Exam 21: Economic Growth in Developing and Transitional Economies

In 2007, remittances from illegal immigrants in the United States to Mexico

Statistics show that the less developed a country is

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

An alternative to random experiments is to rely on ________ to mimic the controlled experiment.

Remittances can be used as investment capital for small businesses.

In 2006, the literacy rate of people over the age of 15 was 60.8% for people in countries classified as

GDP growth leads development.

With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.

Compared to traditional bank loans, microfinance loans have all of the following characteristics EXCEPT

Which agency lends money to countries to promote their economic development?

Which of the following statements is false?

Most of China's recent growth has been fueled by ________, and most of India's recent growth has been fueled by ________.

Policies designed to promote import substitution often encouraged labor-intensive production methods, which encouraged the creation of jobs.

In some nations, the government pays parents to send their children to school. There is ________ that these payments ________ school attendance.

Transition from socialism by shock therapy is a gradual process.

Student absenteeism is a problem facing education in the developing world.

The Russian transition to a market economy required

Compensation sent back to family in the home country by recent emigrants is known as

Countries with the highest level of per-capita GNI tend to generate a large percentage of GDP from agriculture production.

Based on a World Bank study, medical treatment in developing countries has an elasticity value greater than 1.