The big-push theory argues that coordination failures may arise because of
a. pecuniary externalities.
b. technological externalities.
c. lack of human capital.
d. all of the above.
Question 2 - How did changes in world interest rates contribute to the explosion of debt in the 1970s? What happened in the early 1980s to reverse this?
What will be an ideal response?
Question 3 - Which of the following was not a factor contributing to the debt crisis in Latin America?
(a) The oil shocks.
(b) Trade liberalization in many developing countries.
(c) An increase in global interest rates.
(d) A lack of investment opportunities in the developed countries.
(e) All of the above.
Question 4 - Compared to men, women in developing countries
a. receive less education, are less fully employed, and do not live as long
b. receive more education, are less fully employed, and live longer
c. receive less education, are less fully employed, and live longer
d. receive less education, are more fully employed, and live longer
e. none of the above