In contrast to the earlier neoclassical models of economic growth, in endogenous growth models, there is more emphasis on
a. human capital.
b. externalities.
c. increasing returns to scale.
d. all of the above.
Question 2 - The bargaining power of an LDC government in negotiating with a TNC is greatest when
a. it has large amounts of labor available
b. it has a large market for a product
c. it has a resource that few other countries have
d. it can offer large tax breaks
e. none of the above
Question 3 - Educating girls helps
a. reduce fertility rates
b. improve the health of children
c. increase pressure on government to create jobs
d. promote equal participation in development
e. all of the above
Question 4 - If the supply of loanable funds increases, what is the result for the equilibrium of the loanable funds market?
A) A surplus of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds.
B) A surplus of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds.
C) A shortage of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds.
D) A shortage of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds.
Question 5 - What are the implications for a successful agricultural development strategy of the finding that women perform 60 to 90 of all work in the traditional rural areas?
What will be an ideal response?
Question 6 - The flow of private foreign investment and grants and loans is included in a country's
(a) current account.
(b) capital account.
(c) cash account.
(d) none of the above.
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