Food production has grown faster than the population in Kenya for the last 60 years.
Answer: T 12. The critical human capital investments that are essential to economic development are not
Diff: 3 made in the LDCs to the extent that economists believe they should be because the
payoffs, although large, are only realized in the long run.
Answer: F 13. LDC is an acronym for locally-developed country.
Answer: T 14. Big-push development projects normally require government funding because private
Diff: 2 sources are unwilling, and often unable, to support such large projects.
Answer: T 15. Forward linkages are the demands created by new supply capacities.
Answer: F 16. Backward linkages are the demands created by new supply capacities.
Answer: F 17. The one thing that all less-developed countries have in common over the past 25 years is
Diff: 1 virtually zero or negative economic growth.
Answer: T 18. If population grows faster than income, then per capita income must fall.
Answer: F 19. The vicious cycle of poverty refers to the fact that LDCs are poor because other countries
Diff: 3 do not want to buy their goods and services.
Answer: T 20. Investments in human capital include spending on health care.
Answer: F 21. Economists believe that political instability can facilitate economic development in an
Diff: 1 LDC by making its citizens more open to change and new technology.
Answer: T 22. A big-push strategy for economic development relies heavily on government-sponsored
Diff: 3 and financed investments.
Answer: F 23. The opportunity cost of human capital augmentation is future gross domestic product
Diff: 2 (GDP).
Answer: F 24. A “big-push” strategy for economic development refers to marginal but sustained patterns
Diff: 2 of investment and economic development over time, i.e., small increments that are
consistent over a long time period.
Answer: F 25. Infrastructure development is not the problem in LDCs, the overriding issue is the low
Diff: 2 level of opportunity costs for development activity
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