Question

40.

According to Rostow's stages of economic development, in order to move beyond Stage 1 a poor country must improve education and health care for the masses.

True

False

41.

The official U.S. poverty standard was set in 1963 at $3,000 per year for a family of four.

True

False

44.

Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path.

True

False

45.

If all developed countries were willing to meet the U.N.'s Millennium Aid Goal for foreign aid, this would eliminate global poverty.

True

False

46.

Poverty is considered to be more permanent in the United States than it is in other nations.

True

False

48.

Economic growth is the key to ending global poverty.

True

False

49.

According to the World Bank definitions, there are more people in the world living in extreme poverty than there are living in severe poverty.

True

False

50.

The World Bank defines extreme poverty as income of less than $1 per day per person.

True

False

Answer 1

40) The statement is true . Rostow has defined 5 stages of economic development starting from traditional society to age of mass consumption wherein to move beyond first stage, health and education must be improved .

The statement is true.

41) True, the official US poverty standard set in 1963 was $3000 per year per family of four . It was later raised to $24,000 for a family of four in 2015. The answer is true.

44) The statement is true. In his book poor countries were urged to refocus their development policies so that bureaucratic barriers are lessened and the infrastructure is developed of an economy. SO it is true.

45) If all developed countries were willing to meet the U.N.'s Millennium Aid Goal for foreign aid, this would eliminate global poverty is not correct because it is not just the developed countries . VArious poor and developing countries require to meet the millennium goals which include eradication of poverty , sustainable development, universal primary education , improved maternal health, reduced child mortality, gender equality etc.

Answer is false .

46) Poverty is more permanent in many developing countries like Latin American countries and Asian countries where people face both relative and absolute poverty and a majority of population is living in extreme poverty with not even the basic needs of food, clothing and shelter being fulfilled.

Soi the statement is false.

48) Economic growth is essential for any economy to recover from slow rates of growth and poor health conditions. Economic development enables the individuals of an economy to have better job opportunities, help increase the living of standard thereby increasing the health facilities and education. This promotes economic growth and hence the cycle of prosperity is formed.

The answer is true.

49) There are more people living in severe poverty than living in extreme poverty . over 3 billion people according to the world bank are living in severe poverty while about 730 million people live in extreme poverty.

So the statement is false.

50) Extreme poverty was defined as having income less than $1 in 1996 prices . It was later updated to $1.90 as per 2011 prices . So presently it is $1.90 and not $1. It is False.

(you can comment for doubts )