Summarize the debate over the interrelationship between inequality and growth. What kinds of inequality are most crucial to the discussion?
What will be an ideal response?
Question 2 - Do you think it is in the material interests of high-income countries to help low-income countries improve their economic performance? Why or why not?
What will be an ideal response?
Question 3 - A price ceiling on maize will likely
a. increase the amount of maize demanded
b. reduce the amount of wheat supplied
c. cause maize to be smuggled outside the country
d. reduce the income of maize farmers
e. all of the above
Question 4 - If you wanted to investigate whether a country was successfully developing, what information would you look for? What qualifications might you have to make to the data you have put together?
What will be an ideal response?
Question 5 - It has been said that underdevelopment is a state of mind. Comment.
What will be an ideal response?
Question 6 - When a farmer uses someone else's land in exchange for a percentage of the crop, this is called
a. rental contract
b. labor contract
c. sharecropping
d. tenancy
e. none of the above
Question 7 - The structural change that accompanies the early stages of development can be characterized as
a. an increased percentage of output in manufacturing at the expense of agriculture and services
b. an increased percentage of output in services at the expense of agriculture and manufacturing
c. an increased percentage of output in agriculture at the expense of manufacturing and services
d. an increased percentage of output in agriculture and manufacturing at the expense of services
e. none of the above
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