Exam 14: Development and Underdevelopment in the Developing World

To restructure a developing world country's debt,the International Monetary Fund (IMF)typically wants "structural adjustment" in that country.What does this term mean?

Which of the following is TRUE?

________ experiences the highest rates of infant mortality.

What is the average life expectancy of people living in economically advanced countries?

What country colonized South Asia?

Which underdeveloped world region lacks a substantial agricultural base,which means many food products must be imported?

Which region experiences the highest rates of infant mortality?

Which is NOT TRUE regarding foreign debt?

In less developed countries,a large share of the labor force works in which sector? In certain African nations,India,and China,more than 75% of the workers are in this sector.

The most common measure of wealth and poverty internationally is Gross Domestic Product.

What is land reform?

What is the primary reason the text states for certain countries being underdeveloped?

India is the world's leading producer of cotton.

________ ________ ________ is a more meaningful measure of income than GDP.

Which is NOT TRUE?

In what area of the world did capitalism originate,and when?

When an LDC experiences capital flight,wealthy individuals and firms from within an LDC invest and deposit their monies in overseas ventures and banks in developed countries.

Most of the world's largest cities are located in LDCs.

GDP fails to measure barter,subsistence production,and household domestic labor.

What is underemployment?