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 ?
Economic rent ?
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?

The informal sector includes ?

I-artisans, cottage industrialists, petty traders, teashop proprietors
II- garbage pickers jitney unauthorized taxis repair persons
III- the self employed
IV- activities with little capital skill and entry barriers

A. I and II only
B. III and IV only
C. IV only
D. I, II, III and IV

Correct Answer: I, II, III and IV ✔

Last Updated: June 11, 2019