Characteristics And Institutions Of Developing Countries MCQs

Option A: an industrial sector and a manufacturing sector

Option B: a traditional agricultural sector and a modern industrial sector

Option C: state owner ship of the means of production

Option D: an industrial sector that concentrates on manufacturing and construction

Correct Answer: a traditional agricultural sector and a modern industrial sector ✔

Option A: with double capital and labor/

Option B: with a modern manufacturing sector as well as traditional agriculture sector

Option C: that specialize in labor intensive products more than capital intensive products

Option D: with foreign owned and domestically owned capital

Correct Answer: with a modern manufacturing sector as well as traditional agriculture sector ✔

Option A: 10

Option B: 2

Option C: no more than 1

Option D: 20

Correct Answer: 2 ✔

Option A: enough to supply only a small nonagricultural population

Option B: of zero

Option C: large enough of feed five other families

Option D: large enough to feed 25 other families

Correct Answer: enough to supply only a small nonagricultural population ✔

Option A: $145

Option B: $40,000

Option C: $25

Option D: $100

Correct Answer: $25 ✔

Option A: Germany

Option B: United Kingdom

Option C: Canada

Option D: Mexico

Correct Answer: Mexico ✔

Option A: I and II only

Option B: II and III only

Option C: I, II and III only

Option D: IV only

Correct Answer: II and III only ✔

Option A: Uses no mechanical power

Option B: May be enterprises with less than 10 workers

Option C: Production is capital intensive

Option D: Uses family workers

Correct Answer: Production is capital intensive ✔

Option A: the modern sector increases its output share relative to the traditional sector

Option B: agricultural sector uses modern equipment

Option C: agricultural sector hires labor economically

Option D: modern manufacturing sector is labor intensive

Correct Answer: the modern sector increases its output share relative to the traditional sector ✔

Option A: less than 10% of the labor force is in agriculture

Option B: the average agriculture family produces surplus large enough only to supply small non-agriculture population

Option C: One-third of the labor force produce food

Option D: share of labor force is about 30%

Correct Answer: the average agriculture family produces surplus large enough only to supply small non-agriculture population ✔

Option A: dual family

Option B: institutional family

Option C: extended family

Option D: two-tier family tree

Correct Answer: extended family ✔

Option A: government programs direct resources away from investment goods to consumer goods.

Option B: tariffs and quotas prevent dollars from leaving the country

Option C: the rate of growth of real GNP is greater than the rate of growth of population

Option D: the level of consumption expenditures rises relative to the level of saving

Correct Answer: the rate of growth of real GNP is greater than the rate of growth of population ✔

Option A: deficient infrastructures

Option B: low life expectancies

Option C: low savings

Option D: a per capital GNP of more than $900

Correct Answer: a per capital GNP of more than $900 ✔

Option A: causes development

Option B: is positively related to development

Option C: id inversely related to development

Option D: inhibits development

Correct Answer: is positively related to development ✔

Option A: income earned through foreign exchange

Option B: the number of dollars earned in industry

Option C: income earned within a country’s boundaries

Option D: goods received from the nation’s residents

Correct Answer: C. income earned within a country’s boundaries ✔

Option A: government programs direct resources away from investment goods to consumer goods.

Option B: tariffs and quotas prevent countries from trading and thus prevent dollars from leaving each country

Option C: the rate of growth in real GNP is greater than the rate of growth in the population

Option D: the level of consumption expenditures rises relative to the level of savings

Correct Answer: the rate of growth in real GNP is greater than the rate of growth in the population ✔

Option A: average annual investment made in production of exported commodities

Option B: proportion of the primary export commodity in total exports

Option C: ratio of four leading commodities to total merchandise exports

Option D: total annual investment made in production of exported commodities

Correct Answer: ratio of four leading commodities to total merchandise exports ✔

Option A: a temperate climate

Option B: natural resources

Option C: an adequate capital bases

Option D: technological advance

Correct Answer: a temperate climate ✔

Option A: I and II only

Option B: III and IV only

Option C: IV only

Option D: I, II, III and IV

Correct Answer: I, II, III and IV ✔

Option A: is productive activity to obtain private benefit from public action and resources

Option B: are the payments above the minimum essential to attract the resources to the market?

Option C: is the wage used to pay unskilled workers?

Option D: does not include monopoly profits

Correct Answer: are the payments above the minimum essential to attract the resources to the market? ✔

Option A: commodity exports as a percentage of GDP per capita of exporting country divided by importing country

Option B: export earnings as a ratio of population

Option C: total merchandise export divided by Gross National Income

Option D: food, raw materials minerals and organic oils and fat as a percentage of total merchandise exports

Correct Answer: commodity exports as a percentage of GDP per capita of exporting country divided by importing country ✔

Option A: approximated investment minus actual investment

Option B: inflow of investment from abroad

Option C: sum of previous gross investment minus depreciation

Option D: difference between GDP and capital consumption

Correct Answer: sum of previous gross investment minus depreciation ✔

Option A: rural politicians

Option B: rural cultivators

Option C: rural industrialist

Option D: rural, religious group

Correct Answer: rural cultivators ✔

Option A: convex

Option B: inverted U shaped

Option C: L-shaped

Option D: S-Shaped

Correct Answer: inverted U shaped ✔