AREC 365 Final Exam ACTUAL Questions and CORRECT Answers
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Course
AREC 365
Institution
AREC 365
AREC 365 Final Exam ACTUAL
Questions and CORRECT Answers
fertility ____ as income ____ - CORRECT ANSWER- decreases, increases
self targeting - CORRECT ANSWER- subsidize food that only poor people eat (inferior
foods)
Direct distribution - CORRECT ANSWER- find the poor people and give them fo...
AREC 365 Final Exam ACTUAL
Questions and CORRECT Answers
fertility ____ as income ____ - CORRECT ANSWER✔✔- decreases, increases
self targeting - CORRECT ANSWER✔✔- subsidize food that only poor people eat (inferior
foods)
Direct distribution - CORRECT ANSWER✔✔- find the poor people and give them food
Rationing - CORRECT ANSWER✔✔- everyone gets an allocation of food that is either free
or heavily subsidized
Food stamps - CORRECT ANSWER✔✔- a voucher issued by the government to those on
low income, exchangeable for food. same as rationing except only some people have access
and the market works for everyone else
Food for the work - CORRECT ANSWER✔✔- this is a type of self-targeting since only the
poor would be willing to spend the whole day working to get an allocation of food. And the
fruits of their labor can be useful for infrastructure development
elastic - CORRECT ANSWER✔✔- responsive to price changes, greater than 1
inelastic - CORRECT ANSWER✔✔- not very responsive to price changes, less than 1
Basic Research - CORRECT ANSWER✔✔- Investment in technologies and processes that
can be used in many if not most parts of the world, develops the tools
Applied Research - CORRECT ANSWER✔✔- Investment in applying the lessons learned
from basic research to practical problems, uses the tools
MDG's - CORRECT ANSWER✔✔- To erradicate extreme poverty and hunger
, To achieve primary universal education
To reduce child mortality
To promote gender equality and empower women
Engel's law - CORRECT ANSWER✔✔- as income rises, the proportion of money spent on
food decreases
Keratomalacia is caused by shortage of - CORRECT ANSWER✔✔- vitamin A
Oral rehydration therapy was first used to fight - CORRECT ANSWER✔✔- cholera
Lysozyme, an enzyme in _____ has the capacity to attack the cell walls of invading bacteria -
CORRECT ANSWER✔✔- mucus
Measles-associated diarrhea is more severe and is more likely to lead to death than other
diarrheas. - CORRECT ANSWER✔✔- True
When a mother does not have to walk as far to get water, she has more time available for
childcare. - CORRECT ANSWER✔✔- True
The economic rule for policymaking is - CORRECT ANSWER✔✔- 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 - CORRECT ANSWER✔✔- externalities
A direct implication of a decreasing marginal utility of income is - CORRECT
ANSWER✔✔- 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 borne by others. - CORRECT ANSWER✔✔- True
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