Economics MCQs

Page No. 184

More than seventy percent of the population of fast g: owers lives in ?


aChina


bUnited States


cRussia


dEurope


View Answer China

Korea’s keirestsu-like corporate conglomerates is known as ?


azaibatsu


bchaebol


claissez faire


dbourgeoisie


View Answer chaebol

Keiretsu refers to ?


agroups of affiliated companies loosely organized around a large bank


b horizontal manufacturing groups consisting of a core company and its partners


c State-assisted entrepreneurs


dfinancial cliques



The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?


aJapan


bThe four tigers


cVietnam


dThailand


View Answer Vietnam

Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?


aincome per capita is the same regardless of poor or rich countries


bincome per capita in poor countries grows faster than in rich countries


c income per capita in rich countries grows faster than in poor countries


d income per capita in poor countries grows conditional upon foreign aid



The bourgeoisie refers to ?


athe monarchy


bthe central planners of the Soviet Union


cthe capitalist and middle class


dthe aristocrats of wealthy nations



Perestroika in the former Soviet Union refers to ?


atotal market reliance for resource allocation


b economic restructuring by Gorbachev


cintensified central planning


d None of the above



Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?


alow interest rates


bpolitical instability inhibits world-wide investment


chuman capital or technical skills were lacking


dreal domestic currency depreciation exists



On what did the Russian Soviet development model of growth not depend ?


a diverting savings from agriculture to industry


bstate assisted entrepreneurs


cstate monopolized trading


dmarkets for allocating resources



The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?


aJapan


bFour tigers


cVietnam


dThailand


View Answer Vietnam

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