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.Management Sciences
Category: Characteristics and Institutions of Developing Countries
A dual economy is distinguished from other economies by having ?
A. an industrial sector and a manufacturing sector
B. a traditional agricultural sector and a modern industrial sector
C. state owner ship of the means of production
D. an industrial sector that concentrates on manufacturing and construction
Industrialization?
A. causes development
B. is positively related to development
C. id inversely related to development
D. inhibits development
What is gross domestic product (GDP) ?
A. income earned through foreign exchange
B. the number of dollars earned in industry
C. income earned within a country’s boundaries
D. goods received from the nation’s residents
In low-income countries the average agricultural family produces a surplus ?
A. enough to supply only a small nonagricultural population
B. of zero
C. large enough of feed five other families
D. large enough to feed 25 other families
Which of the following statement is true about low-income countries ?
A. less than 10% of the labor force is in agriculture
B. the average agriculture family produces surplus large enough only to supply small non-agriculture population
C. One-third of the labor force produce food
D. share of labor force is about 30%
Export primary commodity concentration ratios are ?
A. commodity exports as a percentage of GDP per capita of exporting country divided by importing country
B. export earnings as a ratio of population
C. total merchandise export divided by Gross National Income
D. food, raw materials minerals and organic oils and fat as a percentage of total merchandise exports
A country’s export commodity concentration ratio is the ?
A. average annual investment made in production of exported commodities
B. proportion of the primary export commodity in total exports
C. ratio of four leading commodities to total merchandise exports
D. total annual investment made in production of exported commodities
According to Lewis’s model the dual economy grows only when ?
A. the modern sector increases its output share relative to the traditional sector
B. agricultural sector uses modern equipment
C. agricultural sector hires labor economically
D. modern manufacturing sector is labor intensive
What is the ratio of population density of developing countries to the population of developed countries ?
A. 10
B. 2
C. no more than 1
D. 20
The low-income economies generally have the following except ?
A. deficient infrastructures
B. low life expectancies
C. low savings
D. a per capital GNP of more than $900
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