Economic Development

Question 1

How might foreign investment be problematic for a transitioning economy?

Revolt · Accepted Answer

It may be difficult to adjust to another nation’s influence.

Question 2

A country with a ________ economy generally has a high standard of living.

Revolt · Accepted Answer

developed

Question 3

One factor that indicates a developed economy's standard of living is its

Revolt · Accepted Answer

high levels of education.

Question 4

In a transitioning economy, what is a downside of rapid economic growth?

Revolt · Accepted Answer

Rapid economic growth can be difficult to regulate.

Question 5

One sign of transition to a mixed-market economy is the establishment of

Revolt · Accepted Answer

a fair labor market.

Question 6

Why are environmental problems common in developing countries?

Revolt · Accepted Answer

Developing countries often specialize in manufacturing and providing raw materials, which can seriously harm the environment.

Question 7

What does the International Monetary Fund (IMF) seek to accomplish for developing countries?

Revolt · Accepted Answer

The IMF provides economic advice and loans to developing countries.

Economic Development Answers