G3-4: Classic Theories of Development

G3-4: Classic Theories of Development

University

25 Qs

quiz-placeholder

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G3-4: Classic Theories of Development

G3-4: Classic Theories of Development

Assessment

Quiz

Business

University

Hard

Created by

WinWin WinWin

Used 8+ times

FREE Resource

25 questions

Show all answers

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.

FILL IN THE BLANK QUESTION

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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