Question

In: Economics

Ture or False. 1. Rwanda is an example of how colonialism can be good sometimes. The...

Ture or False.
1. Rwanda is an example of how colonialism can be good sometimes. The social structure supported by colonial powers was important in maintaining peace after Rawanda’s independence.

2. The reason some countries are developed, while others are not, is straightforward.

3. Imagine that I am looking-up values in the A column using values on a table E3:F10. VLOOKUP(A1, $E$3:$F$10,2,TRUE) MAY NOT work in practice.

4. Under the False-Paradigm model, development can be achieved by having students from poor countries earn their education in the developed world.

Solutions

Expert Solution

1) It shall be noted that it was due to UN intervention by setting up of International Criminal Tribunal that helped maintain peace in Rwanda. The social structure was such that Hutus and Tutsis were always in conflict post Rwanda's independence in 1962.

Hence, the correct answer is False.

2) It shall be noted that both developed and non-developed/under-developed countries exists. There are different explanation. Some theory suggests factor endowment as the reason for the differences. Other suggests the government policies. Some suggest level of scientific temper being the reason for the difference, whereas there are theories that suggest the era in which industrial revolution took place as the reason that propelled growth engine to result into two different level of developed countries.

Hence, the reasons are not straightforward.

Thus, the correct answer is False

3) The correct excel formula should be =VLOOKUP(A1, $E$1:$F$10, 2, false)

Hence, the correct answer is True

4) False-Paradigm model blames usage of economic theories originally applicable to developed countries as the reason for under development or poor development of low-income countries. Hence, the same model would not support the development being achieved by having the students from poor countries to earn their education in the developed world.

Hence, the correct answer is False


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