Exam 20: Developing and Transitional Economies

Usually the poorest fifth of the population in a developing country receives more than 20 percent of the country's income.

Which of the following is not a developing country classified as a high-income economy because of possessing huge oil reserves?

In a system of impersonal exchange,

At the end of the production chain that a typical economy moves up along is

The country of Excludania can discourage foreign investment by

One of the reasons that import substitution is popular is that

The group of countries more likely to have a high number of telephone lines per 1,000 people is

One thing that did not happen in the former Soviet Union was

Imagine that the best and the brightest professionals of the planet Venus migrate to Earth to work.The upside of this brain drain is

The first step in gradualism is

There is no unified economic theory of how to construct the institutions that are central to the success of capitalism.

Privatization requires

In developing nations,the combined rate of urban and rural unemployment or underemployment is about

Compared to industrial market countries,developing countries usually have

In the developing country of Sixsigma,most likely

If the country of Deficitland is experiencing trade deficits,they are more likely to cut imports of

Soft budget constraints will lead to

A reliable system of property rights and enforceable contracts are prerequisites for creating incentives that support a healthy market economy.

If the country of Zorg has a birth rate of greater than 2.2 births per woman,it is likely that Zorg is an industrial market country.

Countries with reliable phone service have difficulty not only communicating,but also reaping the benefits of other technology advances,such as the Internet.