ECONOMIC DEVELOPMENT 13TH EDITION BY
TODARO FINAL PAPER FULL SOLUTION STUDY
GUIDE
◉ Adolescent fertility rate.
Answer: The number of births per 1,000 women ages 15 to 19
◉ agglomeration economies.
Answer: Economy in which like things are put together to their
benefit all businesses.
different economic activities tend to locate next to each other and
act as a powerful magnet, attracting other activities.But bringing all
people to one area increases congestion.
◉ Brandt Line/NS Divide.
Answer: Imaginary line that separates the rich "Global North" from
the poor "Global South"
◉ bureaucracy.
Answer: Organized system of administration of a government chiefly
through bureaus or departments staffed with non elected officials.
, ◉ comparative advantage.
Answer: The ability of a country or place to produce a good at a
lower cost (opportunity cost) than another country can.
◉ complementarity.
Answer: Exists when two regions, through an exchange of raw
materials and/or finished products, can specifically satisfy each
other's demands.
◉ consumption.
Answer: Spending by households (consumers) on goods and
services (excludes spending on housing). The day-to-day use of
environmental resources as food, clothing, and housing.
◉ Dependency Theory.
Answer: Based on the idea that certain types of political and
economic relations (especially colonialism) between countries and
regions of the world have created arrangements that both control
and limit the extent to which regions can develop. Basically
developed countries need lesson developed countries to stay less
developed in order to continue their own high level of development.
◉ depletion.
Answer: The use or consumption of a resource, especially a natural
resource, faster than it is replenished.
TODARO FINAL PAPER FULL SOLUTION STUDY
GUIDE
◉ Adolescent fertility rate.
Answer: The number of births per 1,000 women ages 15 to 19
◉ agglomeration economies.
Answer: Economy in which like things are put together to their
benefit all businesses.
different economic activities tend to locate next to each other and
act as a powerful magnet, attracting other activities.But bringing all
people to one area increases congestion.
◉ Brandt Line/NS Divide.
Answer: Imaginary line that separates the rich "Global North" from
the poor "Global South"
◉ bureaucracy.
Answer: Organized system of administration of a government chiefly
through bureaus or departments staffed with non elected officials.
, ◉ comparative advantage.
Answer: The ability of a country or place to produce a good at a
lower cost (opportunity cost) than another country can.
◉ complementarity.
Answer: Exists when two regions, through an exchange of raw
materials and/or finished products, can specifically satisfy each
other's demands.
◉ consumption.
Answer: Spending by households (consumers) on goods and
services (excludes spending on housing). The day-to-day use of
environmental resources as food, clothing, and housing.
◉ Dependency Theory.
Answer: Based on the idea that certain types of political and
economic relations (especially colonialism) between countries and
regions of the world have created arrangements that both control
and limit the extent to which regions can develop. Basically
developed countries need lesson developed countries to stay less
developed in order to continue their own high level of development.
◉ depletion.
Answer: The use or consumption of a resource, especially a natural
resource, faster than it is replenished.
