Structuralist economists who study developing countries focus their attention on ?
Correct answer: B. specific barriers to development and how to overcome them
- A. changes in industrial structure over time
- B. specific barriers to development and how to overcome them
- C. The impact of international trade structures on developing countries
- D. the caste of class structure and discrimination in the labor market
Explanation
Structuralist economists examine the specific institutional and economic barriers that keep developing countries from growing, then consider ways to remove them. Their focus is broader than merely tracking industrial change or trade patterns.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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