Economics Unit 4 Development

1. What type of aid has to be paid back?

  • Loan aid
  • Multilateral aid
  • Tied aid
  • Bilateral aid
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2. What does the Lewis model depict?

  • Investment
  • Agricultural development
  • Industrialisation
  • Tourism development

3. Microfinance tends to be given to which group?

  • Women
  • Children
  • Big business owners
  • Teachers

4. What is it called when a country is dependent on the export of one commodity?

  • Savings gap
  • Primary product dependency
  • Export led growth
  • Export reliance

5. Why is the savings gap a limit on growth and development?

  • It creates inequality
  • It prevents the appreciation of a currency
  • It prevents investment in capital
  • It causes unemployment

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