Chapter 19: Economic Growth in Developing Nations

Question 1

Developing nations

Answer 1

Nations with little industrial development and relatively low standards of living

Question 2

Subsistence agriculture

Answer 2

Growing of just enough food by a family to take care of its own needs; no crops are available for export or to feed an industrial workforce

Question 3

Infant mortality rate

Answer 3

Death rate of infants who die during the first year of life

Question 4

Confiscation

Answer 4

Taking over industries by governments without paying for them

Question 5

Foreign aid

Answer 5

Funds, goods, and services given by governments and private organizations to help other nations and their citizens

Question 6

Economic assistance

Answer 6

Loans and outright grants of funds or equipment to other nations

Question 7

Technical assistance

Answer 7

Aid in the form of engineers, teachers, and technicians to teach skills to individuals in other nations

Question 8

Military assistance

Answer 8

And given to a nation’s armed forces

Question 9

Bureaucracies

Answer 9

Offices and agencies of the government that each deal with a specific area

Question 10

Capital flight

Answer 10

The legal or illegal export of currency or money capital from a nation by that nation’s leaders

Question 11

Obstacles to economic growth

Answer 11

Attitudes and beliefs, misuse of resources, continued rapid population growth, trade restrictions

Question 12

Five-year plans

Answer 12

Centralized planning system that used to be the basis for China’s economic system; eventually was transformed into a regional planning system leading to limited free enterprise

Question 13

Developed nations

Answer 13

Nations with relatively high standards of living and economies based more on industry than on agriculture