Exam 17: Development Economics

Per capita GNP and quality-of-life are the only ways to determine a country's level of economic development.

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

_____ is the purchase of securities, like stocks and bonds of foreign firms.

When a country follows an inward-oriented strategy, it tends to produce:

Which of the following is an argument in favor of outward-oriented strategy?

Which of the following refers to a shift in government spending from the country's infrastructure to education and health care?

An inefficient manufacturing base is likely to result when:

Investment diversion is considered an obstacle to economic growth because:

As of 2008, which of the following countries had a female literacy rate of less than 50%?

If foreign firms send profits back to their industrial countries from the developing countries, developing countries will have a larger deficit on their balance of payments accounts.

The economic development strategy aimed at exporting domestically manufactured goods is called a(n):

The predominant source of multilateral aid is:

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

Entrepreneurs are more likely to develop among minority groups that have been blocked from traditional high-paying jobs.

A country is strongly outward-oriented if there is less or no control on international trade.

International trade financing is dominated by:

The host country's balance-of-payments problem tends to worsen when foreign firms:

The First World is made up of communist nations.

Which of the following groups would be most adversely affected by food aid?

To follow an outward-oriented strategy, a country that has scarce natural resources and abundant labor supplies should _____.