receive only half of their marginal product.
B)paying a worker a wage gives him or her an incentive to shirk.
C)sharecroppers are exploited by landlords.
D) renting farmland concentrates risk on the renters.
E) All of the above.
Q3) Is sharecropping economically efficient or inefficient? Explain.
Q4) The system of land tenure in which tenant farmers pay a fixed share of their crop to landowners ?is called
A)communal farming.
B)collective farming.
C)latifundio-minifundio system.
D) sharecropping.
Q5) What is the Alliance for a Green Revolution in Africa and who are its primary supporters?
To view all questions and flashcards with answers, click on the resource link above. Page 12
Q6) What are the key characteristics of the agrarian system in Asia that distinguish it from that of Latin America? Explain your answer.
Chapter 10: The Environment and Development
Available Study Resources on Quizplus for this Chatper
25 Verified Questions
25 Flashcards
Source URL: https://quizplus.com/quiz/73976
Sample Questions
Q1) What are the main environmental challenges facing the Philippines? What are the key ingredients of PA 21, the government plan to deal with these?
Q2) Explain what developed countries can do to respond constructively to the environmental damage being done in developing countries.
Q3) The portion of a country's overall assets that is directly related to the environment, such as forests and soil quality, is known as
A)environmental capital.
B)debt-for-nature swaps.
C)protected areas.
D) common property assets.
Q4) International resources shared by all countries, such as oceans and air, are known as
A)global commons.
B)free rider problems.
C)nonrenewable resources.
D) cooperative resources.
Q5) Describe the costs of water pollution.
Q6) Describe the costs of deforestation.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 11: Development Policymaking and the Roles of
Market, State, and Civil Society
Available Study Resources on Quizplus for this Chatper
28 Verified Questions
28 Flashcards
Source URL: https://quizplus.com/quiz/73977
Sample Questions
Q1) In Ecuador, as a share of a firm's revenue, the cost of bribes is highest for A)micro enterprises.
B)small enterprises.
C)medium enterprises.
D) large enterprises.
Q2) If the population growth rate is 2%, the incremental capital output ratio is 3, the saving ratio is 24% and the depreciation rate is 5%, the rate of growth of income per person is A)1%.
B)2%.
C)3%.
D) 5%.
E) 8%.
Q3) What economic benefits might a developing country gain by reducing corruption? Discuss only economic benefits and provide examples from specific developing countries.
Q4) In what ways may social evaluations of costs and benefits differ from those implied by market prices? Explain carefully.
Page 14
Q5) Explain what is meant by market failure.
Q6) Why must projects be appraised? What do we learn from project appraisals?
To view all questions and flashcards with answers, click on the resource link above.
Page 15
Chapter 12: International Trade Theory and Development Strategy
Available Study Resources on Quizplus for this Chatper
57 Verified Questions
57 Flashcards
Source URL: https://quizplus.com/quiz/73978
Sample Questions
Q1) What are the drawbacks of overvaluing the exchange rate as an import substitution policy?
Q2) Explain the difference between nominal and effective tariffs.
Q3) The dependence on the export of one or two primary products for a majority of the revenue from exports is most severe in countries in
A)South Asia.
B)East Asia.
C)Sub-Saharan Africa.
D) Latin America.
Q4) Why is it impossible that all industries in a developing country qualify as infant industries?
A)You cannot have a comparative advantage in everything.
B)You cannot have an absolute advantage in everything.
C)This would violate international law.
D) This would reduce the terms of trade.
Q5) The purpose of commodity buffer stocks is
A)to moderate price fluctuations.
B)to raise commodity prices.
C)to encourage commodity substitution.
D) to guarantee national security.
To view all questions and flashcards with answers, click on the resource link above. Page 16
Chapter 13: Balance of Payments, Developing-Country
Debt, and the Macroeconomic Stabilization Controversy
Available Study Resources on Quizplus for this Chatper
33 Verified Questions
33 Flashcards
Source URL: https://quizplus.com/quiz/73979
Sample Questions
Q1) Explain how a devaluation is supposed to reduce the external debt of a developing country. Give two reasons why a devaluation may be less effective than expected.
