Economics - Characteristics and Institutions of Developing Countries
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This is the MCQs of Economic
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Question 1 of 24
1. Question
As economic development proceeds income inequality tends to follow a(n) _____ curve
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Question 2 of 24
2. Question
Two or more nuclear families of parent(s) and children is known as:
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Question 3 of 24
3. Question
Peasants are:
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Question 4 of 24
4. Question
Which of the following statement is true about low-income countries?
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Question 5 of 24
5. Question
A country’s capital stock is the:
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Question 6 of 24
6. Question
According to Lewis’s model the dual economy grows only when:
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Question 7 of 24
7. Question
Export primary commodity concentration ratios are:
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Question 8 of 24
8. Question
The following statements are true about informal sector except:
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Question 9 of 24
9. Question
Economic rent
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Question 10 of 24
10. Question
The informal sector includes
I-artisans, cottage industrialists, petty traders, teashop proprietors
II- garbage pickers jitneys unauthorized taxis repair persons
III- the self employed
IV- activities with little capital skill and entry barriersCorrect
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Question 11 of 24
11. Question
Clientelism
I- is also known as patrimonialism
II- is the dominant pattern in many LDCs
III- is a personalized relationship between patrons and clients
IV- commands equals wealth, status or influence, based on unconditional loyalties and involving mutual benefitsCorrect
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Question 12 of 24
12. Question
Which of the following is not a requirement for economics development?
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Question 13 of 24
13. Question
Which on of the following countries is not a high income country?
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Question 14 of 24
14. Question
A country’s export commodity concentration ratio is the:
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Question 15 of 24
15. Question
Assume that the real income of developing Island increase from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about
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Question 16 of 24
16. Question
Increasing in the real GNP per capita occur when:
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Question 17 of 24
17. Question
In low-income countries the average agricultural family produces a surplus
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Question 18 of 24
18. Question
What is gross domestic product (GDP)?
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Question 19 of 24
19. Question
What is the ratio of population density of developing countries to the population of developed countries?
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Question 20 of 24
20. Question
Industrialization:
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Question 21 of 24
21. Question
Dual economies are countries:
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Question 22 of 24
22. Question
The low income economies generally have the following except:
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Question 23 of 24
23. Question
A dual economy is distinguished from other economies by having
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Question 24 of 24
24. Question
Increases in real GNP per capita occur when:
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