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
Characteristics and Institutions of Developing Countries
Increases in real GNP per capita occur when ?
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
The low-income economies generally have the following except ?
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
Industrialization?
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) ?
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
Increasing in the real GNP per capita occur when ?
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
A country’s export commodity concentration ratio is the ?
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
Which of the following is not a requirement for economic development ?
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
The informal sector includes ?
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
Economic rent ?
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