Sample Midterm Exam EC207OC Page 6of 7Part 3: Agree/Disagree with explanations(8 marks per question) Do you agree or disagree with the following 4 statements? Answer all four questions. You cannot choose both agree and disagree on the same question. Answer all questions and shortly explain your reasoning in the context of the textbook of this course. 1.According to Amartya Sen’s “Capability” approach, what matters fundamentally are the things a person has or the feelings these provide.
2.The average level of happiness or satisfaction increases with a country’s average income only up to an average income of roughly $10,000 to $20,000 per capita.