Economics Unit 4 Development

1. What is an advantage of developing based on tourism?

  • Seasonal unemployment
  • More imports
  • FDI from hotel chains
  • Capital flight
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Other questions in this quiz

2. What model describes the savings gap?

  • Marshall-Lerner
  • Prebisch-Singer
  • Harrod-Domar
  • Lewis

3. What can overfocus on one sector of the economy cause in terms of development?

  • Economic growth
  • Economies of scale
  • Sectoral imbalance
  • Crowding out

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

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

5. What is an example of an outward looking strategy?

  • Subsidies
  • Regulation
  • Trade liberalisation
  • Microfinance

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