Exam 17: Development Economics

Capital shallowing occurs because old capital depreciates, or becomes completely obsolete with the passage of time.

Societies in which _____ produce more entrepreneurs.

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

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

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

Which of the following is a common argument against allowing a foreign firm to operate a business in a developing country?

Foreign aid that flows from one country to another is called multilateral aid.

Which of the following sentences about the benefits of foreign investment is true?

Why is the fear of expropriation an obstacle to economic growth?

For most Third World countries, the key source of capital accumulation is _____.

Which of the following coordinates and plans foreign aid programs and expenditures in the United Sates?

The primary objective of inward-oriented strategies is:

The Third World consists of _____.

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

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

Generally speaking, the more competitive a country's markets are, the greater are the opportunities for corruption.

Which of the following is least likely to be included in a definition of basic human needs?

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

The deteriorating-terms-of-trade argument has been used to justify import-substitution policies.

The existence of dual economies support the argument for _____.