Economics MCQs

Page No. 184

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


aChina

✓


bUnited States

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cRussia

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dEurope

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View Answer China

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


azaibatsu

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bchaebol

✓


claissez faire

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dbourgeoisie

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View Answer chaebol

Keiretsu refers to ?


agroups of affiliated companies loosely organized around a large bank

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

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c State-assisted entrepreneurs

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dfinancial cliques

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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

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bThe four tigers

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cVietnam

✓


dThailand

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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

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

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

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

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The bourgeoisie refers to ?


athe monarchy

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bthe central planners of the Soviet Union

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cthe capitalist and middle class

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dthe aristocrats of wealthy nations

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Perestroika in the former Soviet Union refers to ?


atotal market reliance for resource allocation

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b economic restructuring by Gorbachev

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cintensified central planning

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d None of the above

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


alow interest rates

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bpolitical instability inhibits world-wide investment

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chuman capital or technical skills were lacking

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dreal domestic currency depreciation exists

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


a diverting savings from agriculture to industry

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bstate assisted entrepreneurs

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cstate monopolized trading

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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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