Economics MCQs

Page No. 185

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


aSouth Korea

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bChina

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cTaiwan

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dSingapore

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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

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bincreased

✓


cremained the same

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dcannot be determined

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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

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bdebt service agreement

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cprogram for growth

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dstabilization program

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Structuralist economists who study developing countries focus their attention on ?


achanges in industrial structure over time

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bspecific barriers to development and how to overcome them

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cThe impact of international trade structures on developing countries

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dthe caste of class structure and discrimination in the labor market

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


a Food shortages

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bForeign debt

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cRapid population growth

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dLabor shortages

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View Answer Labor shortages

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


amechanization

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b land reform

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c import substitution

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dproduce marketing boards

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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

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bagricultural investment will prevent the flight of capital abroad

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cagricultural projects usually have low import requirements

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

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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

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bA steady rate of capital formation

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c An adequate level of social overhead capital

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dThe supply of human resources is too high

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Many developing countries instituted import substitution policies because ?


a the prices of the goods they imported were falling

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bthe price of goods they exported were increasing

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c their terms of trade were deteriorating

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d their terms of trade were improving

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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%

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b65%

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c50%

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d 25%

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View Answer 80%

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