One of the characteristics of the poor is that they

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Cognitive Psychology: Connecting Mind, Research, and Everyday Experience
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Chapter 5 / Exercise 1
Cognitive Psychology: Connecting Mind, Research, and Everyday Experience
Goldstein
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10. One of the characteristics of the poor is that they are A.more likely to come from small families. B.more likely to be well educated. C.more likely to be employed in the modern industrial sector. D.more likely to live in a rural area.
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Cognitive Psychology: Connecting Mind, Research, and Everyday Experience
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Chapter 5 / Exercise 1
Cognitive Psychology: Connecting Mind, Research, and Everyday Experience
Goldstein
Expert Verified
O. MESTA Part 2: Concept Questions (4 marks per concept, 3 concept questions) Choose 3 of the following concepts and define in the context of the textbook of this course. You are expected to write one or two sentences for each concept. However, feel free to write a short paragraph if needed. Income per capita Factors of production Human capital Neoclassical counterrevolution Free trade Workfare programs Sample Midterm Exam EC207OC Page 5of 7
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.
O. MESTA Sample Midterm Exam EC207OC Page 7of 73.The personal or size distribution of income is the measure most commonly used by economists. It simply deals with individual persons or households and the total incomes they receive. The way in which they received that income is not considered.
4.The Harrod-Domar growth model states that the reason for underdevelopment is the unequal international relationships between rich and poor countries.

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