Problem Set 1

Problem Set 1 - Student ID: Name: SOSC142 Poverty Problem...

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Unformatted text preview: Student ID: Name: SOSC142 Poverty Problem Set One Instructor: Dr. Jin WANG TAs: Miss Ting CHEN email: ctxad@ust.hk Division of Social Science Mr Jiyun XIN email: xjy@ust.hk 1. Which of the following is true ( ) a) World Bank adopts $3 per day per person (PPP) to be extreme poverty; b) World Bank adopts $2 per day per person (PPP) to be extreme poverty; c) World Bank adopts $1 per day per person (PPP) to be extreme poverty; d) None of the above is true. 2. Which of the following is true ( ) a) Kuznets curve is an upward sloping curve which describes the relationship between per capita income and consumption; b) Kuznets curve is a U curve which describes the relationship between per capita income (development) and inequality. c) Kuznets curve is always true given the historical evidence in post-world War developed countries. Therefore, we have to pursue growth to reduce inequality. d) Kuznets Curve is not a universal rule that holds for every country. Detailed institutions and factors of the country need to be taken into account when we try to tackle inequality.of the country need to be taken into account when we try to tackle inequality....
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This note was uploaded on 02/14/2012 for the course ISOM isom111111 taught by Professor Hong during the Spring '11 term at HKUST.

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Problem Set 1 - Student ID: Name: SOSC142 Poverty Problem...

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