Question 1

The prices of a country's exports relative to its imports are known as the _________.

Accepted Answer

A)  trade balance 
B)  equity of trade 
C)  terms of trade 
D)  trade level

Question 2

In the 1970s,many less-developed countries (LDCs)proposed a program of collective international action aimed at lessening their levels of dependence that was called the

Accepted Answer

A)  new international economic order (NIEO). 
B)  contra-dependent development scheme (CDDS). 
C)  UN Conference on Trade and Development (UNCTA
D) . 
D)  international industrialization promotion (IIP).

Question 3

The clearest example of a cartel is

Accepted Answer

A)  OPEC. 
B)  OECD. 
C)  G-8. 
D)  EU.

Question 4

What is the North-South gap,and what explains the gap? Provide examples.

Accepted Answer

The answer of What is the North-South gap,and what explains...

Question 5

One difficulty in assessing the development level of a given country is

Accepted Answer

A)  there are differing views about what development actually is. 
B)  there are different measures for development. 
C)  some people refuse to believe it can be measured. 
D)  All of the above are true.

Exam 13: Development and Underdevelopment

The prices of a country's exports relative to its imports are known as the _________.

In the 1970s,many less-developed countries (LDCs) proposed a program of collective international action aimed at lessening their levels of dependence that was called the

The clearest example of a cartel is

What is the North-South gap,and what explains the gap? Provide examples.

One difficulty in assessing the development level of a given country is