Soc 300 Week 5 Midterm Exam Part 290%

• Question 1 5 out of 5 points According to World Bank standards, a country can be considered "developing" if which of the following is true? Answer Selected Answer: The country has a low- or middle-income economy. Correct Answer: The country has a low- or middle-income economy. • Question 2 5 out of 5 points Given Sachs’s descriptions of poverty, which of the following most likely describes a family living in extreme poverty? Choose the BEST answer. Answer Selected Answer: The family lives in a leaky shack and is unable to afford water treatment pills. Correct Answer: The family lives in a leaky shack and is unable to afford water treatment pills. • Question 3 5 out of 5 points Why is Anthony’s job so desirable? Answer Selected Answer: It provides a regular paycheck. Correct Answer: It provides a regular paycheck. • Question 4 5 out of 5 points What is meant by the criticism that development is an attempt to “force the poor countries of the world...into a 'single cultural model'"? Choose the BEST answer. Answer Selected Answer: Development is just the application of the developed world's values to the rest of the world. Correct Answer: Development is just the application of the developed world's values to the rest of the world. • Question 5 5 out of 5 points Which of the following BEST explains what is meant by the statement “development is often much bigger than just material progress”? Answer Selected Answer: Development is more than economic growth and the adoption of modern technology; it is a system change that may have profound effects on a society. Correct Answer: Development is more than economic growth and the adoption of modern technology; it is a system change that may have profound effects on a society. • Question 6 5 out of 5 points According to the economist William Easterly, which of the following is a result of current lending practices to poor countries? Answer Selected Answer: They are likely to become addicted to credit. Correct Answer: They are likely to become addicted to credit. • Question 7 In which of the following ways does the World Bank facilitate development? 5 out of 5 points Answer Selected Answer: by financing large-scale infrastructure projects Correct Answer: by financing large-scale infrastructure projects • Question 8 Which of the following was a consequence of poor countries’ “monetization” of their deficits? Answer Selected Answer: the divide between government revenue and expenditures narrowed Correct Answer: citizens’ purchasing power decreased • Question 9 0 out of 5 points 5 out of 5 points What was the purpose of the speech given by US Secretary of the Treasury James A. Baker in 1985? Answer Selected Answer: to convince the developing world to adopt various economic policies in use in developed nations Correct Answer: to convince the developing world to adopt various economic policies in use in developed nations • Question 10 Why does the IMF describe itself as a sort of “credit union”? Answer Selected Answer: Its members both contribute money and borrow money. Correct Answer: Its members both contribute money and borrow money. • Question 11 5 out of 5 points 5 out of 5 points How does modern civil war differ from war in the early 20th century? Answer Selected Answer: In modern civil wars around 90 percent of casualties are usually civilians, but in early 20th-century wars less than ten percent were civilians. Correct Answer: In modern civil wars around 90 percent of casualties are usually civilians, but in early 20th-century wars less than ten percent were civilians. • Question 12 5 out of 5 points Which of the following BEST explains why conflict is sometimes characterized as a trap? Answer Selected Answer: Poverty causes war, which causes poverty, in a negative, self-reinforcing cycle. Correct Answer: Poverty causes war, which causes poverty, in a negative, self-reinforcing cycle. • Question 13 5 out of 5 points Which of the following statements about the relationship between countries’ incomes and their prospects for sustained peace is TRUE? Answer Selected Answer: Low-income countries are more likely to relapse into civil war than countries with high incomes. Correct Answer: Low-income countries are more likely to relapse into civil war than countries with high incomes. • Question 14 5 out of 5 points According to the report, why do civil war combatants often not care about the costs of civil war? Answer Selected Answer: Civil war affects them less severely than it affects civilians. Correct Answer: Civil war affects them less severely than it affects civilians. • Question 15 How do countries "lose twice over" from civil war? Answer Selected 5 out of 5 points Answer: Resources are diverted away from productive activities and redirected to harmful ones. Correct Answer: Resources are diverted away from productive activities and redirected to harmful ones. • Question 16 5 out of 5 points Which of the following was an outcome of the currency reform in North Korea? Answer Selected Answer: Th