An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ? A. debt rescheduling agreement B. debt…
Structuralist economists who study develog countries focus their attention on ? A. changes in industrial structure over timeB. specific barriers to development and how to overcome them C. The impact of international trade structures on develog countries D. the caste…
Which of the following is NOT one of the problems facing most develog nations ? A. Food shortages B. Foreign debt C. Rapid population growthD. Labor shortages
The policy that has been the most successful in increasing agricultural output in develog countries is ? A. mechanizationB. land reform C. import substitution D. produce marketing boards
One of the benefits of putting resources into agricultural projects is that ? A. Successful agricultural projects produce surplus food to support urban development B. agricultural investment will prevent the flight of capital abroadC. agricultural projects usually have low import…
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 formation C.…
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 D. their terms of trade were…
The developed nations have only about 15% of the world’s population, but they are estimated to consume _______ of the world’s output ? A. 80% B. 65% C. 50% D. 25%
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 urban…
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 C. money moving around financial institutions rather…