A. debt rescheduling agreement
B. debt service agreement
C. program for growth
D. stabilization program
Economic Problems of Developing Countries
Structuralist economists who study developing countries focus their attention on ?
A. changes in industrial structure over time
B. specific barriers to development and how to overcome them
C. The impact of international trade structures on developing countries
D. the caste of class structure and discrimination in the labor market
The main reason why land reform increase agricultural output is that is ?
A. encourages mechanization
B. allows the farmers to set the prices for their agricultural products
C. enables farmers to escape the problem of diminishing return
D. makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers
Debt-re-scheduling is ?
A. an agreement with the World Bank to turn some of a debt into other forms
B. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. a program of austerity measures agreed with the IMF to make repayment possible
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
One of the benefits of putting resources into agricultural projects is that ?
A. Successful agricultural projects produce surplus food to support urban development
B. agricultural investment will prevent the flight of capital abroad
C. agricultural projects usually have low import requirements
D. export prices for agricultural products are more stable than those for industrial products
The developed nations have only about 15% of the world’s population, but they are estimated to consume _______ of the world’s output ?
A. 80%
B. 65%
C. 50%
D. 25%
Which of the following is NOT one of the problems facing most developing nations ?
A. Food shortages
B. Foreign debt
C. Rapid population growth
D. Labor shortages
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
