A high dependency ratio indicates that the economically active population and the overall economy face a greater burden to support and provide the social services needed by children and by older persons who are often economically dependent.
What does it mean if a nation has a high dependency rate quizlet?
What does it mean if a nation has a high dependency rate? A. The nation has a large number of children, whose families must provide for them.
Which of the following is not a reason why a high dependency rate leads to low levels?
A high dependency ratio indicates that the economically active population and the overall economy face a greater burden to support and provide the social services needed by children and by older persons who are often economically dependent.
What is one way US workers are affected when jobs are outsourced to less developed countries quizlet?
What is one way US workers are affected when jobs are outsourced to less-developed countries? Workers in foreign countries do US workers’ jobs for less money.
Which barrier to economic development is shown in the following example?
Low levels of social welfare is the barrier to economic development shown in the following examples (I. the high rate of HIV infection in underdeveloped nations II.
What is a dependency ratio and why is it important?
The dependency ratio focuses on separating those of working age , deemed between the ages of 15 and 64 years of age, from those of non-working age. This also provides an accounting of those who have the potential to earn their own income and who are most likely to not earn their own income.
How do you interpret a dependency ratio?
Age Dependency Ratios are often used to measure the financial pressure on the actively working population of a community . The higher the ratio, the greater the burden is carried by working-age people. Lower ratios indicate more people are working who can support the dependent population.
Why do poorer countries often experience rapid economic growth?
Poorer countries may also be able to experience more rapid growth because they can replicate the production methods, technologies, and institutions of developed countries . ... Because developing markets have access to the technological know-how of the advanced nations, they often experienced rapid rates of growth.
What are some broad elements that distinguish between developed and developing countries?
- Economic growth. ...
- Short-term versus long-term growth. ...
- Relationship between growth and development. ...
- Inequality. ...
- GDP and purchasing power parity.
What do people living in higher income countries tend to value?
outcomes. -higher levels of GDP per capita (US$ PPP) tend to be linked with higher life expectancies , and lower infant and maternal mortalities. This is expected since higher income countries have more resources to provide the necessary services and appropriate living conditions for their populations.
What is an accurate depiction of containerization?
What is an accurate depiction of containerization? It reduces the costs of shipping goods over long distances . The globalization of markets and production implies that. domestic firms are facing intense competition from foreign firms.
Which of the following is a disadvantage of globalization?
Cons of globalization include: Unequal economic growth . While globalization tends to increase economic growth for many countries, the growth isn’t equal—richer countries often benefit more than developing countries. Lack of local businesses.
What is the best way to characterize the impact of existing impediments to globalization?
What is the best way to characterize the impact of existing impediments to globalization? The impediments make it difficult for companies to maximize production activities.
Which of the following is the best definition of globalization?
Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
Which of the following is a barrier to economic growth in developing countries?
Declining terms of trade . Savings gap ; inadequate capital accumulation. Foreign currency gap and capital flight. Corruption, poor governance, impact of civil war.
How does an island of development promote economic development?
An island of development promotes economic development through the creation of specific goods which can only be found on one island this makes them competitive in a certain aspect; when selling certain goods and this in end effect enables them to sells certain goods which no other people are able to sell.
