A dual economy is distinguished from other economies by having ?
Dual economies are countries ?
What is the ratio of population density of developing countries to the population of developed countries ?
In low-income countries the average agricultural family produces a surplus ?
Assume that the real income of developing Island increases from $120,000 to $160,000 from 2005 to 2006 while its population expands from 1000 to 1100 during the same period Real income per capita has increased by about ?
Which one of the following countries is not a high-income country ?
Clientelism ?
The following statements are true about informal sector except ?
According to Lewis’s model the dual economy grows only when ?
Which of the following statement is true about low-income countries ?
Two or more nuclear families of parent(s) and children is known as ?
Increases in real GNP per capita occur when ?
The low-income economies generally have the following except ?
Industrialization?
What is gross domestic product (GDP) ?
Increasing in the real GNP per capita occur when ?
A country’s export commodity concentration ratio is the ?
Which of the following is not a requirement for economic development ?
The informal sector includes ?
Export primary commodity concentration ratios are ?
A country’s capital stock is the ?
Peasants are ?
As economic development proceeds income inequality tends to follow a(n) _____ curve?

Economic rent ?

A. is productive activity to obtain private benefit from public action and resources
B. are the payments above the minimum essential to attract the resources to the market?
C. is the wage used to pay unskilled workers?
D. does not include monopoly profits

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

Last Updated: June 11, 2019