Economics MCQs

Page No. 185

Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ?


aSouth Korea


bChina


cTaiwan


dSingapore


View Answer China

How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?


adeclined


bincreased


cremained the same


dcannot be determined


View Answer increased

An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?


adebt rescheduling agreement


bdebt service agreement


cprogram for growth


dstabilization program



Structuralist economists who study developing countries focus their attention on ?


achanges in industrial structure over time


bspecific barriers to development and how to overcome them


cThe impact of international trade structures on developing countries


dthe caste of class structure and discrimination in the labor market



Which of the following is NOT one of the problems facing most developing nations ?


a Food shortages


bForeign debt


cRapid population growth


dLabor shortages


View Answer Labor shortages

The policy that has been the most successful in increasing agricultural output in developing countries is ?


amechanization


b land reform


c import substitution


dproduce marketing boards


View Answer land reform

One of the benefits of putting resources into agricultural projects is that ?


aSuccessful agricultural projects produce surplus food to support urban development


bagricultural investment will prevent the flight of capital abroad


cagricultural projects usually have low import requirements


d export prices for agricultural products are more stable than those for industrial products



Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?


aThe constraints imposed by dependency on the already-developed nations


bA steady rate of capital formation


c An adequate level of social overhead capital


dThe supply of human resources is too high



Many developing countries instituted import substitution policies because ?


a the prices of the goods they imported were falling


bthe price of goods they exported were increasing


c their terms of trade were deteriorating


d their terms of trade were improving



The developed nations have only about 15% of the world’s population, but they are estimated to consume _______ of the world’s output ?


a 80%


b65%


c50%


d 25%


View Answer 80%

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