I- is also known as patrimonialism
II- is the dominant pattern in many LDCs
III- is a personalized relationship between patrons and clients
IV- commands equals wealth, status or influence, based on unconditional…
According to Lewis’s model the dual economy grows only when ?
A. the modern sector increases its output relative to the traditional sector
B. agricultural sector uses modern equipment
C. agricultural sector hires labor…
Which of the following statement is true about low-income countries ?
A. less than 10% of the labor force is in agricultureB. the average agriculture family produces surplus large enough only to supply small non-agriculture…
Increases in real GNP per capita occur when ?
A. government programs direct resources away from investment goods to consumer goods.
B. tariffs and quotas prevent dollars from leaving the countryC. the rate of growth of real GNP is…
What is gross domestic product (GDP) ?
A. income earned through foreign exchange
B. the number of dollars earned in industryC. income earned within a country’s boundaries
D. goods received from the nation’s residents…