Exam 21: Economic Development

The yardstick most often used to compare living standards across nations is

Which of the following is not an example of an institution (rules of the game)?

Throughout the world,poverty is greater among women than men,particularly women who head households.

Labor productivity depends on the

A World Bank study suggest a strong link in Africa between governments that __________ special-interest groups and __________ rates of economic growth.

The group of countries more likely to have a high number of telephone lines per 1,000 people is

Laws,customs,conventions,and other institutional elements that sustain an economy fall under the category of

If there is a great deal of violence and uncertainty in the country of Crazico,people will be less willing to invest in their own future or in the future of Crazico.

Labor productivity depends on the

A firm should be transparent,meaning

A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy.

Around the world,once-socialist countries have replaced central plans with

Imagine that the best and the brightest professionals of the planet Venus migrate to Earth to work.The upside of this brain drain is

In developing countries,it is not true that

When a developing country relies on export promotion,

If the country of Zorg has a birth rate of greater than 2.2 births per woman,it is likely that Zorg is an industrial market country.

One possible reason that the country of Whatsis is trapped in poverty is

Sjen Mavago,the economics minister of the country of X-Marks-the-Spot,has concluded that entrepreneurs are unable to generate the kind of growth the country needs.Her decision to create state enterprises might be motivated by the desire to

In developing nations,the combined rate of urban and rural unemployment or underemployment is about

Export promotion has been more successful than import substitution.