A. resource scarcity
B. low levels of investment
C. low population
D. poor infrastructure
E. poor human capital
Related Mcqs:
- In 2003, the UN Development Program estimated that a 1-percent LDC per capita consumption growth, with income inequality unchanging, would reduce the poverty percentage by _________ percent yearly?
A. 0
B. 2
C. 6
D. 0.5 - Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?
A. dirigiste
B. Keynesian
C. Commanding heights
D. soft budget - Which of the following country was not a major LDC debtor in 2001 ?
A. Brazil
B. Argentina
C. Thailand
D. Malaysia - Which of the following is not a major factor raising LDC agricultural labor productivity ?
A. new biological chemical mechanical inputs in production
B. new technical and organizational knowledge from greater specialization
C. expanded markets for agricultural output
D. massive government intervention - The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?
A. flying geese
B. import substitution
C. export orientation
D. commodity expansion - Time lags which often erode effectiveness of monetary and fiscal policy measures represent ?
A. delays in the response of the economy is stabilization policy
B. the foreign response to price changes
C. the change in exports and imports prices
D. the change in exchange rates - International trade in goods and services is sometimes used as a substitute for all of the following except ?
A. International movements of capital
B. International movements of labor
C. International movements of technology
D. Domestic production of different goods and services - Major trading partners of the United States including all of the following countries except ?
A. Canada
B. Mexico
C. China
D. North Korea - Recent pressures for protectionism in the United States have been motivated by all of the following except ?
A. U.S firms shipping component production overseas
B. High profit levels for American corporations
C. Sluggish rates of productivity growth in the United States
D. High unemployment rates among America workers - Free traders maintain that an open economy is advantageous is that it provides all of the following except ?
A. Increased competition for world producers
B. A wider selection of products for consumers
C. The utilization of the most efficient production methods
D. Relatively high wages levels for all domestic workers
