Exam 21: Economic Growth in Developing and Transitional Economies

Export promotion policies try to encourage firms to produce more of products the country has a comparative advantage in.

In 2006, per capita income was roughly ________ times lower in low-income countries than in high-income countries.

Income distributions in developing countries are often so skewed that the richest households of very poor nations surpass the living standards of many high-income families in the developed economies.

Which agency lends money to countries to help them stabilize their exchange rates?

Most authorities agree that the transition to a market economy can be achieved

Which of the following characteristics is generally representative of developed countries relative to developing countries?

Which of the following characteristics is generally representative of developing counties relative to developed countries?

Rapid population growth tends to make the population younger in developing economies.

The population in developing countries grows at a rate of ________% a year.

Which of the following factors has been suggested as an explanation for the lack of economic growth in many poor nations?

In the distribution of world income, the richest one-fifth of the world's population earns about ________ of the world income.

Advocates of a gradualism transition approach from socialism to a market economy recommend

The policy in which industrial production is oriented towards foreign consumers is called

When looking at the world population, the poorest one-fifth of families earns about _________ of total world income.

Capital flight refers to the fact that both human and financial capital

Although the developed nations account for only about one-quarter of the world's population, they are estimated to consume what proportion of the world's output?

Economic growth guarantees economic development.

In the distribution of world income, the poorest one-fifth of the world's population earns about ________ of the world income.

Building roads, power generators, and irrigation systems are projects that are referred to as

Related to the Economics in Practice on page 722: In the Kerala region of India, fishermen used cell phones to help connect buyers and sellers, reducing waste. All of the following describe ways in which technology is likely to improve information flow and increase economic efficiency EXCEPT: