Which term refers to the theory that suggests developing countries can achieve economic growth by increasing savings and investment? A. Dependency theory B. Modernization theory C. Structuralism D. Neoliberalism
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- 2.Explain the meaning of dualism and dual societies.Do you think that the concept of dualism ade-quately portrays the development picture in most developing countries? Explain your answer.Which of the following policies could a relatively poor developing country 3dopt to promote economic growth? Check al that apDly. = o = O s R Bravent spaculation by heavily taxing the sales of corporate stocks and bonds. Establich and enforcs strong property rights. Zllow the goverment to make ecisions about the economy's current production and investments for future production, Allow people and businesses to trade freely with forsign producers and consumers. Give inventors and authors exclusive, temporary rights to market and sel their creations.Select a developing country that interests you and searchfor evidence suggesting which factors are the bindingconstraints on growth.
- Development economics must have a scope wider than traditional economics because ______________.a. transformation of social institutions is necessary for developmentb. people in developing societies do less utility-maximizingc. values and attitudes play little role in the pace of developmentd. all of the aboveThe method of measuring economic development developed by the UNDP is known as: O a. Gross Domestic Product (GDP) O b. Human Development Index (HDI) OC. Purchasing Power Parity (PPP) d. Physical Quality of Life Index (PQLI)Which of the following policies would economists consider to be actions that a DVC government might take that would improve growth prospects? Choose one or more answers from the choices shown. a. Helping to extend the banking system to the rural poor. b. Passing high tariffs against foreign products. c. Constructing better ports, roads, and Internet networks. d. Charging high fees for public elementary schools.
- Orthodox or conventionaleconomists say that to address unequal growth between the rich and the poor, the world economy needs to grow Do you agree with this idea? Why or why not? Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your According to investopdia.com,a steady-state economy is an economy structured to balance growth with environmental integrity, seeking to find an equilibrium between production growth and population growth. This type of economy aims for the efficient use of natural resources but also seeks a fair distribution of the wealth generated from the development of those resources. Is this type of economy more plausible than continued, unlimited economic growth? Why or why not? How can humanity possibly find a balance between economic growth and social justice?1.Given the diversity of developing countries, do you think that there could ever be a single, unified theory of development? Explain your answer.Descibe differences between economic growth and economic development
- As long as a country has high GDP growth rate, it can be categorized as an emerging market economy. A. True B. FalseA. EXPLAIN BRIEFLY THE FOUR APPROACHES TO ECONOMIC DEVELOPMENT.B. WHICH OF THE DIFFERENT THEORIES OR APPROACHES THAT BEST DESCRIBETHE ECONOMIC SITUATION OF THE DEVELOPING NATIONS? EXPLAIN YOURANSWER.C. DISTINGUISH BETWEEN THE NEO-CLASSICAL, FREE-MARKET THEORY WITHDEPENDENCY THEORY?D. WHAT IS THE ROLE OF PUBLIC INVESTMENT AS A DEVELOPMENT STRATEGY?E. DISCUSS HOW THE “STAGES OF GROWTH FRAMEWORK EXPLAINS ECONOMICSTRUCTURAL CHANGE.U. a UGLICOSC II LITC TODOI TVICe partiCipatioi 25. Which of the following institutional arrangements is most likely to promote growth? a. patents and copyrights that expire quickly and are loosely enforced. b. strong government control over resource allocation decisions. C. unrestricted trade between nations. d. all of these.
