Exam 21: Economic Development

The economic theory that states that as time passes,economic systems become much more similar,with common rates of growth,common employment levels and common rates of inflation is known as

Studies by the World Bank have underscored the successes of countries that have adopted trade liberalization policies.

Differences in stages of development among countries are reflected in a number of ways besides per capita income.

Which of the following is true about GNP?

When foreign aid is tied to purchases of low-priced food from the donor country,farm prices can drop in the developing countries,hurting poor farmers.

If the centrally planned economy of Rowboat dismantles central controls before institutions such as property rights are in place,instability will most likely result.

Which of the following is not true about migration?

Education makes people more receptive to new ideas and methods,which leads to economic development.

Which of the following is not an example of foreign aid?

Which of the following groups has the highest infant mortality rate?

Which of the following is not a country that has more people over the age of 65 than under the age of 15?

Privatization is the

How many countries in the world have failed to come up with the rules of the game that lead to sustained economic growth?

Countries with reliable phone service have difficulty not only communicating,but also reaping the benefits of other technology advances,such as the Internet.

At the end of the production chain that a typical economy moves up along is

A requirement for development is

A downside to foreign aid is that

In 2011,the average GDP per capita among the world's economies was slightly more than $11,000 per year.

The average value added per U.S.farm worker is about __________ times that of farm workers in low- and middle-income countries.

Labor productivity depends on the