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Development Test #1.docx - ECON 213 Development Test #1 I....

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ECON 213 Development Test #1I. Multiple Choice (5 pts each)1.Which of the following demonstrates international interdependence?a.the oil shocksb.the debt crisisc.global warmingd.all of the above.
2.Conditions of today’s more developed countries at the start of their industrializationdiffer from conditions in the less developed world in that
3.Which of the following is an assumption of the Lewis two-sector model?
4.A situation in which government intervention in the economy worsens the economicoutcome is termed
5.A situation where people are unable to meet their minimum levels of income, food,clothing, and other essentials is called
ECON 213 Development Test #1a.brain drainb.subsistencec.absolute povertyd.sustenance
II. Short Answer (10 pts. each; 100 words max.)6. What is “brain drain”? How does it impact low-income countries?
7. What is the link between colonialism and contemporary poverty?
ECON 213 Development Test #1

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