Exam 17: Development Economics

Which of the following would encourage domestic producers to compete internationally?

A country is moderately outward-oriented if there are relatively high import-substitution restrictions.

The reason why public subsidization of industries in less-developed countries tends to result in slow economic growth is that:

Compared to First World countries, developing countries would have _____.

Which of the following statements is true?

Less-developed countries are experiencing rapid population growth because birthrates are on the rise and mortality rates are falling.

Which of the following is not an argument in favor of inward-oriented strategies?

The Third World consists of _____.

A narrowly conceived physical quality-of-life index attempts to measure:

The higher the death rates in less-developed countries, the smaller the average family size.

Which of the following is not a probable consequence of food aid to developing countries?

If rapid population growth reduces the amount of capital per worker, thereby lowering labor productivity, it is referred to as:

Which of the following is a likely benefit of foreign investment in a developing country?

South Korea used an inward-oriented development strategy to focus on the growth of exports.

The practice of imposing import restrictions to protect a newly developing domestic economy typically results in:

Assume that initially country A exchanges three barrels of oil for one ton of steel from country B. Later the arrangement changes to four barrels of oil for one ton of steel. This indicates that:

Which of the following is true of import-substitution strategies?

A product in the first stage of production is defined as a(n):

The Western European countries are a part of _____.

In the 1990s, foreign direct investment had become the most important source of funds for developing countries.