Question
True or False only. Please Answer all. 76. Underdevelopment can be fully explained by coordination failure and problem diagnostics failure.* 77. Regardless of the process
True or False only. Please Answer all.
76. Underdevelopment can be fully explained by coordination failure and problem diagnostics failure.*
77. Regardless of the process of development that a nation follows, complementarity of inputs is required.*
78. In some poor countries, underdevelopment tends to perpetuate itself over time despite the onslaught of modern technology.*
79. Urbanization, when centralized, leads to migration to and congestion of centers of development.*
80. Underdevelopment is a point of equilibrium just as development is.*
81. In the process of development, pecuniary interests can be totally avoided.*
82. Technological externalities from advanced countries help in increasing the productivity of firms in developing countries.*
83. Improving infrastructure increases investments and trade in a nation.*
83. Improving infrastructure increases investments and trade in a nation.*
84. The development of a nation is necessarily the function of governments but not necessarily of the individuals or the private sector.*
85. O- Ring Model posits that there are no small tasks in the development process of nations.*
86. Diagnosis of an economic problem reduces the chance of failure in solving it.*
88. Distortions in the wage of workers can be avoided when the labor market is competitive.*
89. Workers can command more value to their work when they develop their comparative advantage.*
90. Minimum wage laws check the problem of purchasing power of income and solve income inequality.*
91. Vertical integration when established well can trigger economic development.*
92. Rural-urban migration can be prevented primarily through provision of free education.*
93. Complementarities are necessary to allow efficient use of resources.*
94. Complementarities require that each important component in an economic undertaking must act together with the other components for their common good.*
95. The educational achievement of workers can bring about income equality but also income inequality.*
96. The middle income trap is a measure of poverty that considers the deprivation of people in terms of health, education and standard of living of people.*
97. Development process in the Philippines that is biased towards the urban areas is always justifiable from the perspective of Development Economics.*
98. Information, communication and coordination between and among government institutions are requisites of successful economic development program implementation.*
99. A super-entrepreneur can solve poverty in any nation.*
100. In the Philippines, binding constraints to development are either man-made or not.*
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started