Exam 19: Economic Development.

Some diseases that are well controlled in industrial countries can become epidemics in poor countries.

Low income means less saving, and less saving means _____

Which of the following groups is likely to lose from free trade?

Dominik Rosen, the finance minister of the country of Glassen, has concluded that entrepreneurs are unable to generate the kind of growth the country needs. His decision to create state enterprises might be motivated by the desire to _____

In general, it can be asserted that foreign aid promotes economic development.

Which of the following is true of bilateral funding?

Unemployment occurs when _____

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

Which of the following is likely to facilitate the adoption of new technology across nations?

Developing countries _____

A nation can raise its productivity by investing more in _____

Unemployment is measured primarily in urban areas because in rural areas farm work is usually an outlet for labor.

One measure of banking presence in a nation is _____

In developing countries, unemployment among young workers is typically _____ that of older workers.

In some developing countries, the standard of living, as measured by per capita income, has declined because _____

Economists favor export promotion over import substitution as a policy for economic growth because _____

An aging population poses fiscal problems for any country.

Developing countries usually have _____

Which of the following is a reason for the lack of political will to remove impediments to development resulting from freer trade?

In 2016, middle-income economies made up _____ of the world's population, but accounted for _____ of world output.