Development Economics Flashcards
1
Q
Death rate
A
the number of deaths as a proportion of the total population.
2
Q
Dominant strategy
A
one where a single strategy is best for a player irrespective of what strategy the other player adopts.
3
Q
Soft loan
A
Loans made by foreign governments or international financial institution to less developed countries at favorable interest rates, lower than those the country would have paid if borrowing from a private bank.
4
Q
National Debt
A
the accumulated borrowings of government.
5
Q
Birth rate
A
The number of live births as a proportion of the total population.
6
Q
Equity
A
Fairness
