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11. In general, high-income countries such as the United States have relatively strict environmental standards. In contrast, middle- and low-income countries like Brazil, Nigeria, India have lower environmental standards. True or False.

a. True

b. False

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Raushan Raj
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3 Nov 2020

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Related questions

Download the file snapshots.pdf from www. stanford.edu/~chadj/snapshots.html and answer the following. (At the moment, the latest year in the data file is 2010. Over time, this year will advance, so please use the latest year available in the Country Snapshots file whenever the year 2010 appears in questions below.)

(a) What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010: Ethiopia, Mexico, India, and Japan?

(b) Which country had the faster average annual growth rate of per capita GDP between 1960 and 2010, Botswana or China?

(c) Rank these countries in order of population: Bangladesh, Brazil, Indonesia, Nigeria, Russia, the United States.

(d) Which is larger as a share of GDP in most rich countries, investment or government purchases? What about in most poor countries?

(e) Exchange rates are reported as units of domestic currency (like the Japanese yen or the British pound) per U.S. dollar. Look at the exchange rate for several countries. Do you detect any overall pattern? Why might that be?

Country Snapshots: Download the file snapshots.pdf from www.stanford.edu/~chadj/snapshots.html and answer the following. (At the moment, the latest year in the data file is 2010. Over time, this year will advance, so please use the latest year available in the Country Snapshots file whenever the year 2010 appears in questions below.)

(a) What was the ratio of per capita income in each of the following countries to that in the united states in the year 2010: Ethiopia, Mexico, India, and Japan?

(b) Which country had the faster average annual growth rate of per capita GDP between 1960 and 2010, Botswana or China?

(c) Rank these countries in order of population: Bangladesh, Brazil, Indonesia, Nigeria, Russia, the United States.

(d) Which is larger as a share of GDP in most rich countries, investment or government purchases? What about in the poorest country?

(e) Exchange rates are reported as units of domestic currency (like the Japanese yen or British pound) per the US. dollar. Look at the exchange rate for several countries. Do you detect any overall pattern? Why might that be?

1. Countries tend to be classified as more or less developed based on

a. the literacy rate.

b. the poverty rate.

c. the level of income per capita.

d. the types of goods they produce.

2. A subsistence economy is

a. a very low income economy.

b. an economy in which people make what they consume.

c. an economy in which people receive food for pay.

d. all of the above.

3. Development economics is the study of the

a. alleviation of absolute poverty.

b. transformation of institutions.

c. allocation of resources in developing countries.

d. all of the above.

4. Which of the following is not an important objective of development?

a. increases in per capita income

b. the expansion of available choices

c. increases in individual and national self-esteem

d. all of the above are important objectives of development

5. The core values of development include

a. increasing income per person.

b. reducing the inequality of income.

c. the ability to meet basic needs.

d. all of the above.

6. An example of an upper-middle income country is

a. India.

b. Brazil.

c. Indonesia.

d. Nigeria.

7. A newly industrialized country is

a. the same as a high-income country.

b. any country that has experienced sustained growth in industry.

c. a special classification given to some upper-middle income countries that have
achieved relatively advanced manufacturing sectors.

d. any country that has moved out of lower income status.

8. Which of the following is not an upper-middle income country?

a. Brazil

b. South Africa

c. Pakistan

d. Argentina

9. One of the components of the human development index is

a. the percentage of the population who are high school graduates.

b. the average daily intake of protein.

c. life expectancy at birth.

d. the number of doctors per hundred people in the population.

10. The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by

a. GNI price deflator.

b. Human Development Index ranking.

c. purchasing power parity.

d. the exchange rate.

Part B: Quantitative Analysis (Show all your work with graphical analysis).

Problem # 1:

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