Q2) The debt service ratio is defined as
A)the ratio of total debt to export earnings.
B)the ratio of total debt to GDP.
C)the ratio of payments on foreign debt to export earnings.
D) the ratio of payments on foreign debt to GDP.
Q3) If the current account is a deficit of 25 then
A)the capital account is a surplus of 25.
B)the cash account is a surplus of 25.
C)the capital account is a surplus of 25 if the cash account is zero.
D) the cash account is a deficit of 25.
Q4) The debt service ratio is the ratio of
A)external debt to the size of the service sector.
B)external debt to total GNP.
C)internal debt to the size of the service sector.
D) internal debt to total GNP.
E) none of the above.
Q5) What is meant by the term odious debt?
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 14: Foreign Finance, Investment, and Aid: Controversies and Opportunities
Available Study Resources on Quizplus for this Chatper
34 Verified Questions
34 Flashcards
Source URL: https://quizplus.com/quiz/73980
Sample Questions
Q1) In the two-gap model, which of the following gaps, when binding, leads to foreign aid having the largest impact on GNP?
A)Fiscal gap
B)Savings gap
C)Foreign exchange gap
D) None of the above
Q2) As a percentage of GNI, which of the following countries provides the greatest amount of ?foreign aid?
A)United Kingdom
B)United States
C)Italy
D) Sweden
Q3) Suppose an MNC subsidiary buys 100 input units from its parent at a price of $2 each. It has $300 in additional production costs, and sells its 100 units of output for $6 to the MNC. It pays a 25% local profit tax. The MNC sells the output at home for $8, and its cost of producing inputs is $1. It pays a profit tax of 20% at home on repatriated profits. What is the subsidiary net profit, assume no selling costs at home? What is the MNC's total profit from the operation?
Q4) Explain the motives of developed countries in providing foreign aid.
Page 18
To view all questions and flashcards with answers, click on the resource link above.
Chapter 15: Finance and Fiscal Policy for Development
Available Study Resources on Quizplus for this Chatper
28 Verified Questions
28 Flashcards
Source URL: https://quizplus.com/quiz/73981
Sample Questions
Q1) In what ways do the actual and potential roles of central banks differ between developed and developing countries?
Q2) When it comes to the composition of tax revenues from different sources,
A)developing countries derive the largest portion of their revenue from income taxes and developed countries from consumption taxes.
B)developing countries derive the largest portion of their revenue from consumption taxes and developed countries from income taxes.
C)both developing countries and developed countries derive the largest portion of their revenue from income taxes.
D) both developing countries and developed countries derive the largest portion of their revenue from consumption taxes.
Q3) Why do NGOs target women borrowers while making microloans?
Q4) What is a development bank? What are some of the reasons they have not had greater success?
Q5) What are some of the major characteristics of financial repression? To what degree may financial liberalization be expected to address the issue of inadequate saving?
Q6) Why are women considered to be more creditworthy for microloans?
To view all questions and flashcards with answers, click on the resource link above.
Page 19
Chapter 16: Some Critical Issues for the Twenty-First Century
Available Study Resources on Quizplus for this Chatper
19 Verified Questions
19 Flashcards
Source URL: https://quizplus.com/quiz/73982
Sample Questions
Q1) Which of the following was/were not among the causes of sub-Saharan Africa's decline in the 1980s?
A)Drought
B)Commodity price declines
C)Capital flight
D) Inefficient state owned enterprises
E) All of the above were among the causes.
Q2) Which of the following was/were among the causes of sub-Saharan Africa's decline in the 1980s?
A)Flooding
B)Decline of Soviet influence
C)Rapid growth in Japan
D) Inefficient state-owned enterprises
E) All of the above were among the causes
F)None of the above.
Q3) What is the relationship between land reform and rain forest preservation?
Q4) Explain how the cost of rain forest preservation can be lowered for developing countries?
To view all questions and flashcards with answers, click on the resource link above. Page 20
Q5) "The 1980s was a lost decade for the absolutely poor." Evaluate this famous statement.