Nam e. Sun nam e: Stud ent I D mum ber: Depa rime nt: Signa ture: ................................................................................ 1. deals with an advanced capitalist world of perfect markets consumer sovereignty, automatic price adjustments; decisions made on the basis of marginal, private profit, and utility calculations and equilibrium outcomes in all product and resources markets. a. Development economics b. Traditional neoclassical economics b. Development d. Traditional economics 2. Which of the following is not one of the five sources of disparity between real incomes and actua advantages that were identified by Amartya Sen? a. Personal heterogeneities C. Environmental diversities b. Variation in social climate d. Ability to meet basic needs 3. Which of the following are Sustainable Development Goals (SDGs)? A. Eradicating extreme poverty and hunger B. Affordable and Clean Energy C. Sustainable Cities and Communities D. Gender Equality E. Combat HIV/AIDS , Malaria, and other diseases a. A-B-E b. B-C-D C. B-C-E d. A-C-D 4.Which of the following is the meaning of newly industrializing countries (NICs)? a. Low income, low human capital, and high economic vulnerability b. Relatively advanced level of economic development with a substantial and dynamic industrial sector. C. Low levels of living and other development deficits d. Advanced capitalist countries 5. Which of the following is the definition of Purchasing Power Parity (PPP)? a.Calculation of GNI using a common set of international prices for all goods and services, to provide more accurate comparisons of living standards. b. A condition in which more than one equilibrium exists C. A situation in which one party to a potential transaction (often a buyer, seller , lender, or borrower)ha more information than another party. d.Savings are expressed as a proportion of disposable income over some period of time. 6.The most widely used measure of the comparative status of socioeconomic development by the Unit Nations Development Program (UNDP) is __ an index measuring national socioecono development based on combining measures of education, health , and adjusted real income per capita. a.Human Development Index (HDI) b. Multidimensional Poverty Index (MPI) C. Purchasing Power Parity (PPP) d. Gross Domestic Product (GDP)

Question

Nam e. Sun nam e: Stud ent I D mum ber: Depa rime nt: Signa ture: ................................................................................ 1. deals with an advanced capitalist world of perfect markets consumer sovereignty, automatic price adjustments; decisions made on the basis of marginal, private profit, and utility calculations and equilibrium outcomes in all product and resources markets. a. Development economics b. Traditional neoclassical economics b. Development d. Traditional economics 2. Which of the following is not one of the five sources of disparity between real incomes and actua advantages that were identified by Amartya Sen? a. Personal heterogeneities C. Environmental diversities b. Variation in social climate d. Ability to meet basic needs 3. Which of the following are Sustainable Development Goals (SDGs)? A. Eradicating extreme poverty and hunger B. Affordable and Clean Energy C. Sustainable Cities and Communities D. Gender Equality E. Combat HIV/AIDS , Malaria, and other diseases a. A-B-E b. B-C-D C. B-C-E d. A-C-D 4.Which of the following is the meaning of newly industrializing countries (NICs)? a. Low income, low human capital, and high economic vulnerability b. Relatively advanced level of economic development with a substantial and dynamic industrial sector. C. Low levels of living and other development deficits d. Advanced capitalist countries 5. Which of the following is the definition of Purchasing Power Parity (PPP)? a.Calculation of GNI using a common set of international prices for all goods and services, to provide more accurate comparisons of living standards. b. A condition in which more than one equilibrium exists C. A situation in which one party to a potential transaction (often a buyer, seller , lender, or borrower)ha more information than another party. d.Savings are expressed as a proportion of disposable income over some period of time. 6.The most widely used measure of the comparative status of socioeconomic development by the Unit Nations Development Program (UNDP) is __ an index measuring national socioecono development based on combining measures of education, health , and adjusted real income per capita. a.Human Development Index (HDI) b. Multidimensional Poverty Index (MPI) C. Purchasing Power Parity (PPP) d. Gross Domestic Product (GDP)

Answer 1

1. **b. Traditional neoclassical economics**Explanation: Traditional neoclassical economics deals with an advanced capitalist world of perfect markets, consumer sovereignty, automatic price adjustments, decisions made on the basis of marginal, private profit, and utility calculations, and equilibrium outcomes in all product and resource markets.2. **c. Environmental diversities**Explanation: Environmental diversities is not one of the five sources of disparity between real incomes and actual advantages identified by Amartya Sen. The sources he identified include personal heterogeneities, variation in social climate, and the ability to meet basic needs.3. **a. A-B-E**Explanation: The Sustainable Development Goals (SDGs) include eradicating extreme poverty and hunger, affordable and clean energy, and combatting HIV/AIDS, malaria, and other diseases. Therefore, the correct answer is A-B-E.4. **b. Relatively advanced level of economic development with a substantial and dynamic industrial sector.**Explanation: Newly industrializing countries (NICs) are characterized by a relatively advanced level of economic development with a substantial and dynamic industrial sector.5. **a. Calculation of GNI using a common set of international prices for all goods and services, to provide more accurate comparisons of living standards.**Explanation: Purchasing Power Parity (PPP) is defined as the calculation of GNI using a common set of international prices for all goods and services to provide more accurate comparisons of living standards.6. **a. Human Development Index (HDI)**Explanation: The most widely used measure of the comparative status of socioeconomic development by the United Nations Development Program (UNDP) is the Human Development Index (HDI), which measures national socioeconomic development based on combining measures of education, health, and adjusted real income per capita.

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