Which statements are TRUE?
11. Regardless of the process of development that a nation follows, complementarity of inputs is required.
12. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology.
13. Urbanization, when centralized, leads to migration to and congestion of centers of development.
14. Underdevelopment is a point of equilibrium just as development is.
15. Pareto improvement is possible in situations where better Gini coefficient already exists.
16. In the process of development, pecuniary externalities can be totally avoided.
17. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries.
18. Improving hard and soft infrastructure increase investments and trade of a nation.
19. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector.
20. O- Ring Model posits that there are no small tasks in the development process of nations.
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