In the 18th century, ___________ published Wealth of Nations, laying the foundation for understanding economic activities on society, including issues of inequality.
2
What happens to income inequality at the later stages of development (they become more advanced) according to the Kuznets Curve?
3
Economists typically assume the three fundamental causes of long-run growth and development are geography, culture, and __________.
4
Today, the __________ model and the accompanying theorems establish what we know as the factor endowment (or factor proportions) theory of international trade.
5
The development and adoption of green ............, such as renewable energy solutions and ecofriendly manufacturing processes, contribute to both economic growth and environmental sustainability.
6
In July 1944, delegates from all of 44 allied countries participated in the.............. Conference to create a new international monetary and financial order
7
What was the main goal of the Green Revolution?
8
The difference between the return offered by a debtor country and the return on a riskless asset is called the __________.
9
......... are experiments where researchers can control factors that are generally not under experimental control.
10
Randomized controlled trials (RCTs) in development economics were initially used in which field?
11
___________ inequality refers to disparities in opportunities, resources, and outcomes between different generations within a society.
12
The ___________ Curve, proposed by Simon Kuznets, suggests that income inequality first rises and then falls as a country develops.
13
What is a “critical juncture” in the context of economic development?
14
If the GDP of a country increases from $700 billion to $735 billion, what is the growth rate?
15
According to the False-Paradigm Model, underdevelopment is primarily caused by:
16
According to Classical Economics, what is the main driving force of economic growth?
17
The ........... model relies on two basic equations: a neoclassical production function and a capital accumulation equation.
18
Which of the following is mentioned as the main failure of the Solow-Swan model?
19
What does the term "poverty trap" refer to?
20
Which of the following best describes the centralized solution in the Ramsey model?