Exam 21: Economic Development

Which of the following is not a developing country classified as a high-income economy because of possessing huge oil reserves?

If there is a great deal of violence and uncertainty in the country of Crazico, people will be less willing to invest in their own future or in the future of Crazico.

The economic system that includes private ownership of most resources and the coordination of economic activity by price signals generated by market forces is

Which of the following is not an example of an institution (rules of the game)?

Privatization requires

Industrial market countries are also referred to as

The bulk of exports from industrial countries are

The bulk of exports from non-industrial countries are

Production and exchange depend on an reliable infrastructure of

Which of the following transitional economies has become a high-income nation?

Which of the following is not true about migration?

Which of the following does not describe the World Bank?

Education makes people more receptive to new ideas and methods, which leads to economic development.

Any international transfer made on concessional terms for the purposes of promoting economic development is

Newly industrialized countries typically have lower GDP growth rates than more developed industrialized countries.

Foreign aid often becomes a source of discretionary funds that benefit poor people in developing countries and not the countries' leaders.

If Eddie Li is a skilled worker employed in a low-skill job, he is

A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy.

Countries with reliable phone service have difficulty not only communicating, but also reaping the benefits of other technology advances, such as the Internet.

Which of the following countries is not in the poorest-billion category?