Exam 8: Why Isn't the Whole World Developed?

The ________ hypothesis claims that differences in natural environment,such as climate and ecology,are ultimately responsible for the major differences in prosperity observed around the world.

Which of the following statements is true of foreign aid?

The phrase "reversal of fortunes" refers to the fact that ________.

What is the likely reason that the Industrial Revolution started in Britain and not somewhere else?

Which of the following statements is true of the British colonies in Jamaica and Barbados?

Initially,the creation of railroads was opposed in some countries because railroads were likely to ________.

Which of the following statements is true of colonies set up in North America?

Extractive economic institutions are ________.

The return-to-entrepreneurship curve is ________.

If the geography hypothesis holds,then ________.

Which of the following statements is true of foreign aid?

An implication of the return-to-entrepreneurship curve is that ________.

The reversal of fortune in terms of population density suggests that areas with a higher population density in ________.

Which of the following statements is true of extractive economic institutions?

Which of the following statements is true?

Which of the following statements is true?

The aspects of the society's rules that concern economic transactions are referred to as ________.

If an economy with extractive institutions allows for political creative destruction,then ________.

The aim of development aid is basically to ________.

If the opportunity cost of entrepreneurship increases,the ________.