In the Context of International Development, the Term "Development" Is

question 41

Multiple Choice

In the context of international development, the term "development" is a contested idea because many believe:

• A) it is a form of neo-colonialism
• B) it legitimates the global expansion of capitalism
• C) so-called developed countries benefit more from international development than the developing countries do
• D) all of the above
• E) none of the above

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Definitions:

Normal Goods

Goods for which demand increases as the income of individuals increases.

Income Elasticity of Demand

A gauge for the sensitivity of demand for an item to shifts in the income levels of buyers.

Sapphire Pendant Necklaces

Jewelry items consisting of pendants made from the gemstone sapphire, typically hung on a chain or necklace.

Income Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in consumers' income, expressed as a percentage change in demand divided by the percentage change in income.