Exam 20: Economic Growth in Developing Economies

Microfinance is the practice of lending ________ , with no collateral, and accepting ________ savings deposits.

The term "Global South" refers to

A developing economy is considering restricting the amount of money its citizens can invest abroad. What might the purpose of this restriction be?

Social overhead capital guarantees economic growth.

Related to the Economic in Practice on page 387: Corruption often leads to more efficient firms producing the goods and services in a society.

With microfinance, the mechanism of peer lending is a way to avoid the problem of

All of the following are factors that limit a poor nation's economic growth except

Remittances refer to

From 1978 to 2003, China grew on average ________ percent per year, a rate faster than any other country in the world.

Which of the following characteristics is generally representative of developed countries relative to developing countries?

The practice of lending very small amounts of money, without collateral, and accepting small savings deposits is known as

Export promotion policies try to encourage firms to produce more of the products for which the country has a comparative advantage.

Protection of intellectual property rights is more common in developing countries than in developed countries.

Over the past 25 years, child mortality has ________ and literacy has ________ in developed countries.

Based on a World Bank study, medical treatment in developing countries has an elasticity value greater than 1.

Compensation sent back to family in the home country by recent emigrants is known as

Most of China's recent growth has been fueled by ________, and most of India's recent growth has been fueled by ________.

The disparity in child mortality rates between the Global North and the Global South

One factors that limits a poor nation's economic growth is

Insufficient capital formation has been suggested as an explanation for the ________ economic growth in many poor nations.