Exam 19: Economic Development

Developing countries must confront industrial countries' trade restrictions,such as tariffs and quotas,which often discriminate against primary products.

Export promotion provided infant industries with a protected market in many developing countries.

The newly industrialized Asian economies have developed by adopting the latest technology and investing in _____.

When a developing country relies on import substitution,_____.

The country of Yipi can raise its productivity by investing more in:

According to economists,developing countries can close the gap with developed countries as:

Workers are less productive in poor countries because:

If developed economies want to grow faster,they can do so with their existing technologies.

One of the drawbacks of implementing an import-substitution policy is that:

Developing countries consist of:

Lack of education is a reason why farmers are unable to use advanced farming techniques.

An aging population poses fiscal problems for any country.

On average,about half the labor force in developing countries works in agriculture versus only about 3 percent in industrial market countries.

Wages are high in poor countries because businesses are run efficiently.

One of the reasons that import substitution is popular is that:

Some recipient governments sold the food they received from the U.S.Food for Peace program to _____.

There is a possibility of increased capital imports,investment,and consumption in countries that receive foreign aid because,in general,foreign aid provides _____.

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

Sub-Saharan African countries fall under the category of industrial market economies.

Evidence from developing countries suggests that fertility rates decline when _____.