Exam 29: Development Economics

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

Less-developed countries are experiencing rapid population growth because _____.

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

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

The Third World consists of _____.

The economic development strategy aimed at exporting domestically manufactured goods is called:

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

Societies in which _____ produce more entrepreneurs.

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

Poverty is usually defined by economists in relative terms.

An inefficient manufacturing base is likely to result when:

Which of the following is a reason for the slow economic growth in former colonial nations?

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

A quality-of-life index measures absolute poverty levels.

What is a recommended strategy to increase productivity of the private sector?

For domestic saving to occur, it is necessary to have:

A tariff imposed on foreign imports will cause _____.

The deteriorating-terms-of-trade-argument is based on an assumption that the value of ____ will fall over time.

What is measured by the ratio of export prices to import prices?

In many less-developed countries, per capita GDP falls even though real GDP rises, because: