Economics MCQs

Page No. 214

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


acapitalism


bphysical quality of life index


csocialism


dcommunism



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


aapproximately 35%


bapproximately 80%


cnearly 10 billion people


dnearly 1 billion people


View Answer approximately 80%

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


apopulation


btwo thirds


cone third


d28 percent


View Answer population

Which country is not a transitional economy ?


achina


bRussia


cHungary


dMexico


View Answer Mexico

Which of the following are not third-world regions ?


aLatin America


bAsia


cAfrica


dAustralia


View Answer Australia

According to the human capital view of education ?


ahas no impact on the human capital of workers?


b increases human capital and the wages of workers


ccan make any worker into a superstar


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



According to the signaling view of the education ?


acan make any worker into a superstar


bincreases human capital and the wages of workers


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


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



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


csafe


dfun


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


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


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



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


a the best professor


bthe best writer


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


dThe best accountant


View Answer the best writer

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