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.Management Sciences
Category: Characteristics and Institutions of Developing Countries
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
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
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