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.Management Sciences
Category: Characteristics and Institutions of Developing Countries
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
Which of the following is not a requirement for economic development ?
A. a temperate climate
B. natural resources
C. an adequate capital bases
D. technological advance
Increasing in the real GNP per capita occur when ?
A. government programs direct resources away from investment goods to consumer goods.
B. tariffs and quotas prevent countries from trading and thus prevent dollars from leaving each country
C. the rate of growth in real GNP is greater than the rate of growth in the population
D. the level of consumption expenditures rises relative to the level of savings
Increases in real GNP per capita occur when ?
A. government programs direct resources away from investment goods to consumer goods.
B. tariffs and quotas prevent dollars from leaving the country
C. the rate of growth of real GNP is greater than the rate of growth of population
D. the level of consumption expenditures rises relative to the level of saving
As economic development proceeds income inequality tends to follow a(n) _____ curve?
A. convex
B. inverted U shaped
C. L-shaped
D. S-Shaped
Two or more nuclear families of parent(s) and children is known as ?
A. dual family
B. institutional family
C. extended family
D. two-tier family tree
Which one of the following countries is not a high-income country ?
A. Germany
B. United Kingdom
C. Canada
D. Mexico
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