Economic Development In Historical Perspective MCQs

Option A: Russia, Pakistan Bangladesh and Nigeria

Option B: China, India, Indonesia, and Brazil

Option C: Russia, China, India, and South Africa

Option D: China, Russia, Mexico, and Indonesia

Correct Answer: China, India, Indonesia, and Brazil ✔

Option A: Association of South East Argo Nations

Option B: Association of South East Asian Nations

Option C: Alliance of South East Asian Neighbors

Option D: Alliance of South Eastern African Nations

Correct Answer: Association of South East Asian Nations ✔

Option A: Ghana and Nigeria

Option B: Poland and Germany

Option C: Cuba and North Korea

Option D: China and Hong Kong

Correct Answer: Cuba and North Korea ✔

Option A: Ghana and Mexico

Option B: Canada and the United States

Option C: Sierra Leone and Nigeria

Option D: Taiwan and South Korea

Correct Answer: Taiwan and South Korea ✔

Option A: a strong Catholic church intervention in the economic decisions

Option B: an emphasis on trade restrictions

Option C: the use of the medieval economy

Option D: the rise of capitalism

Correct Answer: the rise of capitalism ✔

Option A: China

Option B: United States

Option C: Russia

Option D: Europe

Correct Answer: China ✔

Option A: zaibatsu

Option B: chaebol

Option C: laissez faire

Option D: bourgeoisie

Correct Answer: chaebol ✔

Option A: groups of affiliated companies loosely organized around a large bank

Option B: horizontal manufacturing groups consisting of a core company and its partners

Option C: State-assisted entrepreneurs

Option D: financial cliques

Correct Answer: groups of affiliated companies loosely organized around a large bank ✔

Option A: Japan

Option B: The four tigers

Option C: Vietnam

Option D: Thailand

Correct Answer: Vietnam ✔

Option A: income per capita is the same regardless of poor or rich countries

Option B: income per capita in poor countries grows faster than in rich countries

Option C: income per capita in rich countries grows faster than in poor countries

Option D: income per capita in poor countries grows conditional upon foreign aid

Correct Answer: income per capita in poor countries grows faster than in rich countries ✔

Option A: the monarchy

Option B: the central planners of the Soviet Union

Option C: the capitalist and middle class

Option D: the aristocrats of wealthy nations

Correct Answer: the capitalist and middle class ✔

Option A: total market reliance for resource allocation

Option B: economic restructuring by Gorbachev

Option C: intensified central planning

Option D: None of the above

Correct Answer: economic restructuring by Gorbachev ✔

Option A: low interest rates

Option B: political instability inhibits world-wide investment

Option C: human capital or technical skills were lacking

Option D: real domestic currency depreciation exists

Correct Answer: human capital or technical skills were lacking ✔

Option A: diverting savings from agriculture to industry

Option B: state assisted entrepreneurs

Option C: state monopolized trading

Option D: markets for allocating resources

Correct Answer: markets for allocating resources ✔

Option A: Japan

Option B: Four tigers

Option C: Vietnam

Option D: Thailand

Correct Answer: Vietnam ✔

Option A: South Korea

Option B: China

Option C: Taiwan

Option D: Singapore

Correct Answer: China ✔

Option A: declined

Option B: increased

Option C: remained the same

Option D: cannot be determined

Correct Answer: increased ✔