AREC 385 EXAM 4 QUESTIONS WITH 100%
VERIFIED CORRECT ANSWERS!!
The economic rule for policymaking is:
maximize total benefits minus total costs
One set of circumstances that could be a common reason why competitive markets may not
lead to a social optimum is when there are...
Externalities (pollution)
Direct implication of a decreasing marginal utility of income (change of utility given with a
unit increase in income) is:
that a dollar is worth more to a poor person than a rich person
Externalities occur when a decision made in the market by a buyer and a seller has benefits
or costs that are born by others
True
Progressive taxes take a _____ percentage of income from the rich than they do from the
poor
Greater
__________ refers to a policy of increasing integration of countries in the world.
Globalization
The rate of growth of exports from Southeast Asian countries from 1985 to 1995 was:
Over 12%
Regressive taxation is tax that takes a greater percentage of income or wealth from the rich
than they do from the poor
False
, In the 1980s, the use of "Glory Certificates" to promote the one-child family was prevalent
in
China
India's total fertility in 1986 was
4.4
In a thirty-one country study, it was shown that the increased use of contraception reduced
fertility by
4.5
The average marriage age for women in Bangladesh is 16
True
In an attempt to reduce food prices, some countries have adopted market wide food
subsidies that are available to
All
_________ is a staple food crop in many countries in souther Africa
Maize
Food stamps have a face value that can be used in _________ to purchase food at the
market value
Any food store
Despite their expenses, explicit food subsidies can provide a solution to the most immediate
of third world nutritional needs
True
The difference between average food supply and average food requirement is called:
Average food surplus
The orldwide requirement for calories per person per day
VERIFIED CORRECT ANSWERS!!
The economic rule for policymaking is:
maximize total benefits minus total costs
One set of circumstances that could be a common reason why competitive markets may not
lead to a social optimum is when there are...
Externalities (pollution)
Direct implication of a decreasing marginal utility of income (change of utility given with a
unit increase in income) is:
that a dollar is worth more to a poor person than a rich person
Externalities occur when a decision made in the market by a buyer and a seller has benefits
or costs that are born by others
True
Progressive taxes take a _____ percentage of income from the rich than they do from the
poor
Greater
__________ refers to a policy of increasing integration of countries in the world.
Globalization
The rate of growth of exports from Southeast Asian countries from 1985 to 1995 was:
Over 12%
Regressive taxation is tax that takes a greater percentage of income or wealth from the rich
than they do from the poor
False
, In the 1980s, the use of "Glory Certificates" to promote the one-child family was prevalent
in
China
India's total fertility in 1986 was
4.4
In a thirty-one country study, it was shown that the increased use of contraception reduced
fertility by
4.5
The average marriage age for women in Bangladesh is 16
True
In an attempt to reduce food prices, some countries have adopted market wide food
subsidies that are available to
All
_________ is a staple food crop in many countries in souther Africa
Maize
Food stamps have a face value that can be used in _________ to purchase food at the
market value
Any food store
Despite their expenses, explicit food subsidies can provide a solution to the most immediate
of third world nutritional needs
True
The difference between average food supply and average food requirement is called:
Average food surplus
The orldwide requirement for calories per person per day
