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Questions and Answers
Global convergence refers to developing economies growing more rapidly than advanced economies.
Global convergence refers to developing economies growing more rapidly than advanced economies.
True
The concept of productive dualism is specific to developed countries.
The concept of productive dualism is specific to developed countries.
False
Development economics is a branch of neoclassical economics.
Development economics is a branch of neoclassical economics.
False
The goal of development policy is to widen the disparities in incomes and education.
The goal of development policy is to widen the disparities in incomes and education.
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W. Arthur Lewis was a Nobel laureate in economics.
W. Arthur Lewis was a Nobel laureate in economics.
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The distinction between developed and developing countries is still very relevant today.
The distinction between developed and developing countries is still very relevant today.
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Productive dualism is a feature unique to developing countries.
Productive dualism is a feature unique to developing countries.
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The Lewis model of a dual economy is relevant to conditions in the United States.
The Lewis model of a dual economy is relevant to conditions in the United States.
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In Europe, the increase in inequality was more marked than in the United States.
In Europe, the increase in inequality was more marked than in the United States.
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Left-behind localities in advanced economies have limited access to financial resources.
Left-behind localities in advanced economies have limited access to financial resources.
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