Economics Principles & Practices

Chapter 19: Developing Countries

Self-Check Quizzes

1
Countries whose average per capita GNP is a fraction of that in more industrialized countries are called ____________ countries.
A)developing
B)fractal
C)first world
D)second world
2
The population of most developing countries grows at a rate _________ the populations of industrialized countries.
A)much faster than
B)equal to
C)slower than
D)much slower than
3
The divisions of the _________ provide advice, interest-free loans to developing countries, and guarantees to foreign investors.
A)International Reserve
B)International Monetary Fund
C)United Nations
D)World Bank Group
4
A country in _________ often has no monetary system and may not be economically motivated.
A)transition
B)semi-development
C)takeoff
D)primitive equilibrium
5
The World Bank Group recommends that industrialized countries develop __________ policies that reduce budget deficits, stabilize inflation, lower interest rates, and stabilize currency fluctuations.
A)macroeconomic
B)microeconomic
C)comparative advantage
D)international
6
To generate internal funds or savings, an economy must __________ more than it _________.
A)produce, exports
B)import, consumes
C)consume, produces
D)produce, consumes
7
A country can get external financial assistance by ____________.
A)producing more than it consumes
B)creating savings, borrowing from international agencies, and accepting assistance from industrialized countries
C)borrowing from international agencies, accepting assistance from industrialized countries, and attracting foreign private investment
D)attracting foreign private investments, creating savings, and increasing financial capital
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