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Chapter 22W - The Economics of Developing Countries
58. What is the problem with saving in DVCs, even when saving as a percentage of domestic
output is the same as in industrially advanced countries?
59. Capital flight is a problem facing DVCs that involves the:
60. Infrastructure is best illustrated by:
Chapter 22W - The Economics of Developing Countries
61. An example of infrastructure is a:
62. Which is an example of infrastructure in a DVC?
63. A new fertilizer that is better suited to a nation's topography and climate is an example of
a technological advance that is:
Chapter 22W - The Economics of Developing Countries
64. If it is cheaper in the long-run to use a new metal plow that lasts a long time than an
inferior wooden plow that needs to be replaced often, then this is an example of:
65. The diversion of surplus labor in agriculture to the production of schools or roads is
described as:
66. Which will most help a developing nation break out of the vicious circle of poverty?
Chapter 22W - The Economics of Developing Countries
67. Which is not an example of a socio-cultural impediment to economic growth?
68. If a local leader in a developing nation claims that there is little or no correlation between
a person's efforts and the economic rewards which are given to that person, this person is
most likely expressing a:
69. Which is most characteristic of most developing nations?
Chapter 22W - The Economics of Developing Countries
70. An institutional change that is needed in most developing nations is:
71. Which seems to be the most acute institutional problem that needs to be resolved by many
DVCs?
72. Which of the following statements is correct?
Chapter 22W - The Economics of Developing Countries
73. The vicious circle of poverty in the poorest DVCs can also be expressed as:
74. The "vicious circle of poverty" for developing nations can best be described by:
75. Many economists believe that the key to breaking the vicious circle of poverty is to:
Chapter 22W - The Economics of Developing Countries
76. Most economists agree that government efforts in economic development must be:
77. Avenues for the government to foster economic growth and development include the
following, except:
78. Government can play a major positive role in the early stage of economic development
by:
Chapter 22W - The Economics of Developing Countries
79. Which is not a reason why government may play a key role in the early stage of economic
development in developing nations?
80. The role of government in fostering economic growth in DVCs has been criticized
because:
81. Development experts are less enthusiastic than they used to be about three decades ago
about the positive role of DVC governments in promoting economic growth in their less
developed nations because of the:
Chapter 22W - The Economics of Developing Countries
82. Microfinance refers to:
83. Microfinance can help directly support:
84. Economists would most likely suggest that advanced nations can best assist in the
economic development of developing nations by:
Chapter 22W - The Economics of Developing Countries
85. Industrially advanced countries can best help developing countries by:
86. In recent years, many DVCs have come to realize that:
87. Some of the ways that industrially advanced countries (IACs) can help developing
countries (DVCs) in achieving faster economic growth include the following, except:
Chapter 22W - The Economics of Developing Countries
88. Industrially advanced countries can best help DVCs by:
89. Which organization primarily makes and guarantees loans to developing nations for basic
development projects such as the construction of dams, roads, and schools?
90. The World Bank seeks to:
Chapter 22W - The Economics of Developing Countries
91. One of the major objectives of the World Bank is to:
92. The World Bank operates primarily as a:
93. Many of the major projects of the World Bank have been for:
Chapter 22W - The Economics of Developing Countries
94. A large portion of foreign aid from IACs to DVCs is on the basis of:
95. Most of the flow of foreign aid goes to:
96. Making "soft loans"--loans which may not be self-liquidating--to the very poorest of the
developing countries on relatively liberal terms is the primary function of the:
