Barriers to Development

Which of the following not considered a factor that may restrict economic growth and development?

• Economics

• Societal

• Geographic

• Psychological

• Political

Place the poverty cycle in its logical order.

• Low income

• Low savings

• Low productivity

• Low income growth

• Low investment

Which country is listed in the notes as representing a high level of development

• Cuba

• Zimbabwe

• Norway

• Cambodia

A high​ (a)   suggests that much of a country's population suffers from poverty.

• Gini coefficient
• GDP per capita
• population

Which of the following is not considered infrastructure?

• Transportation networks

• Schools

• Hospitals

• Telecommunication Networks

• Farms

Using an AD/AS diagram, illustrate how the Chinese economy is affected by the improved high-speed rail network.

Match the following

• Are more prone to illegal capital flight due to weaker regulations.

• ELDCs

• Capital is repatriated by a foreign entity.

• Illegal Capital Flight

• Money is taken out out of the country through unlawful means  (e.g., money laundering).

• Legal Capital Flight

T/F Investment in education and healthcare increase the quantity and quality of labour and can therefore raise an economy's productive capacity.

• True

• False

Match the following

• Tertiary Sector

• Factory

• Secondary Sector

• Insurance

• Primary Sector

• Farm

Match the following

• Brazil

• Top Export: Oil

• South Africa

• Top Export: Coal

• Australia

• Top Export: Soy Beans

• Canada

• Top Export: Fish

• Greenland

• Top Export: Gold