pedro's development

 ted trainer the author would believe in what school of economic thought.

•  keynesian economics
•  supply side economics
•  trickle down economics
•  appropriate development

 the economist constantly tells pedros he doesn t understand economics but he is the one who gets it wrong and is really talking about.

•  globalisation
•  economic growth
•  sustainable economic efficiency
•  economies of scale

 which is the best term to describe Uncle Frederico , cousin Manuel and all taking benefits from the government and the president.

•  corruption
•  nepotism
•  trickle down
•  foreign direct investment

 who said ..Oh yes. At the theoretical macroeconomic level the required adjustment strategies are well established but that is not to say that their implementation is entirely without adverse experiential consequences..

•  economist
•  Pedro
•  world bank official
•  foreign investor

 when the economist talks about efficiency he means .

•  At first a few will get much richer than the rest , and for a time you poor people in the countryside will not get so much benefit.
•  of course our brilliant scientists will work out ways of providing energy that doesn't release carbon dioxide, like windmills and solar panels.
•  If people can get their fruit free from village trees, or use a free village workshop they won't buy their fruit nor buy new furniture will they
•  let the forces of supply and demand determine the distribution of scarce resources

 The world is developing into one big economy in which we will all be free to buy and sell what we like. We will have got rid of all the tariffs and restrictions that previously hindered trade and efficiency.. the economist would define this as .

•  appropriate development
•  trade protection
•  supply side economic policy
•  globalisation

 which strategy from the president would NOT attract foriegn investmentinto Pedro's country.

•  tax holiday
•  regulation of environmental and worker conditions
•  social infrastructures provided by government
•  subsidies to foreign multinationals

 what did the multinationals want to produce in pedros's story .

•  mass produced clothes using cheap labour
•  commodities like iron ore - raw materials
•  flowers and baseballs
•  heavy industry - steel works

 what was the World bank official offering Pedro and his country .

•  subsidised labour
•  better education
•  better education
•  reduced wages

 what creature did Pedro see fly overhead when the economist saidBelieve me Pedro, in time there will be trickle down. We economists understand these things.".

•  dove
• pig
• eagle
• fish