The market-friendly approach to development emphasizes
a. self-interested behavior of public officials in LDCs.
b. the dependence of LDCs on former colonial powers.
c. the inherent efficiency of markets in developing countries.
d. that markets in LDCs fail sometimes and selective interventions can promote economic development.
Question 2
The U.S. dollar is one of the leading reserve currency in the world. This means that
A) dollars are often used to settle international debts and to state other currency exchange values.
B) dollars are the most common currency for savings internationally.
C) dollars are held to cover shortfalls in government budgets.
D) dollars are accepted in just about every country in the world.
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