EC207 Midterm: Practice
Document Summary
What alternative measures do you suggest to measure economic development: products and services, all formal, market value of g & s, other not included. In developing the market is not well defined. Why or why not: disease, problem of disease, world flu. Limitation of lewis model: assumed modern productivity is 0 at developing very strong assumption, not progressive labour especially if the workers from agriculture to manu if they are not reinvested in labour intense. Some sample mcqs: why are women often referred to as playing a central role in economic development, yes, no. Women empowerment is mayor goal of any development, source of labour. Income inequality: growth rate, population, per capita income. Answer: d: what is a broader measure of human development: Answer: human development index not special components, but need to know, important component: the neocolonial dependence model emphasizes the unequal power relationships between the developed and less developed countries, yes, no.
