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.Management Sciences
Category: Economic Problems of Developing Countries
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
Low agricultural productivity in developing countries is mainly caused by ?
A. shortages of inputs including land
B. an over-investment in farm equipment
C. migration from rural areas to urban areas
D. a lack of effective demand for food products
Many developing countries instituted import substitution policies because ?
A. the prices of the goods they imported were falling
B. the price of goods they exported were increasing
C. their terms of trade were deteriorating
D. their terms of trade were improving
Developing countries, if compared with other countries, have ?
A. a lower rate of illiteracy
B. a greater degree of equality in the income distribution
C. a lower infant mortality rate
D. a smaller percentage of the labor force in urban areas
An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?
A. debt rescheduling agreement
B. debt service agreement
C. program for growth
D. stabilization program
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
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