41. Decentralization of development requires policy changes, devolution of government functions and redistribution of revenue. * A. TRUE B. FALSE 42. Correcting factor price distortions is a function...

41. Decentralization of development requires
policy changes, devolution of government
functions and redistribution of revenue. *
A. TRUE
B. FALSE
42. Correcting factor price distortions is a
function of the government. *
A. TRUE
B. FALSE
43. Harris-Todaro Migration Model related the
demand and supply of workers specifically in
the manufacturing sector. *
A. TRUE
B. FALSE
44. Migration decision of Filipinos is always an
economic decision. *
A. TRUE
B. FALSE
45. When wage differential is negligible, rural to
urban migration will not be much of a
problem. *
A. TRUE
B. FALSE
46. When a company serves slum areas, it will
surely have difficulty in achieving its economic
and financial bottom-line of profit. *
A. TRUE
B. FALSE
47. Rural-urban migration, as an economic
issue, is basically about income and
employment. *
A. TRUE
B. FALSE
48. In the Philippines, there is no concrete
policy on rural-urban migration. *
A. TRUE
B. FALSE
49. The location choices of big labor- intensive
companies will have bearing on migration
between rural and urban areas. *
A. TRUE
B. FALSE
50. Labor turnover is faster in urban companies
than in rural companies. *
A. TRUE
B. FALSE
51. The presence of shanty towns relates to a
nation’s GINI coefficient. *
A. TRUE
B. FALSE
52. Perfect inequality in distribution of income
can be exhibited in reality. *1 point
A. TRUE
B. FALSE
53. Holding all other incomes constant, if we
transfer some income from a richer person to
a poorer person, the resulting new income
distribution is more unequal. *
A. TRUE
B. FALSE
54. There is absolute poverty below the
international poverty line. *
A. TRUE
B. FALSE
55. Modern sector enlargement assures a
better Lorenz Curve for a nation. *
A. TRUE
B. FALSE
56. The average poverty gap measures the sum
of the differences of the income of each person
from the absolute poverty line. *
A. TRUE
B. FALSE
57. The multidimensional poverty index gives
equal weight to all eight indicators. *
A. TRUE
B. FALSE
58. The normalized income shortfall is a
measure of income inequality. *t
A. TRUE
B. FALSE
59. When government’s intervention to poverty
and income inequality are thoroughly planned,
implemented and monitored, a nation is
secured of achieving economic development. *
A. TRUE
B. FALSE
60. The GINI Coefficient relates the Lorenz
Curve and the line of perfect quality of
percentage of income and percentage of
population.
A. TRUE
B. FALSE