Economics MCQs

Page No. 214

Which of the following could not be considered a major economic system ?


acapitalism

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bphysical quality of life index

✓


csocialism

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dcommunism

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Of the World’s population what portion lives in developing countries ?


aapproximately 35%

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bapproximately 80%

✓


cnearly 10 billion people

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dnearly 1 billion people

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View Answer approximately 80%

Development economics focuses primarily on the poorest ______ of the worlds?


apopulation

✓


btwo thirds

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cone third

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d28 percent

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View Answer population

Which country is not a transitional economy ?


achina

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bRussia

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cHungary

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dMexico

✓


View Answer Mexico

Which of the following are not third-world regions ?


aLatin America

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bAsia

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cAfrica

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dAustralia

✓


View Answer Australia

According to the human capital view of education ?


ahas no impact on the human capital of workers?

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b increases human capital and the wages of workers

✓


ccan make any worker into a superstar

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donly helps firms sort workers into high ability and low-ability workers.

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According to the signaling view of the education ?


acan make any worker into a superstar

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bincreases human capital and the wages of workers

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conly helps firms sort workers into high ability and low-ability workers

✓


dreduces the wage gap between high-skill and low-skill workers.

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If two jobs require the same amount of skills and experience the job that pays the most is most likely to be the one that is ?


aunpleasant

✓


ball these answers

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csafe

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dfun

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View Answer unpleasant

Which of the following is true regarding the earning of attractive versus unattractive workers ?


aAttractive people tend to earn less because attractive people are viewed as shallow and more self-absorbed and therefore, as less productive

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bAttractive people tend to earn more because they may actually have a larger value of marginal product

✓


cAttractive people tend to earn more because attractive people usually have greater human capital

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d Attractive people tend to earn less because attractive people usually have less human capital

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Which of the following professionals is most likely to be able to generate the income of a superstar ?


a the best professor

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bthe best writer

✓


cAll of these answers participate in markets that could generate a superstar

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dThe best accountant

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View Answer the best writer

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