Exam 21: Economic Development

One example of gradualism is taking place in

Compared to industrial market countries, developing countries usually have

A trend in developing countries is that

A problem for developing countries is that the prices of primary products fluctuate more widely than do the prices of finished goods because

The country of Yipi can raise its productivity by investing more in

If the centrally planned economy of Rowboat dismantles central controls before institutions such as property rights are in place, instability will most likely result.

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

Any international transfer made on concessional terms for the purposes of promoting economic development is

Privatization is the process of turning government enterprises into private enterprises in transitional economies.

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.

A requirement for development is

Which of the following creates an obstacle to pursuing freer international trade?

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

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

Successful management of resource wealth is a poverty trap

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

The average value added per U.S. farm worker is about __________ times that of farm workers in low- and middle-income countries.

Which of the following can help shape the incentive structure of the country of Gammaland?

Production and exchange depend on an reliable infrastructure of

If there is a great deal of violence and uncertainty in the country of Crazico, people will be less willing to invest in their own future or in the future of Crazico.