Question

Where the people are already near the subsistence level this may mean extreme hardship. Somehow

the people must be motivated to change their accustomed ways quickly, to work hard and to forgo

present consumption so that capital investment can be made.

Questions:

A. Choose the most appropriate option: (1 x 4 = 4 marks)

(a) The passage says that …………………….

1)without foreign aid no underdeveloped country can grow.

2)underdeveloped country must refrain from taking foreign aid.

3)the economies of the underdeveloped countries are more likely to grow faster with substantial foreign

aid than without.

4)underdeveloped countries are economically backward because their governments have not got their

priorities right.

(b) Substantial aid in this context means …………………….

1)technical assistance in the form of trained personnel.

2)capital in the form of bank loans and overdrafts.

3)large amounts of technical assistance and capital.

4)a cheap and plentiful supply of labour.

(c) Which of the following points or statements did the writer actually make?

1)Japan and Russia achieved their development in a democratic framework.

2)Japan and Russia achieved their development in an authoritarian political and social framework.

3)Japan and Russia would have developed faster if they had relied on democratic methods.

4)Japan and Russia are still among the underdeveloped countries of the world.

(d) Accumulation of capital without getting outside and may mean​

Answer 1

Answer:

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Answer 2

Answer:

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