What is your first name?

What is your last name?

In contrast to the international trade approach, the self-sufficiency approach to development

begins when an elite group initiates innovative activities.

attempts to result in uneven resource development. and market correction indices.

suffers from market stagnation.

attempts to spread investment through all sectors of the economy.

attempts to identify appropriate developmental stages.

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The biggest problem faced by less developed countries in financing development is

trade negotiations with more developed countries.

identifying unique economic assets.

inability to repay loans.

promoting dependency.

currency inflation.

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According to Rostow's development model, the process of development begins when

a high percentage of national wealth is allocated to nonproductive activities.

an elite group initiates innovative activities.

take-off industries achieve technical advances.

workers become more skilled and specialized.

banking institutions are sufficiently mature.

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If the per capita GDP in a given country is about $1,500, this indicates that it is a

petroleum exporting state.

less developed country.

more developed country.

country with a high gross domestic product.

country with evenly distributed wealth.

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Which of the following is not a characteristic of the Fair Trade movement?

Standards intending to protect workers are instituted in LDCs.

Fair Trade coffee has become available in most North American cities.

Cooperatives intend to benefit local farmers and artisans, rather than absentee corporate owners.

Employers must pay fair wages and comply with environmental and safety standards.

Protection of workers' rights is already a high priority for multinational corporations.

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The biggest problem in promoting development through the international trade alternative is

increased demand for many goods.

increased price of petroleum.

regional cooperation.

unequal distribution of resources.

consumer demand expanding faster than manufacturing can increase.

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The principal benefit of the self-sufficiency approach is to promote

balanced growth of all economic sectors.

global competitiveness for local industries.

the maintenance of a large bureaucracy.

unequal distribution of resources.

international trade.

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Traditional barriers to international trade have included

low taxes on imports.

making domestic goods more expensive.

eliminating quotas on imports.

requiring licenses for importers.

strong domestic and international demand.

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What do critics charge are some effects of Structural Adjustment Programs for refinancing loans to LDCs?

more efficient civil service

diverting investment from weapons and training for the military to social needs such as health and education

investment benefiting the poor, not just the elite

more dissemination of information to the public

workers in state enterprises losing their jobs and support for dependent citizens being cut

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The large percentage of population involved in agriculture in China indicates that

the country imports most of its food.

few people are unemployed.

most people consume an inadequate amount of calories.

most people must produce food for their own survival.

factory production cannot expand.

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Which one of the following statements is INCORRECT?

The primary sector accounts for a larger share of GDP for LDCs than MDCs.

The higher the GDP of a country, the more equal its income distribution.

Workers in MDCs are more productive than those in LDCs.

The HDI is a function of economics, social, and demographic indicators.

Women participate in formal and informal economies even in LDCs with high levels of gender inequality.

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All of the following are considered more developed regions except

North America.

Australia and New Zealand.

Southwest Asia and North Africa.

Europe.

Western Europe.

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