Economics Unit 4 Development

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

  • It prevents investment in capital
  • It causes unemployment
  • It creates inequality
  • It prevents the appreciation of a currency
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Other questions in this quiz

2. What does the Lewis model depict?

  • Industrialisation
  • Investment
  • Agricultural development
  • Tourism development

3. What is an example of an inward looking development strategy?

  • Encouraging investment
  • Trade liberalisation
  • Import substitution
  • Abolising minimum wage

4. What is it called when government seeks to further its own interest rather than that of the people?

  • Clientelism
  • Corruption
  • Bureaucracy
  • Ministerial responsibility

5. What country has developed on the basis of primary product dependency?

  • Chile
  • China
  • India
  • USA

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