MCQs of Economics – Economic Problems of Developing Countries

The term Fourth World has been coined to describe:

Developing countries, if compared with other countries, have:

85% of the world’s population lives in developing countries and receives about ___ of the world’s income

The developed nations have only about 15% of the world’s population, but they are estimated to consume ___ of the world’s output

A policy of developing local industries that can compete with imports is referred to as:

Many developing countries instituted import substitution policies because:

The idea that suggests that poverty is self perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is:

Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations?

Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to:

One of the benefits of putting resources into agricultural projects is that:

Low agricultural productivity in developing countries is mainly caused by:

The policy that has been the most successful in increasing agricultural output in developing countries is:

The main reason why land reform increase agricultural output is that is:

Which of the following is NOT one of the problems facing most developing nations?

When economists say that developing countries have a dualistic economy the 2 parts referred to are:

Structuralist economists who study developing countries focus their attention on:

Most of the Third World/Fourth World debt was incurred in:

Debt-re-scheduling is

An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earning and lower imports is a:

When economists talk about developing countries experiencing flight of capital they means: