
G3-4: Classic Theories of Development
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Business
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Hard
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
a set of ideas that explained how the right quantity and mixture of savings, investment, and foreign aid were all necessary to enable developing nations to proceed along an economic growth path that the more developed countries had historically followed
2.
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1 min • 1 pt
What are the four Classic Theories of Economic Development?
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to theories of Rostow, Harrod and Domar, among many others, savings are a sufficient foundation for development and growth. In other words, an economy that saves will grow, and if it grows, it must develop. National income is a major factor in determining aggregate savings, therefore low income will prevent savings from expanding.
LINEAR-STAGES-OF-GROWTH THEORY
THEORIES AND PATTERNS OF
STRUCTURAL CHANGE
THE INTERNATIONALDEPENDENCE
REVOLUTION
NEOCLASSICAL, FREE-MARKET
COUNTER-REVOLUTION
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Focuses on the mechanism by which underdeveloped economies transform their domestic economic structures from a heavy emphasis on traditional subsistence agriculture to a more modern, more urbanized, and more industrially diverse manufacturing and service economy.
LINEAR-STAGES-OF-GROWTH THEORY
THEORIES AND PATTERNS OF
STRUCTURAL CHANGE/STRUCTURAL CHANGE THEORY
THE INTERNATIONALDEPENDENCE
REVOLUTION
NEOCLASSICAL, FREE-MARKET
COUNTER-REVOLUTION
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Two models of Linear-stages-of-growth theory
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
passed the stage of "takeoff into self-sustaining growth"
Advanced countries
Underdeveloped countries
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
possibly in either the "traditional society" or "pre-condition stage", only follow a certain set of rules of development.
Advanced countries
Underdeveloped countries
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