Midterm-04

Midterm-04 - Econ 171/EEP151 Fall 2004 Alain de Janvry...

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Econ 171/EEP151 Alain de Janvry Fall 2004 Xiangyi Meng and Jenny Liu Mid-term Examination (1 hour and 20 minutes. 20% of the final grade) Answers all four parts Part I. Define in one or two sentences any 4 of the following 5 concepts. If you use a graph, make sure that you explain what it shows (5 points each, total of 20 points) (Do not answer more than 4) 1. Human Development Index 2. poverty indicator P α 3. Endogenous growth 4. Tradable pollution permits (cap-and-trade) 5. Demographic transition Part II. True or false, and briefly explain why. Select any 5 of the following 6 statements (8 points each, total of 40 points) (Do not answer more than 5) 6. According to Solow, countries GDPpc will converge over time. __________(True/False) 7. According to Todaro, creating public sector jobs will help reduce the number of urban unemployed. __________(True/False) 8. According to Becker, children are inferior goods. __________(True/False) 9. According to the Kuznets environmental curve, income growth will solve the pollution (e.g., acid rain)
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Midterm-04 - Econ 171/EEP151 Fall 2004 Alain de Janvry...

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