1) 2) 3) Using the World Bank's classification system, Malaysia, Mexico and Brazil are: a. low-income countries b. upper-middle-income countries c. industrialized economies d. underdeveloped countries At the time of independence, there were already hundreds of thousands of university graduates in but hardly any at all in a. India, Congo , b. India, South Korea c. Congo, South Korea d. South Korea, India The conjecture that inequality first increases with development, then decreases with further development (known as the inverted U hypothesis) was developed by: a. John Maynard Keynes b. Simmon Kuznets c. Arthur Lewis d. Robert Solow