Economics 355
Mid-term
D.
DeVoretz
Name__________________
ID
# __________________
Tutor’s
Name________________
Instructions:
You have exactly 55 minutes. No paper will be accepted after 55
minutes. You
may use one aid, a data card for your country.
Part
A: True,
False or Uncertain: Select first true, false or uncertain, this is
worth 1
point. 4 points for reason to be placed in section below question.
Answer all..
Use information from your country when appropriate. Total 30 points
Each
worth 5 pts.
1.
In
the Harrod-Domar model the required savings rate varies directly with
the
capital –output ratio. ____ Why?
2.
In
the first and last stages of the demographic transition theory the
crude birth
and death rates and population growth are all equal. ____ Why?
3.
Your country
gets a relatively low
ranking for the Human Development Index while
4.
Urbanization
is a severe problem in most
poor countries because of push factors outweigh pull factors as
determinants of
migration. _________ Why ?
5. A Brain Drain from your country is good
for the
individual immigrant and the sending country. _____
Why?
6. Larger farms are always
more productive that smaller farms since all
crops experience scale economics.
_________
Why?
Part
B: Multiple Choice: Select the Best
answer and circle your choice. Each question worth 5 points. Total 30 points. 5
points per question.
1.
Agricultural
development is essential to the development process because it will
Total
40 points.