MCQs of Economics – Characteristics and Institutions of Developing Countries

As economic development proceeds income inequality tends to follow a(n) _____ curve

Two or more nuclear families of parent(s) and children is known as:

Peasants are:

Which of the following statement is true about low-income countries?

A country’s capital stock is the:

According to Lewis’s model the dual economy grows only when:

Export primary commodity concentration ratios are:

The following statements are true about informal sector except:

Economic rent

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 barriers

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 benefits

Which of the following is not a requirement for economics development?

Which on of the following countries is not a high income country?

A country’s export commodity concentration ratio is the:

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

Increasing in the real GNP per capita occur when:

In low-income countries the average agricultural family produces a surplus

What is gross domestic product (GDP)?

What is the ratio of population density of developing countries to the population of developed countries?

Industrialization:

Dual economies are countries:

The low income economies generally have the following except:

A dual economy is distinguished from other economies by having

Increases in real GNP per capita occur when: