Macroeconomics for Today (MindTap Course List)
9th Edition
ISBN: 9781305507142
Author: Irvin B. Tucker
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 20, Problem 6SQ
To determine
Less-developed countries (LDCs).
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Kenya is ________ country.
a) developed
b) developing
c) Underdeveloped
please help with a, b, and c for countries a and b
Refer to the graph. According to the economic concept of catch-up, which of the following
is CORRECT?
A. Richer countries should grow more quickly and will be at point B.
B. Richer countries should grow more slowly and will be at point A.
C. Poorer countries should grow more quickly and will be at point A.
D. Poorer countries should grow more slowly and will be at point B.
G
Growth in real GDP per capita
A
Catch-up line
B
Initial level of real GDP per capita
Chapter 20 Solutions
Macroeconomics for Today (MindTap Course List)
Ch. 20.2 - Prob. 1GECh. 20 - Prob. 1SQPCh. 20 - Prob. 2SQPCh. 20 - Prob. 3SQPCh. 20 - Prob. 4SQPCh. 20 - Prob. 5SQPCh. 20 - Prob. 6SQPCh. 20 - Prob. 7SQPCh. 20 - Prob. 8SQPCh. 20 - Prob. 9SQP
Ch. 20 - Prob. 10SQPCh. 20 - Prob. 11SQPCh. 20 - Prob. 12SQPCh. 20 - Prob. 1SQCh. 20 - Prob. 2SQCh. 20 - Prob. 3SQCh. 20 - Prob. 4SQCh. 20 - Prob. 5SQCh. 20 - Prob. 6SQCh. 20 - Prob. 7SQCh. 20 - Prob. 8SQCh. 20 - Prob. 9SQCh. 20 - Prob. 10SQCh. 20 - Prob. 11SQCh. 20 - Prob. 12SQCh. 20 - Prob. 13SQCh. 20 - Prob. 14SQCh. 20 - Prob. 15SQCh. 20 - Prob. 16SQCh. 20 - Prob. 17SQCh. 20 - Prob. 18SQCh. 20 - Prob. 19SQCh. 20 - Prob. 20SQ
Knowledge Booster
Similar questions
- Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign (a. portfolio, b. direct) investment in Argentina. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. a. Protecting property rights and enforcing contracts b. Imposing restrictions on foreign ownership of domestic capital c. Providing tax breaks and patents for firms that pursue research and development in health and sciences d. Increasing taxes on income from savings What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best known for suggesting? a. Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal justice systems b. Improvements in technology from the incentives…arrow_forwardSuppose Yamahonda, a Japanese-owned motorcycle manufacturer, builds a production plant in Alabama. This is an example of foreign investment in the United States. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research envelopment in health and sciences. Protecting property rights and enforce contracts. Increasing taxes on income from savings Imposing restrictions on foreign ownership of domestic capital. What is a significant factor in long-run economic growth that Robert Fogel, an economic historian, is best Known for suggesting? Improvements in the protection of property and enforcement of contracts through the maturation of the civil and criminal Justice systems Improvements in technology from the incentives created by a better patent system Improvements in worker health from better nutrition Inward oriented policies that protest…arrow_forwardFalse or True The living standards of nations with low real GDPs per capita today will always be lower than those of those with high real GDPs per capita.arrow_forward
- Economic development is unsuccessful to stabilize population growth in LDCs because of certain reasons, and one of these is ________. a. Population decline due to reduced birth rate is negated by the large numbers of immigrants. b. Exploding population has negated any positive effect of economic development. c. Economic supply has increased quality of life but not population control. d. Additional resources allow families to support several children.arrow_forwardb) Why do countries promote regional economic integration and growth?arrow_forwardScenario: Country A has one of the highest real GDP while Country B has one of the highest real GDP per capita in the world respectively. Question - What does this tell us, about the well-being of the residents of Country A and B? Give an example of a country to support your answer.arrow_forward
- what is the importance of Foreign direct investment (FDI) to an agriculture-producing country what are some of the macroenvironmental factors that can affect the lucrativeness of the an agriculture-producing country to foreign investors what are some challenges that investors face in doing business in an agriculture-producing country what are some possible strategies that can be used to make an agriculture-producing country attractive to foreign investors.arrow_forwardThe primary focus of development strategy during the 1950's , after the war is to rebuild nations among LDC through international trading meaning * A. Reduction in unemployment, B. Increase in literacy C. Increase in GNP D. Increase in human capitalarrow_forwardSuppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to build a new office complex. This is an example of foreign_____________investment in Argentina. Which of the following policies are consistent with the goal of increasing productivity and growth in developing countries? Check all that apply. Providing tax breaks and patents for firms that pursue research and development in health and sciences Imposing restrictions on foreign ownership of domestic capital Protecting property rights and enforcing contracts Increasing taxes on income from savings Which of the following are possible outcomes of rapid population growth? A reduction in human capital per worker A reduction in capital per worker An increase in technological knowledge All of the abovearrow_forward
- The productivity growth rates of poorer countries tend to be _____ than those of richer countries. Higher Lower increasing slower decreasing fasterarrow_forwardDifferences in which of these variables do NOT prevent countries from converging to the same steady state? saving rate depreciation rate O population growth rate initial capital stock per workerarrow_forwardLess developed nations are dominated by primary industries with low value-added, and they have difficulty to generate wealth and investment a. True b. Falsearrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Macroeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506756Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Macroeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning