Economics MCQs – Economic Problems of Developing Countries MCQs ( Economics ) MCQs
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Latest Economics MCQs
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Latest Economic Problems of Developing Countries Mcqs ( Economics ) Mcqs
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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. program for growth
C. debt service agreement
D. stabilization program
Structuralist economists who study developing countries focus their attention on ?
A. the caste of class structure and discrimination in the labor market
B. specific barriers to development and how to overcome them
C. The impact of international trade structures on developing countries
D. changes in industrial structure over time
Which of the following is NOT one of the problems facing most developing nations ?
A. Foreign debt
B. Food shortages
C. Rapid population growth
D. Labor shortages
The policy that has been the most successful in increasing agricultural output in developing countries is ?
A. import substitution
B. land reform
C. mechanization
D. produce marketing boards
One of the benefits of putting resources into agricultural projects is that ?
A. export prices for agricultural products are more stable than those for industrial products
B. agricultural investment will prevent the flight of capital abroad
C. agricultural projects usually have low import requirements
D. Successful agricultural projects produce surplus food to support urban development
Human Capital MCQs
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. An adequate level of social overhead capital
C. A steady rate of capital formation
D. The supply of human resources is too high
Many developing countries instituted import substitution policies because ?
A. the price of goods they exported were increasing
B. the prices of the goods they imported were falling
C. their terms of trade were deteriorating
D. their terms of trade were improving
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. 50%
C. 65%
D. 25%
Developing countries, if compared with other countries, have ?
A. a lower infant mortality rate
B. a greater degree of equality in the income distribution
C. a lower rate of illiteracy
D. a smaller percentage of the labor force in urban areas
When economists talk about developing countries experiencing flight of capital they mean?
A. People investing their money in urban business rather than agriculture
B. money lent to the country being immediately invested abroad
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 ?
A. a program of austerity measures agreed with the IMF to make repayment possible
B. a change in debt repayment due to inability to pay
C. regular payments of interest and repayments of capital
D. an agreement with the World Bank to turn some of a debt into other forms
Most of the Third World/Fourth World debt was incurred in ?
A. The early 1950s
B. The colonial period
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 ?
A. modern sector and traditional sector
B. men and women
C. town and country
D. rich people and poor people
The main reason why land reform increase agricultural output is that is ?
A. enables farmers to escape the problem of diminishing return
B. allows the farmers to set the prices for their agricultural products
C. encourages mechanization
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 ?
A. shortages of inputs including land
B. migration from rural areas to urban areas
C. an over-investment in farm equipment
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 ?
A. promote industrial development over agriculture
B. stress agricultural development over industrial development
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 ?
A. the vicious circle of poverty hypothesis
B. neo-colonialism
C. the dependency theory
D. the under-consumptionist hypothesis
A policy of developing local industries that can compete with imports is referred to as ?
A. industrial promotion
B. export promotion
C. import substitution
D. unbalanced growth
85% of the world’s population lives in developing countries and receives about _____ of the world’s income?
A. 10%
B. 40%
C. 20%
D. 30%
The term Fourth World has been coined to describe ?
A. The republics of the former Soviet Union
B. the newly industrialized countries like Korea, Taiwan Malaysia
C. Countries that still have a communist government like China and Cuba
D. countries that have fallen far behind the economic advances of the rest of the world
The term Fourth World has been coined to describe ?
A. The republics of the former Soviet Union
B. the newly industrialized countries like Korea, Taiwan Malaysia
C. Countries that still have a communist government like China and Cuba
D. countries that have fallen far behind the economic advances of the rest of the world