Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?
A. The constraints imposed by dependency on the already-developed nations
B. A steady rate of capital…
Many develog countries instituted import substitution policies because ?
A. the prices of the goods they imported were falling
B. the price of goods they exported were increasingC. their terms of trade were deteriorating
Develog countries, if compared with other countries, have ?
A. a lower rate of illiteracy
B. a greater degree of equality in the income distribution
C. a lower infant mortality rateD. a smaller percentage of the labor force in…
When economists talk about develog countries experiencing flight of capital they mean?
A. money lent to the country being immediately invested abroad
B. People investing their money in urban business rather than agriculture
Debt-re-scheduling is ?
A. an agreement with the World Bank to turn some of a debt into other formsB. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. a program of…
When economists say that develog countries have a dualistic economy the 2 parts referred to are ?
A. modern sector and traditional sector
B. town and country
C. men and women
D. rich people and poor people…
The main reason why land reform increase agricultural output is that is ?
A. encourages mechanization
B. allows the farmers to set the prices for their agricultural products
C. enables farmers to escape the problem of diminishing…
Low agricultural productivity in develog countries is mainly caused by ?
A. shortages of inputs including land
B. an over-investment in farm equipment
C. migration from rural areas to urban areas
D. a lack of effective demand for…