Intro Economic Development Quiz Set 1

Development economics focuses on economic, social, political, and institutional aspects of improving the well-being of people in developing countries, with a focus on alleviating poverty, promoting sustainable growth, and improving human capabilities. It goes beyond mere economic growth and considers broader factors like health, education, income inequality, environmental sustainability, and social empowerment.

True (A)

Development economics encompasses a broader perspective than traditional economics by considering interconnectedness of different aspects of society and their influence on economic development. It integrates insights from diverse fields like political science, sociology, and environmental studies to understand the broader context of development in low-income countries.

<p>True (A)</p> Signup and view all the answers

<p>Happiness is a multifaceted concept that is closely intertwined with various elements of development. While income plays a role, happiness extends beyond material prosperity. It is influenced by factors like social relationships, personal freedoms, health, education, and social values. Happiness is a key component of well-being, indicating the overall quality of life, and is often considered as a measure of development outcome.</p> Signup and view all the answers

<p>The &quot;capabilities to function&quot; framework, introduced by Amartya Sen, emphasizes the importance of individuals having the freedom and capabilities to lead valuable lives. It shifts focus from mere income to the actual opportunities and freedoms available to people. Money plays a crucial role in providing resources, but it's not sufficient to guarantee well-being. Other factors like health, education, and social empowerment are critical for individuals to fully utilize their capabilities and achieve a life of meaning and fulfillment.</p> Signup and view all the answers

<p>the level of income per capita (D)</p> Signup and view all the answers

<p>all of the above (D)</p> Signup and view all the answers

<p>all of the above (D)</p> Signup and view all the answers

<p>all of the above (D)</p> Signup and view all the answers

<p>transformation of social institutions is necessary for development (C)</p> Signup and view all the answers

<p>all of the above (D)</p> Signup and view all the answers

<p>all of the above are important objectives of development (D)</p> Signup and view all the answers

<p>all of the above (D)</p> Signup and view all the answers

<p>all of the above (D)</p> Signup and view all the answers

<p>Women are often referred to as playing a central role in economic development because of their significant contributions to the household economy and society. They are key players in childrearing, education, and health, and often contribute to the family income through unpaid labor and small-scale businesses.</p> Signup and view all the answers

A field that studies the economic aspects of the development process in low-income countries, focusing on poverty alleviation, institutional transformation, and general well-being.

A concept by Amartya Sen that emphasizes the actual freedoms and opportunities individuals have to lead fulfilling lives, beyond just material wealth.

Happiness is correlated with income level and influenced by social relationships, freedoms, and health; relates to overall well-being.

Key goals include poverty alleviation, improving quality of life, and enhancing individuals' potential and opportunities.

A set of eight goals established in 2000 aimed at addressing global issues, with specific targets for developing countries until 2015.

A universal set of goals established in 2015 aimed at ending poverty, protecting the planet, and ensuring prosperity for all by 2030.

A crucial factor in development that enhances individual capabilities, leading to better economic outcomes.

Women play a central role in economic development through childrearing and resource allocation, impacting future generations.

An average economic measure that often indicates the wealth of a country but does not fully capture development quality.

Poverty is assessed not just by income but by access to basic needs and opportunities for well-being.

An approach focusing on empowering individuals and enhancing their capabilities rather than solely increasing economic growth.

Development measures must account for disparities within societies and strive for equitable access to resources and opportunities.

The transformation of social institutions is essential for achieving economic development and must go beyond traditional economics.

A multidimensional concept that includes not just income but health, education, freedoms, and opportunities.

Growth focuses on increases in GDP, while development encompasses broader human and social improvements.

The increase in average income but not necessarily linked to poverty reduction or broader social improvements.

The ability of a country to produce certain goods more efficiently than others, leading to potential economic benefits through trade.

High-income countries may benefit from aiding low-income countries by increasing markets and reducing global issues.

Emphasizes the necessity of meeting fundamental human needs such as food, shelter, and healthcare for development.

Political stability and freedom from discrimination are essential for individual empowerment and development progress.

Focusing on individuals' ability to make choices enhances sustainable and inclusive economic growth.

Critical for improving individual capabilities and overall development—not just about money but service quality.

Commitment to ethical use of educational materials and upholding the integrity of the learning process.

Questions that encourage critical thinking about concepts in development economics beyond rote memorization.

The benefits for high-income countries in assisting low-income countries to enhance economic growth and stability.

A concept that recognizes the many facets of poverty beyond income, including health, education, and living standards.

Growth that not only boosts income levels but also addresses and reduces inequality and enhances quality of life.

Strong institutions are vital for effective economic development by ensuring fair practices and promoting growth.

Collaborative efforts by countries to tackle development challenges, ensuring mutual growth and stability.

Focuses on what individuals can achieve with their resources, enhancing understanding of development goals.