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15 Cards in this Set
- Front
- Back
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If a nation has normal trade relations status, then exports from that country
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Are taxed at the same rate as all other nations
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In recent years, many countries have formed customs unions that abolished tariffs and trade restrictions
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The european union
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You are returning from a european vacation and decide to buy some chocolates in the duty free shop. What does duty free mean?
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You pay no age restrictions for purchasing any of the items in the shop
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The primary measure of a country's development is
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Per capita gross domestic product
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A high level of energy consumption indicates
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A high level of industrialization
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The average person in a developed nation
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Is older than the average person in a less developed nation
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"Brain drain"occurs when
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an engineer leaves her LDC to work in a developed nation
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The largest provider of development assistance is
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The World Bank
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all of the following are accurate statements about about IMF stabilization programs EXCEPT that they often
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Have a negative impact on the poor in the first few years
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The most important reason why two countries that have the same GDP can have vastly different standards of living is because of
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Population size
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When compared with LDCs, a higher proportion of people in developed nations are
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Older than 65
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All of the following are accurate statements about the debt problem in LDCs except that
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Debt holders often seize government property when loans are not repaid
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An example of foreign direct investment would be
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A factory that is built in an LDC but owned by a foreign company
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A true statement about the World Bank would be that it
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Raises money on the financial markets and from member nations
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All of the following are associated with moving from a centrally planned economy to a market economy except
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An increase in the role the government plays
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