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  16. Since the year 2000, economic performance in sub-Saharan Africa has improved; this can be attributed to all of the following reasons EXCEPT for: a. improved economic policies and management. b. more democratic and accountable governments. c. a return to state-directed economic policies. d. new technologies. 17. According to economists, the objective of economic growth.

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  •   16. Since the year 2000, economic performance in sub-Saharan Africa
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  11. By the World Bank’s classification system, Malaysia, Iran, and Brazil are: a. low-income countries. c. industrial economies. b. upper-middle-income countries. d. backward economies. 12. According to Simon Kuznets, the key characteristic of the epoch of modern economic growth is: a. expansion of heavy industry. b. a rapid decline in population growth rates. c. high rates.

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  •   11. By the World Bank’s classification system, Malaysia, Iran, and
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  11. Expanded production of primary products can stimulate ________ by making lower-cost primary goods available as inputs to other industries. a. backward linkages c. horizontal linkages b. forward linkages d. vertical linkages 12. Tariff escalation makes it harder for developing nations to move up the value-added ladder by imposing higher tariffs on imports.

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  •   11. Expanded production of primary products can stimulate ________ by
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  11. Since the 1980s, the growth rate of yields in the world’s major cereal crops has: a. trended steadily upward. b. been mostly consistent and remained the same over the past 30 years. c. trended strongly downward. d. fluctuated radically because of the objectives of different governmental policies around the world. 12. The food policy.

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  •   11. Since the 1980s, the growth rate of yields in
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  6. Kuznets speculated on the relationship between growth and inequality, arguing that inequality rose when: a. industrialization and urbanization rose. b. everyone remained in the agriculture sector. c. service sector jobs reigned supreme as a model for job expansion. d. people failed to live by the premise found within It Takes a Village. 7. According.

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  •   6. Kuznets speculated the relationship between growth and inequality, arguing
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  6. Gary Becker’s pioneering work was actually directed at: a. understanding the impact of HIV/AIDS on Africa. b. understanding the impact of the cold war on population momentum. c. understanding declining fertility levels in the United States and other high-income economies. d. understanding the impact of religious beliefs on population growth. 7. Most analysts still.

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  •   6. Gary Becker’s pioneering work was actually directed at: a. understanding
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  11. The Fei-Ranis model can be used to explore the implications of: a. population growth and a rise in agricultural productivity. b. enclosure movements and the rise of urban laborers. c. becoming a resource exporting country. d. using barter as the primary method of exchanging goods. 12. The neoclassical two-sector model was developed and formalized.

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  •   11. The Fei-Ranis model can be used to explore the
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  11. One of the problems of the Harrod-Domar framework is that its fixed-proportion production function does not allow for any: a. population growth. c. endogenous technical change. b. substitution between labor and capital. d. depreciation. 12. From 1999–2007, Thailand’s economy experienced an annual growth rate of: a. 2.1 percent. c. 4.7 percent. b. 3.9 percent..

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  •   11. One of the problems of the Harrod-Domar framework that
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1. What was GATT? a. an international organization that oversaw multilateral trade negotiations and tariff policies b. a voluntary export-restriction agreement governing international trade in textiles c. a free-trade area in southeast Asia d. an Eastern European trading bloc that disbanded in the early 1990s 2. The essence of outward-looking development is that it: a. relies.

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  • 1. What was GATT? a. an international organization that oversaw multilateral
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  6. The argument that the proportion of income spent on food declines as income rises is known as: a. Say’s Law. c. Engel’s law. b. the Malthusian trap. d. health consciousness. 7. ___________ is the systematic changes in sector proportions as economies grow. a. Structural transformation c. Developmental devolution b. Technical innovation d. Unit-elastic supply 8..

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  •   6. The argument that the proportion of income spent food
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  11. A small subsidy to the poorest of the poor will leave which of the following unchanged? a. headcount index c. income distribution b. poverty gap d. none of the above 12. Major components of the Washington Consensus are: a. macroeconomic stability and economic openness. b. the promotion of peace and justice. c. exploiting the agricultural.

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  •   11. A small subsidy to the poorest of the poor
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  16. An unexpected feature of Chile’s stabilization program in the 1970s was that: a. export growth was weak after the real exchange rate appreciated. b. the economy stabilized without requiring fiscal austerity. c. the market’s self-correcting mechanisms worked smoothly and quickly to eliminate the imbalances. d. inflation stayed high despite tight monetary policy and.

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  •   16. An unexpected feature of Chile’s stabilization program in the
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