Economics MCQs

Page No. 171

Dual economies are countries ?


awith double capital and labor


bwith a modern manufacturing sector as well as traditional agriculture sector


cthat specialize in labor intensive products more than capital intensive products


dwith foreign owned and domestically owned capital



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


a10


b2


cno more than 1


d20


View Answer 2

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


aenough to supply only a small nonagricultural population


bof zero


clarge enough of feed five other families


dlarge enough to feed 25 other families



Assume that the real income of developing Island increases 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 ?


a$145


b$40,000


c$25


d $100


View Answer $25

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


aGermany


bUnited Kingdom


cCanada


d Mexico


View Answer Mexico

Clientelism ?


ais also known as patrimonialism


b is the dominant pattern in many LDCs


c is a personalized relationship between patrons and clients


dAll of the above


View Answer All of the above

The following statements are true about informal sector except ?


a Uses no mechanical power


bMay be enterprises with less than 10 workers


cProduction is capital intensive


dUses family workers



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


athe modern sector increases its output share relative to the traditional sector


bagricultural sector uses modern equipment


cagricultural sector hires labor economically


d modern manufacturing sector is labor intensive



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


aless than 10% of the labor force is in agriculture


bthe average agriculture family produces surplus large enough only to supply small non-agriculture population


c One-third of the labor force produce food


dshare of labor force is about 30%



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


adual family


b institutional family


c extended family


dtwo-tier family tree


View Answer extended family

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