Question 9 According to the World Bank definitions, there are more people in the world living in extreme poverty than there are living in severe poverty

Q9. TRUE
Explanation: The World Bank defines “extreme poverty” as living on $1.25 or less a day.An estimated 21 percent of people in the developing world live at or below the $1.25-per-day threshold, down from 43 percent in 1990 and 52 percent in 1981

Q10. Developing infrastructure and ensuring that property rights will be protected can help a poor country grow more quickly according to de Soto's book The Other Path. TRUE Explanation: De Soto concluded that countries could grow more quickly if governments encouraged rather than suppressed entrepreneurial resources. In his best-selling book, The Other Path, he urged poor countries to refocus their development policies. This 'other path' entails improving the business climate by reducing bureaucratic barriers to free enterprise, spreading private ownership, developing and enforcing legal safeguards for property, income, and wealth, and developing infrastructure that facilitates business activity.
Q11. FALSE,
Explanation: Industrial countries are dependent on the devaluation of another country's currency, since this would affect the imports and exports basically the exchanges with the opposite country.

Q12. TRUE
Explanation: In a pure flexible exchange rate regime or floating exchange rate regime, the central bank does not intervene in the exchange rate dynamics; hence the exchange rate is determined by the market. Theoretically, in this case reserves are not necessary.