Factors Influencing Growth and Development (Edexcel A-Level Economics A): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What role does economic growth play in development?
What role does economic growth play in development?
Provides resources for basic needs
How do insecure property rights affect agricultural productivity in developing countries?
How do insecure property rights affect agricultural productivity in developing countries?
Reduce incentives to invest in land
According to the Prebisch-Singer hypothesis, why do primary product prices decline relative to manufactures?
According to the Prebisch-Singer hypothesis, why do primary product prices decline relative to manufactures?
Low income elasticity of demand
What characterises the low-level equilibrium trap?
What characterises the low-level equilibrium trap?
Low income leads to low savings cycle
In the Harrod-Domar model, if and desired growth is 5%, what saving ratio is needed?
In the Harrod-Domar model, if and desired growth is 5%, what saving ratio is needed?
15%
What is a savings gap?
What is a savings gap?
Insufficient savings for investment
Why might low interest rates harm investment in developing countries?
Why might low interest rates harm investment in developing countries?
Little incentive to save
What percentage of people in low-income countries had a bank account in 2017?
What percentage of people in low-income countries had a bank account in 2017?
35%
What is a foreign currency gap?
What is a foreign currency gap?
Unable to import due to forex shortage
What is a key downside of foreign direct investment for developing countries?
What is a key downside of foreign direct investment for developing countries?
Profits are repatriated abroad