Exam 21: Economic Development

According to the convergence theory,

Developing countries must confront industrial countries' trade restrictions, such as tariffs and quotas.

In 2011, in the world's poorest countries income per capita was less that one dollar per day.

One likely reason that the country of Appleland is poor is that it

Which of the following creates an obstacle to pursuing freer international trade?

Studies by the World Bank have underscored the successes of countries that have adopted trade liberalization policies.

Compared to industrial market countries, developing countries usually have

The major advantage of a market economy is that

In a system of impersonal exchange,

Differences in stages of development among countries are reflected in a number of ways besides per capita income.

Developing countries

Labor productivity depends on the

At the end of the production chain that a typical economy moves up along is

Which of the following is not a country or region most likely to be among industrial market countries?

In 2011, the average GDP per capita among the world's economies was slightly more than $11, 000 per year.

How many countries in the world have failed to come up with the rules of the game that lead to sustained economic growth?

A trend in developing countries is that

In 2011, high-income economies with only about one eighth of the world's population produced more than one-half of the worlds output.

Privatization is the

If Gloria is woman in a developing country, then it is likely that