Question 1

What was a consequence of Milton Friedman's market principles for the Global South?

Accepted Answer

A)   Because of these principles,markets in these economies saw unprecedented growth.
B)   The gap between the rich and the poor in the developing world decreased significantly.
C)   Major capital projects commenced,such as the building of dams for hydroelectric power.
D)   Interest on loans made to these countries soared beyond their ability to pay.E) B) and D)
F) A) and B)

Question 2

Which event after the 1500s resulted in dire consequences for the ongoing development of West Africa?

Accepted Answer

A)   Industrial Revolution
B)   end of the dark ages
C)   Scientific Revolution
D)   transatlantic slave tradeE) B) and C)
F) None of the above

Question 3

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the Global South.

Accepted Answer

A) True 
 B)False

Question 4

What long-term effect did slavery have on the economies of the European countries and the United States?

Accepted Answer

A)   Slavery formed the basis of the multiethnic modern world of the leading democracies.
B)   Tensions existed in these countries between those who were for and against slavery.
C)   Slavery enabled the accumulation of capital that later fuelled economic development.
D)   Slavery slowed the growth of technology because manual labour was so inexpensive.E) A) and B)
F) A) and C)

Question 5

Which country stepped in to help once it became politically impossible for the United States to provide military aid,training,and support for Guatemala and its pro-American regime?

Accepted Answer

A)   China
B)   Israel
C)   Russia
D)   GermanyE) A) and B)
F) None of the above

Question 6

Which countries would neoliberals use as proof that their principles for development work?

Accepted Answer

A)   Paraguay and Chile
B)   Mexico and India
C)   Brazil and Bolivia
D)   Venezuela and UruguayE) B) and C)
F) A) and C)

Question 7

Milton Friedman's economic ideas greatly impacted neoliberal policies of development.

Accepted Answer

A) True 
 B)False

Question 8

Country X is a newly industrializing country in the era of globalization and transnational trade.Whose economic approach should government mirror in order to stimulate the economy and benefit the citizens?

Accepted Answer

A)   Keynes
B)   Marx
C)   Friedman
D)   IMFE) A) and B)
F) A) and C)

Question 9

The government of Country X is fighting a popular rebellion against the president's oppressive policies.The United States is sending military aid to the government because of its economic interests in Country X.According to the text,how could this situation influence development in the country?

Accepted Answer

A)   Military aid accelerates it because peace is needed for economic development.
B)   Military aid stifles it because war takes attention away from economic development.
C)   Military aid has no effect on economic development.
D)   Military aid offers only marginal assistance for economic development.E) A) and D)
F) B) and C)

Question 10

List the early historical factors that drastically impeded the Global South's ability to develop in the modern era.

Accepted Answer

Colonizati...

Question 11

In England,the "mercantilist" system relied on protected markets and trade monopolies within them.

Accepted Answer

A) True 
 B)False

Question 12

The "Asian Tigers" (South Korea,Taiwan,and Singapore) have experienced rapid growth and industrialization in recent decades.Which statement best explains their successful development?

Accepted Answer

A)   They followed neoliberal policies.
B)   They established large export-processing zones.
C)   They had strict,state-led,economic regulation of capitalism.
D)   They were not all that different from Western industrialized countries.E) B) and C)
F) A) and B)

Question 13

Paulo lives in Venezuela and is going to vote in the federal election today.What stance on economic policies is his candidate likely to have?

Accepted Answer

A)   The candidate will support neoliberalism.
B)   The candidate will oppose neoliberalism.
C)   The candidate will promote free trade agreements.
D)   The candidate will encourage increased borrowing from the World Bank.E) None of the above
F) B) and C)

Question 14

What consequence did the countries in the Global South experience as a result of international lending agencies imposing SAPs?

Accepted Answer

A)   an economic growth increase of approximately 2.5 percent per year between 1980 and 1998
B)   an economic growth increase of approximately 5 percent per year between 1980 and 1998
C)   no economic growth between 1980 and 1998
D)   negative economic growth between 1980 and 1998E) B) and C)
F) A) and D)

Question 15

Alberto Santos is a Brazilian citizen and has witnessed the impact of neoliberal policies in his country.When asked to describe what position the citizens have adopted,which of the following would he reply?

Accepted Answer

A)   They are advocating for a return to traditional production methods.
B)   They have been electing left-wing governments.
C)   They are in favour of borrowing more money from the IMF due to low interest on these loans.
D)   They are starting a new movement focused on deindustrializing.E) B) and D)
F) C) and D)

Question 16

A factory in Country X purchases raw materials from Country Y to make its product.Profits will be reinvested in the factory,increasing production and profits in Country X.Country Y will never make enough profits from the sale of materials to build its own factory.What theory could be used to explain the relationship that has developed between countries X and Y?

Accepted Answer

A)   capitalist
B)   modernization
C)   dependency
D)   underdevelopmentE) A) and B)
F) B) and C)

Question 17

Review both neoliberal development strategies and Keynesian economic strategies.Then form a synthesis of both to propose your own theory of development.

Accepted Answer

Neoliberal development strategies and Ke...

Question 18

Which of the following is part of the neoliberal prescription of the Washington consensus?

Accepted Answer

A)   austerity,privatization,and market liberalization
B)   imposing controls over trade and currency exchanges
C)   spending,nationalization,and market regulation
D)   increasing government spendingE) A) and B)
F) C) and D)

Question 19

How have countries such as Argentina,Ecuador,Venezuela,Bolivia,and Brazil worked on their economic development goals?

