#1
Which of the following is NOT a characteristic of developed economies?
High GDP per capita
Low poverty rates
High literacy rates
High infant mortality rates
#2
Which organization publishes the annual World Development Report?
United Nations Development Programme (UNDP)
World Bank
International Monetary Fund (IMF)
World Trade Organization (WTO)
#3
Which region is known for its rapid economic growth often referred to as the 'Asian Tiger' phenomenon?
Latin America
Sub-Saharan Africa
South Asia
East Asia
#4
Which economic indicator is commonly used to measure income inequality within a country?
Gini coefficient
Human Development Index (HDI)
Gross Domestic Product (GDP)
Consumer Price Index (CPI)
#5
Which term refers to the process of integrating national economies into the global economy through trade, investment, and technology?
Industrialization
Globalization
Isolationism
Protectionism
#6
According to the dependency theory, what is the primary cause of economic disparities between nations?
Technological advancements
Colonialism and exploitation
Free trade agreements
Domestic economic policies
#7
Which development theory emphasizes the role of international trade in promoting economic growth?
Modernization theory
Dependency theory
World-systems theory
Neoliberalism
#8
Which of the following is a key feature of the Rostow's Modernization Theory?
Emphasis on state-led industrialization
Stages of economic growth
Focus on dependency and exploitation
Advocacy for market socialism
#9
What is the primary focus of Amartya Sen's Capability Approach to development?
Maximizing GDP growth
Enhancing individuals' freedoms and capabilities
Promoting technological innovation
Minimizing income inequality
#10
Which of the following is a key principle of the 'Structural Adjustment Programs' (SAPs) imposed by the IMF and World Bank?
Increased government spending
Protectionist trade policies
Privatization of state-owned enterprises
Expansion of social welfare programs
#11
The 'Washington Consensus' refers to a set of economic policies advocated by which international organizations?
World Bank and International Monetary Fund (IMF)
United Nations (UN)
World Trade Organization (WTO)
Organization for Economic Co-operation and Development (OECD)
#12
Which of the following factors is NOT typically considered in measuring a country's Human Development Index (HDI)?
Life expectancy at birth
GDP per capita
Education attainment
Gini coefficient
#13
According to the concept of 'brain drain,' what does it refer to in the context of global economic disparities?
Movement of capital from developing to developed countries
Migration of highly skilled individuals from developing to developed countries
Exploitative labor practices in multinational corporations
Displacement of indigenous populations due to industrialization
#14
Who proposed the 'Theory of Unequal Exchange' to explain the perpetuation of global economic disparities?
Amartya Sen
Karl Marx
Raúl Prebisch
Adam Smith
#15
Which economic theory emphasizes the importance of historical context and cultural factors in shaping a nation's development path?
World-systems theory
Dependency theory
Modernization theory
Cultural theory