Millennium Development Goals and Poverty in the Philippines

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What is the poverty line in the Philippines according to the text?

275 pesos a year
100,534 pesos a year (correct)
1,000 pesos a year
100,000 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 (correct)
Access to luxury goods
Access to high-speed internet
Daily shopping allowance

What is the goal of the United Nations regarding extreme poverty by 2030?

To reduce poverty by 50%
To focus only on reducing child mortality
To eliminate extreme poverty for all people (correct)
To create awareness about poverty

What is protectionism in the context of international trade?

Imposing high tariffs on imports (A) Signup and view all the answers

What does a tariff represent in international trade?

A tax levied by a government on imports and exports (C) Signup and view all the answers

What is the main purpose of protectionism in international trade?

To protect one's economy from foreign competition by creating trade barriers (D) Signup and view all the answers

What is the concept of 'fair trade' primarily concerned with?

Ensuring fair prices and conditions for marginalized producers (B) Signup and view all the answers

How does mobile technology benefit farmers?

By providing information and helping them get the best prices for their crops (D) Signup and view all the answers

What is the main advantage of installing cellphone towers over traditional telephone lines?

Lower overall cost (A) Signup and view all the answers

What does 'leapfrogging' refer to in the context of technological advancement?

Skipping less efficient technologies to adopt more advanced ones (D) Signup and view all the answers

How does international trade impact developing nations?

It allows them to gain more in the global economy at the expense of other countries (A) Signup and view all the answers

Which products are commonly exchanged under the concept of fair trade?

Coffee, bananas, cotton, wine, tea, and chocolate (C) Signup and view all the answers

What issues related to economic development does the Bank now deal with?

All of the above (D) Signup and view all the answers

Which governance matters does the Bank address through its loans?

Public-sector management and corruption (B) Signup and view all the answers

What does the World Trade Organization (WTO) primarily focus on?

Reduction of non-tariff barriers (A) Signup and view all the answers

Which organization aimed at liberalizing trade through the reduction of tariff barriers?

International Trade Organization (ITO) (C) Signup and view all the answers

In addition to reconstruction after a conflict, what is another concern of the World Bank's expanding activities?

Child labor (D) Signup and view all the answers

What aspect is NOT one of the governance matters addressed by the Bank?

Trade liberalization agreements (B) Signup and view all the answers