A country’s capital stock is the ?

A. approximated investment minus actual investment
B. inflow of investment from abroad
C. sum of previous gross investment minus depreciation
D. difference between GDP and capital consumption

The informal sector includes ?

I-artisans, cottage industrialists, petty traders, teashop proprietors
II- garbage pickers jitney unauthorized taxis repair persons
III- the self employed
IV- activities with little capital skill and entry barriers

A. I and II only
B. III and IV only
C. IV only
D. I, II, III and IV

Dual economies are countries ?

A. with double capital and labor/
B. with a modern manufacturing sector as well as traditional agriculture sector
C. that specialize in labor intensive products more than capital intensive products
D. with foreign owned and domestically owned capital

Clientelism ?

I- is also known as patrimonialism
II- is the dominant pattern in many LDCs
III- is a personalized relationship between patrons and clients
IV- commands equals wealth, status or influence, based on unconditional loyalties and involving mutual benefits

A. I and II only
B. II and III only
C. I, II and III only
D. IV only

Economic rent ?

A. is productive activity to obtain private benefit from public action and resources
B. are the payments above the minimum essential to attract the resources to the market?
C. is the wage used to pay unskilled workers?
D. does not include monopoly profits

Peasants are ?

A. rural politicians
B. rural cultivators
C. rural industrialist
D. rural, religious group

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