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.Management Sciences
Category: Economic Problems of Developing Countries
The policy that has been the most successful in increasing agricultural output in developing countries is ?
A. mechanization
B. land reform
C. import substitution
D. produce marketing boards
85% of the world’s population lives in developing countries and receives about _____ of the world’s income?
A. 40%
B. 10%
C. 20%
D. 30%
The term Fourth World has been coined to describe ?
A. the newly industrialized countries like Korea, Taiwan Malaysia
B. The republics of the former Soviet Union
C. Countries that still have a communist government like China and Cuba
D. countries that have fallen far behind the economic advances of the rest of the world
A policy of developing local industries that can compete with imports is referred to as ?
A. export promotion
B. industrial promotion
C. import substitution
D. unbalanced growth
When economists say that developing countries have a dualistic economy the 2 parts referred to are ?
A. modern sector and traditional sector
B. town and country
C. men and women
D. rich people and poor people
Most of the Third World/Fourth World debt was incurred in ?
A. The colonial period
B. The early 1950s
C. most debt was incurred during the oil shocks of the 1970s
D. the early 1960s
When economists talk about developing countries experiencing flight of capital they mean?
A. money lent to the country being immediately invested abroad
B. People investing their money in urban business rather than agriculture
C. money moving around financial institutions rather than being invested in production
D. people investing money abroad rather than in their own country
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
A. stress agricultural development over industrial development
B. promote industrial development over agriculture
C. use a balanced strategy that promotes both agricultural and industrial development
D. stress the importation of agricultural products and the export of manufactured goods
Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?
A. The constraints imposed by dependency on the already-developed nations
B. A steady rate of capital formation
C. An adequate level of social overhead capital
D. The supply of human resources is too high
The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
A. the vicious circle of poverty hypothesis
B. the dependency theory
C. neo-colonialism
D. the under-consumptionist hypothesis
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