85% of the world’s population lives in developing countries and receives about _____ of the world’s income?

A. 40%
B. 10%
C. 20%
D. 30%

A policy of developing local industries that can compete with imports is referred to as ?

A. Export promotion
B. Industrial promotion
C. Import substitution
D. Unbalanced growth

The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?

A. The vicious circle of poverty hypothesis
B. The dependency theory
C. Neo-colonialism
D. The under-consumptionist hypothesis

Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?

A. Stress agricultural development over industrial development
B. Promote industrial development over agriculture
C. Use a balanced strategy that promotes both agricultural and industrial development
D. Stress the importation of agricultural products and the export of manufactured goods

Low agricultural productivity in developing countries is mainly caused by ?

A. Shortages of inputs including land
B. An over-investment in farm equipment
C. Migration from rural areas to urban areas
D. A lack of effective demand for food products

In a competitive economy, a worker earns an income equivalent to ?

A. The amount of brain drain
B. Marginal utility
C. Marginal product
D. The substitutability of labor to capital

Gunnar Myrdal argues that a major barrier to high labor productivity is ?

A. Due to a lack of education
B. A class system in which the elite are contemptuous of manual work
C. Upper-and middle-class westerners
D. The lack of bargaining power y cheap labor

Of the 57 million people dying worldwide in 2002, _____ were from stroke and heart disease and ________ from cancer disproportionately from DCs?

A. 17 million, 7 million
B. 7 million, 0.7 million
C. 3 million, 1 million
D. 0.5 million, 5 million

Which of the following is NOT true about child mortality ?

A. About 18 percent of the world’s deaths are among children less than five years old
B. More than 98 percent of child deaths were in ldcs
C. World-wide child mortality rates increased from 1990 to 2002
D. 19 of the 20 countries with the highest child mortality were in africa

Which of the following is Not True about education in LDCs ?

A. Public expenditure per student for higher education is about ten times as high as for primary education
B. The expansion of primary education redistributes benefits from the rich to the poor
C. Economists unanimously agree that ldcs should put greater priority on primary education
D. Boys are sent to schools far more often than girls