Economics MCQs

Page No. 340

The industrial concentration ratio is the proportion of an industry’s output ?


aproduced by the three largest firms in the industry


b produced in cement, machine tools and steel industries


c and labor intensities relative to labor productivity


das a percentage of production and marketing



In 1979-80 China first created _____ for foreigners to set up enterprises hire labor and import duty-free goods for processing and re-exporting ?


aspecial economic zones


b liberalized trade monopoly zones


cEconomic Union zones


dCommunist free trade areas



Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ?


acontractionary monetary and fiscal policies


b currency devaluation


c long-run institutional and structural economic change


dshort term-adjustment with a human face



Countries facing a persistent external deficit can ?


a borrow overseas


bincrease trade restrictions and exchange controls


cUndertake expenditure-reducing policies


da ,b and c


View Answer a ,b and c

S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?


a S – I = X = M


bS + I = X + M


c S = I – (X+M)


dS-I = X/M


View Answer S – I = X = M

Countries with chronic balance of payments deficits eventually need to borrow abroad often from the ________ as the lender of last resort?


aU.S


bOECD


c IMF


dOPEC


View Answer IMF

Pathologies endemic to the Soviet bureaucracy included secrecy formalism cumbersome procedures rigidity and the tendency to concentrate on control rather than performance The party controlled The state by using the ____ the power to recommend and approve managers in administration and enterprises, of appointments and promotions to control access to government positions ?


aGosplan


b Gosagroprom


cnomenklatura system


d Parastatals


View Answer nomenklatura system

A development bank based in London, which loans funds to governments of Eastern Europe and the former Soviet Union is the ?


a Transitional Monetary Fund


bWorld Bank


c European Bank for Reconstruction and Development


d OECD



Which of the following statement is NOT true about state owned enterprises (SOEs) ?


aSOEs perform better with competition


bSuccessful performing SOEs in Japan, Singapore and Sweden have greater managerial autonomy and accountability than other SOEs


cSOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana


dFinancial autonomy is a major factor contributing to SOEs managerial effectiveness



Which of the following is not a quasi-public good ?


anational defense


b an automobile


c libraries


d fire protection


View Answer an automobile

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