Compared to Latin America in the 1980s, East Asian countries in the 1990s had
a. higher budget deficits and higher current account deficits
b. lower budget deficits and lower current account deficits
c. higher budget deficits and lower current account deficits
d. lower budget deficits and higher current account deficits
e. similar budget and current account deficits
Question 2 - Absentee landowners characterize the agrarian system of
(a) Asia.
(b) Latin America.
(c) Sub-Saharan Africa.
(d) all of the above.
Question 3 - Discuss the pattern of allocation of foreign aid by members of the Development Assistance Committee (DAC) to developing countries in recent years. What are the priorities of the DAC members in allocating foreign aid among recipients?
What will be an ideal response?
Question 4 - Behavior of investors who simply follow the market is
a. contagion
b. herding
c. hedging
d. pegging
e. none of the above
Question 5 - The system of land tenure in which tenant farmers pay a fixed share of their crop to landowners is called
(a) communal farming.
(b) collective farming.
(c) latifundio-minifundio system.
(d) sharecropping.
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