Explain how the absolute per capita income gap between rich and poor nations might increase, even though per capita income (or output) is growing faster in DVCs than in IACs.

Why is the issue of commodity price stability important to developing nations?

What is the primary objective of the World Bank? A. Promoting international trade agreements B. Providing grants to developing countries C. Reducing income inequality in developed nations D. Financing infrastructure projects in developing countries

What is the relationship between product differentiation and intraindustry trade? Why would intraindustry trade occur between developed and developing countries?

A person's social success   is the same for everyone everywhere   can be achieved at a global level only   is dependent upon one's personal decisions   is dependent upon personal decisions, cooperation, responsibility, and integrity

In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self-esteem. Is it possible that there could be growth of per capita income without the achievement of these other objectives?