Economics Unit 4 Development

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

  • India
  • USA
  • Chile
  • China
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Other questions in this quiz

2. What effect would debt cancellation have on developed countries?

  • Inflation
  • More imports
  • Shareholders would carry some of the burden
  • Unemployment

3. What model describes the savings gap?

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

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

  • Clientelism
  • Ministerial responsibility
  • Corruption
  • Bureaucracy

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

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

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