The developed nations have only about 15% of the world’s population, but they are estimated to consume _______ of the world’s output ?
A. 80%
B. 65%
C. 50%
D. 25%
Economics Mcqs
Developing countries, if compared with other countries, have ?
Develog countries, if compared with other countries, have ?
A. a lower rate of illiteracy
B. a greater degree of equality in the income distribution
C. a lower infant mortality rate
D. a smaller percentage of the labor force in urban areas
When economists talk about developing countries experiencing flight of capital they mean?
When economists talk about develog countries experiencing flight of capital they mean?
A. money lent to the country being immediately invested abroad
B. People investing their money in urban business rather than agriculture
C. money moving around financial institutions rather than being invested in production
D. people investing money abroad rather than in their own country
Debt-re-scheduling is ?
Debt-re-scheduling is ?
A. an agreement with the World Bank to turn some of a debt into other forms
B. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. a program of austerity measures agreed with the IMF to make repayment possible
Most of the Third World/Fourth World debt was incurred in ?
Most of the Third World/Fourth World debt was incurred in ?
A. The colonial period
B. The early 1950s
C. most debt was incurred during the oil shocks of the 1970s
D. the early 1960s
When economists say that developing countries have a dualistic economy the 2 parts referred to are ?
When economists say that develog countries have a dualistic economy the 2 parts referred to are ?
A. modern sector and traditional sector
B. town and country
C. men and women
D. rich people and poor people
The main reason why land reform increase agricultural output is that is ?
The main reason why land reform increase agricultural output is that is ?
A. encourages mechanization
B. allows the farmers to set the prices for their agricultural products
C. enables farmers to escape the problem of diminishing return
D. makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers
Low agricultural productivity in developing countries is mainly caused by ?
Low agricultural productivity in develog countries is mainly caused by ?
A. shortages of inputs including land
B. an over-investment in farm equipment
C. migration from rural areas to urban areas
D. a lack of effective demand for food products
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
Experiences over the last three decades has suggested that in order for economic development to occur, it is necessary for an economy to ?
A. stress agricultural development over industrial development
B. promote industrial development over agriculture
C. use a balanced strategy that promotes both agricultural and industrial development
D. stress the importation of agricultural products and the export of manufactured goods
The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
The idea that suggests that poverty is self-perpetuating because poor nations are unable to save and invest enough to accumulate the capital stock that would help them grow is ?
A. the vicious circle of poverty hypothesis
B. the dependency theory
C. neo-colonialism
D. the under-consumptionist hypothesis