Deck 56: Development

Question 1

Whats defention of terms:
-less developed economies

Answer 1

economies that have not industrialized

Question 2

Whats defention of terms:
-national surplus

Answer 2

the flows of profit produced by underdeveloped, neocolonial countries for the benefit of global corporations as well as members of the local ruling class

Question 3

Whats defention of terms:
-neocolonial or neocolonialism

Answer 3

characterizes a country where there is no military occupation, but the government is dominated by a foreign power and the economy is exploited by foreign powers; for example, even after the United States had formal independence and no occupying troops, its economic relationship to England remained similar to a colonial one

Question 4

Whats defention of terms:
-Militarism

Question 5

Compare and contrast characteristics of developed and less developed countries.
-What are measures used to compare economic outcomes of developed and less developed countries?

Question 6

Compare and contrast characteristics of developed and less developed countries.
-Why is underdevelopment based on several measures instead of just one?

Question 7

Discuss the impacts of colonialism and neocolonialism on less developed countries and ?developed countries.
-Define underdeveloped country, colony, neocolony, and surplus of a country.

Question 8

Discuss the impacts of colonialism and neocolonialism on less developed countries and ?developed countries.
-How do the native elite of underdeveloped countries use the surplus?

Question 9

Describe and discuss the various obstacles to development.
-What are the roles played by trade, investment, and finance in extracting the surplus from an underdeveloped country and sending it abroad?

Question 10

Describe and discuss the various obstacles to development.
-What are some obstacles to development? Describe how the obstacles impact some of the specific measures discussed in questions 1 and 2.

Question 11

Compare and contrast the benefits and costs of militarism.
-Does the average American have a net benefit or a net loss from wars conducted to hold neocolonies?

Question 12

Compare and contrast the benefits and costs of militarism.
-Do any corporations benefit directly or indirectly from such wars?

Question 13

The region of the world with the lowest per capita Gross National income in 2005 was

A) Latin America and the Caribbean
B) Middle East and North Africa
C) East Asia and Pacific
D) South Asia

Question 14

Excluding China, the second most populous country in the group, "East Asia and Pacific," is

A) Indonesia
B) Japan
C) Vietnam
D) Philippines

Question 15

Excluding India, the two most populous countries in the group, "South Asia," are

A) Pakistan and Bangladesh
B) Afghanistan and Pakistan
C) Sri Lanka and Nepal
D) Afghanistan and Bangladesh

Question 16

The two most populous countries in the group, "Middle East and North Africa," are

A) Iraq and Iran
B) Iran and Egypt
C) Egypt and Morocco
D) Iraq and Israel

Question 17

The most populous country in the group, "Sub-Saharan Africa," is

A) Nigeria
B) Ethiopia
C) Democratic Republic of the Congo
D) Tanzania

Question 18

Excluding Brazil, the two most populous countries in the group, "Latin America and the Caribbean" are

A) Mexico and Colombia
B) Colombia and Argentina
C) Argentina and Peru
D) Peru and Venezuela

Question 19

"Colonialism" refers to a process in which

A) a country endured military occupation, political domination and economic exploitation by another country.
B) a country endured political domination and economic exploitation by another country.
C) a country endured economic exploitation by another country.
D) a country entered into an alliance with another country

Question 20

"Neocolonialism" refers to a process in which

A) a country endured military occupation, political domination and economic exploitation by another country.
B) a country endured political domination and economic exploitation by another country.
C) a country endured economic exploitation by another country.
D) a country entered into an alliance with another country

Question 21

The peak period of colonialism occurred

A) during the 14^th century.
B) between 1790 and the US Civil War.
C) between 1890 and World War II.
D) between World War II and the Vietnam War

Question 22

A colonial economic pattern is characterized by

A) import of raw materials and export of manufactured goods.
B) import of manufactured goods and export of raw materials.
C) little or no international trade.
D) import of raw materials and export of food.

Question 23

The "national surplus" is defined as

A) amount of the national product that remains unsold at the end of the year
B) the difference between total government revenues and government expenditures.
C) the difference between exports and imports.
D) the difference between the total national product and the minimum necessary to sustain the population.

Question 24

Progressives argue that the national surplus in less developed countries is

A) used primarily for large infrastructure projects such as roads and hydroelectric dams.
B) absorbed by the local elite for entrepreneurial activities in the domestic economy.
C) absorbed by the local elite for nonproductive purposes such as conspicuous consumption.
D) used by foreign corporations to develop industries and provide employment for the local population.

Question 25

Conservatives argue that underdevelopment is caused primarily by

A) the misguided policies of international organizations such as the International Monetary Fund and the World Bank.
B) irresponsible actions of transnational corporations.
C) corrupt and inept actions taken by the governments of less developed countries.
D) lack of sufficient population growth.

Question 26

A crucial problem for some less developed countries is debt consisting of

A) loans by international organizations such as the United Nations and the International Monetary Fund to governments of less developed countries.
B) loans by banks in advanced countries to governments of less developed countries.
C) increasing credit card and other short term debt among consumers in less developed countries.
D) loans by governments of advanced countries to governments of less developed countries.

Question 27

In the 60 years since the end of World War II, the gap between average incomes in less developed countries and average income in the advanced countries has

A) remained about the same.
B) increased.
C) decreased.
D) disappeared.

Question 28

Real GDP per capita has been criticized as an indicator of economic development because

A) it does not account for size of population.
B) it does not account for income distribution.
C) it does not account for consumer spending.
D) it does not account for inflation.

Question 29

Why is there so little domestic production of goods for the population in many less developed countries?

A) because the majority of the many less developed countries would rather purchase imported goods.
B) because there is a shortage of labor available to work in factories in many less developed countries.
C) because the majority of the population does not have the income to purchase many manufactured goods.
D) because the International Monetary Fund requires many developed countries to increase their imports.

Question 30

Since the 1970s, how has globalization affected Latin America?

A) foreign investment in this region has remained approximately the same. .
B) there has been a significant increase in foreign investment.
C) there has been a significant decrease in foreign investment.
D) foreign investment has been prohibited in most Latin American countries.

Question 31

Aside from military industries, how do most global corporations fare during wartime?

A) most global corporations make higher profits during wartime.
B) most global corporations make higher profits during peacetime.
C) war has no impact on the profits of most global corporations.
D) most global corporations make no profit at all during wartime.

Question 32

What is the economic impact of war on the economy?

A) increased military spending creates jobs in the short run, but reduces economic growth in the long run.
B) increased military spending creates jobs in the short run and in the long run.
C) increased military spending reduces economic growth in the short run, but increases economic growth in the long run.
D) increased military spending reduced economic growth in the short run and in the long run.