The false paradigm model attributes lack of development to
A)inadequate attention to price incentives.
B)inappropriate advice from rich country economists.
C)low levels of savings and investment.
D)a lack of government regulation.

Question

Quizplus · Accepted Answer

The false paradigm model argues that lack of development is due to inappropriate advice from rich country economists. This means that the advice given may not be suitable for developing countries and can hinder progress. It does not attribute the issue to lack of attention to price incentives, low levels of savings and investment, or a lack of government regulation.

The False Paradigm Model Attributes Lack of Development to