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Chapter 19 and 20

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1.
1 point
What are the three stages of economic development?
2.
1 point
Which of the following is a source of financing economic development in developing nations?
3.
1 point
Who owns the factors of production in a Pure Socialist economic system?
4.
1 point
What are the 3 P's of Capitalism?
5.
1 point
The four barriers to growth in developing nations are: Attitudes and Beliefs, Rapid Population growth, excess natural resources and Trade Restrictions.
6.
1 point
When did Russia begin developing a capitalist economic system?
7.
1 point
Weak property rights discourage ______________ .
8.
1 point
What two changes helped China to improve their economic system?
9.
1 point
Which of the following was not a barrier to capitalism in Russia?
10.
1 point
What is the WTO?
11.
1 point
Which of the following countries is considered a welfare State?
12.
1 point
China initially had a command economy based on five year plans. They currently have what type of economic system?
13.
1 point
What are the benefits of capitalism?
14.
1 point
Which of the following are characteristics of a developing economic system? (choose all that apply)
15.
1 point
Nationalization is when railroads, businesses and other industries are placed under _____________________ control
16.
1 point
Who is the founder of Socialism
17.
1 point
The United States is the largest provider of foreign aid to developing countries?
18.
1 point
The four problems of rapid industrialization are unwise investments, rushing development, using appropriate technology and unwise investment.
19.
1 point
What is the role of supply and demand in pure market capitalism?
20.
1 point
Which of the following is not considered a developed nation?
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