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Economics Mcqs

According to Lewis’s model the dual economy grows only when ?

Characteristics and Institutions of Developing Countries, Economics Mcqs /
According to Lewis’s model the dual economy grows only when ?

A. the modern sector increases its output relative to the traditional sector
B. agricultural sector uses modern equipment
C. agricultural sector hires labor economically
D. modern manufacturing sector is labor intensive

According to Lewis’s model the dual economy grows only when ? Read More »

Characteristics and Institutions of Developing Countries, Economics Mcqs

Which of the following statement is true about low-income countries ?

Characteristics and Institutions of Developing Countries, Economics Mcqs /
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. of labor force is about 30%

Which of the following statement is true about low-income countries ? Read More »

Characteristics and Institutions of Developing Countries, Economics Mcqs

Increases in real GNP per capita occur when ?

Characteristics and Institutions of Developing Countries, Economics Mcqs /
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

Increases in real GNP per capita occur when ? Read More »

Characteristics and Institutions of Developing Countries, Economics Mcqs

Increasing in the real GNP per capita occur when ?

Characteristics and Institutions of Developing Countries, Economics Mcqs /
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

Increasing in the real GNP per capita occur when ? Read More »

Characteristics and Institutions of Developing Countries, Economics Mcqs

A country’s export commodity concentration ratio is the ?

Characteristics and Institutions of Developing Countries, Economics Mcqs /
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

A country’s export commodity concentration ratio is the ? Read More »

Characteristics and Institutions of Developing Countries, Economics Mcqs