Economics Mcqs

How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

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How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

A. declined
B. increased
C. remained the same
D. cannot be determined

An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?

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An agreement between a borrower country and the International Monetary Fund in which the country agrees to revamp its economic policies to provide incentives for higher export earnings and lower imports is a ?

A. debt rescheduling agreement
B. debt service agreement
C. program for growth
D. stabilization program

Structuralist economists who study developing countries focus their attention on ?

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Structuralist economists who study develog countries focus their attention on ?

A. changes in industrial structure over time
B. specific barriers to development and how to overcome them
C. The impact of international trade structures on develog countries
D. the caste of class structure and discrimination in the labor market

One of the benefits of putting resources into agricultural projects is that ?

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One of the benefits of putting resources into agricultural projects is that ?

A. Successful agricultural projects produce surplus food to support urban development
B. agricultural investment will prevent the flight of capital abroad
C. agricultural projects usually have low import requirements
D. export prices for agricultural products are more stable than those for industrial products

Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?

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Which of the following factors has been suggest as an explanation for the lack of economic growth in many poor nations ?

A. The constraints imposed by dependency on the already-developed nations
B. A steady rate of capital formation
C. An adequate level of social overhead capital
D. The supply of human resources is too high