Accepted Answer

A)   by following neoliberalist policies and planning
B)   by creating free markets with little or no regulation
C)   by assisting landless peasants and the rural poor
D)   by relying heavily on the World Bank and the IMFE) A) and B)
F) C) and D)

Question 20

What is the Washington consensus?

Accepted Answer

Collective view of Internation...

Exam 10: Development and Underdevelopment

Alberto Santos is a Brazilian citizen and has witnessed the impact of neoliberal policies in his country.When asked to describe what position the citizens have adopted,which of the following would he reply?

Correct Answer
verified

Which country stepped in to help once it became politically impossible for the United States to provide military aid,training,and support for Guatemala and its pro-American regime?

Correct Answer
verified

Milton Friedman's economic ideas greatly impacted neoliberal policies of development.

Correct Answer
verified

What consequence did the countries in the Global South experience as a result of international lending agencies imposing SAPs?

Correct Answer
verified

Country X is a newly industrializing country in the era of globalization and transnational trade.Whose economic approach should government mirror in order to stimulate the economy and benefit the citizens?

Correct Answer
verified

How have countries such as Argentina,Ecuador,Venezuela,Bolivia,and Brazil worked on their economic development goals?

Correct Answer
verified

Which event after the 1500s resulted in dire consequences for the ongoing development of West Africa?

Correct Answer
verified

List the early historical factors that drastically impeded the Global South's ability to develop in the modern era.

Correct Answer
verified
Colonizati...
View Answer

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the Global South.

Correct Answer
verified

What long-term effect did slavery have on the economies of the European countries and the United States?

Correct Answer
verified

What was a consequence of Milton Friedman's market principles for the Global South?

Correct Answer
verified

The government of Country X is fighting a popular rebellion against the president's oppressive policies.The United States is sending military aid to the government because of its economic interests in Country X.According to the text,how could this situation influence development in the country?

Correct Answer
verified

Review both neoliberal development strategies and Keynesian economic strategies.Then form a synthesis of both to propose your own theory of development.

Correct Answer
Answered by ExamLex AI
Neoliberal development strategies and Ke...
View Answer

Which of the following is part of the neoliberal prescription of the Washington consensus?

Correct Answer
verified

The "Asian Tigers" (South Korea,Taiwan,and Singapore) have experienced rapid growth and industrialization in recent decades.Which statement best explains their successful development?

Correct Answer
verified

What is the Washington consensus?

Correct Answer
verified
Collective view of Internation...
View Answer

Paulo lives in Venezuela and is going to vote in the federal election today.What stance on economic policies is his candidate likely to have?

Correct Answer
verified

Correct Answer
verified

In England,the "mercantilist" system relied on protected markets and trade monopolies within them.

Correct Answer
verified

Which countries would neoliberals use as proof that their principles for development work?

Correct Answer
verified

Exam 10: Development and Underdevelopment

Alberto Santos is a Brazilian citizen and has witnessed the impact of neoliberal policies in his country.When asked to describe what position the citizens have adopted,which of the following would he reply?

Correct AnswerverifiedShow Answer

Which country stepped in to help once it became politically impossible for the United States to provide military aid,training,and support for Guatemala and its pro-American regime?

Correct AnswerverifiedShow Answer

Milton Friedman's economic ideas greatly impacted neoliberal policies of development.

Correct AnswerverifiedShow Answer

What consequence did the countries in the Global South experience as a result of international lending agencies imposing SAPs?

Correct AnswerverifiedShow Answer

Country X is a newly industrializing country in the era of globalization and transnational trade.Whose economic approach should government mirror in order to stimulate the economy and benefit the citizens?

Correct AnswerverifiedShow Answer

How have countries such as Argentina,Ecuador,Venezuela,Bolivia,and Brazil worked on their economic development goals?

Correct AnswerverifiedShow Answer

Which event after the 1500s resulted in dire consequences for the ongoing development of West Africa?

Correct AnswerverifiedShow Answer

List the early historical factors that drastically impeded the Global South's ability to develop in the modern era.

Correct AnswerverifiedColonizati...View AnswerShow Answer

Dependency theory shows how European colonizing powers blocked the emergence of industrial capitalism in the Global South.

Correct AnswerverifiedShow Answer

What long-term effect did slavery have on the economies of the European countries and the United States?

Correct AnswerverifiedShow Answer

What was a consequence of Milton Friedman's market principles for the Global South?

Correct AnswerverifiedShow Answer

The government of Country X is fighting a popular rebellion against the president's oppressive policies.The United States is sending military aid to the government because of its economic interests in Country X.According to the text,how could this situation influence development in the country?

Correct AnswerverifiedShow Answer

Review both neoliberal development strategies and Keynesian economic strategies.Then form a synthesis of both to propose your own theory of development.

Correct AnswerAnswered by ExamLex AINeoliberal development strategies and Ke...View AnswerShow Answer

Which of the following is part of the neoliberal prescription of the Washington consensus?

Correct AnswerverifiedShow Answer

The "Asian Tigers" (South Korea,Taiwan,and Singapore) have experienced rapid growth and industrialization in recent decades.Which statement best explains their successful development?

Correct AnswerverifiedShow Answer

What is the Washington consensus?

Correct AnswerverifiedCollective view of Internation...View AnswerShow Answer

Paulo lives in Venezuela and is going to vote in the federal election today.What stance on economic policies is his candidate likely to have?

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

In England,the "mercantilist" system relied on protected markets and trade monopolies within them.

Correct AnswerverifiedShow Answer

Which countries would neoliberals use as proof that their principles for development work?

Correct AnswerverifiedShow Answer

Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Colonizati...
View Answer

Correct Answer
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Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
Answered by ExamLex AI
Neoliberal development strategies and Ke...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
Collective view of Internation...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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