18 Questions
What is the poverty line in the Philippines according to the text?
100,534 pesos a year
Which of the following is considered a basic human need according to the UN's definition of extreme poverty?
Safe drinking water
What is the goal of the United Nations regarding extreme poverty by 2030?
To eliminate extreme poverty for all people
What is protectionism in the context of international trade?
Imposing high tariffs on imports
What does a tariff represent in international trade?
A tax levied by a government on imports and exports
What is the main purpose of protectionism in international trade?
To protect one's economy from foreign competition by creating trade barriers
What is the concept of 'fair trade' primarily concerned with?
Ensuring fair prices and conditions for marginalized producers
How does mobile technology benefit farmers?
By providing information and helping them get the best prices for their crops
What is the main advantage of installing cellphone towers over traditional telephone lines?
Lower overall cost
What does 'leapfrogging' refer to in the context of technological advancement?
Skipping less efficient technologies to adopt more advanced ones
How does international trade impact developing nations?
It allows them to gain more in the global economy at the expense of other countries
Which products are commonly exchanged under the concept of fair trade?
Coffee, bananas, cotton, wine, tea, and chocolate
What issues related to economic development does the Bank now deal with?
All of the above
Which governance matters does the Bank address through its loans?
Public-sector management and corruption
What does the World Trade Organization (WTO) primarily focus on?
Reduction of non-tariff barriers
Which organization aimed at liberalizing trade through the reduction of tariff barriers?
International Trade Organization (ITO)
In addition to reconstruction after a conflict, what is another concern of the World Bank's expanding activities?
Child labor
What aspect is NOT one of the governance matters addressed by the Bank?
Trade liberalization agreements
Explore the Millennium Development Goals set by the United Nations, and understand the concept of poverty threshold in the Philippines. Learn about the various aspects of poverty and development efforts.
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