The number of units of developing country currency

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12. The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by a. GNI price deflator. b. Human Development Index ranking. c. purchasing power parity. d. the exchange rate. Answer: C
13. Which of the following is not a policy proposal of the neoclassical counter-revolution school?
14. Which of the following is an assumption of the Lewis two-sector model?
15. The false paradigm model attributes lack of development to
16. Which of the following is a criticism of the neoclassical counter- revolution school’s approach? (a) markets are not competitive in developing countries. (b) externalities are common in developing countries. (c) inequality may worsen when interventions are removed in developing countries. (d) all of the above. Answer: D
17. Which of the following approaches does not offer an international dependence explanation of underdevelopment?
18. The neoclassical counter-revolution school supports C
19. On which of the following does the neoclassical counter-revolution school most blame underdevelopment?
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Page 5 of 6 (d) unfair trade practices on the part of developed countries Answer: A

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