MCQOPTIONS
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MCQOPTIONS
This section includes 15 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ? |
| A. | Ghana and Mexico |
| B. | Canada and the United States |
| C. | Sierra Leone and Nigeria |
| D. | Taiwan and South Korea |
| Answer» E. | |
| 2. |
Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ? |
| A. | low interest rates |
| B. | political instability inhibits world-wide investment |
| C. | human capital or technical skills were lacking |
| D. | real domestic currency depreciation exists |
| Answer» D. real domestic currency depreciation exists | |
| 3. |
Why has modern economic growth mainly been in western countries ? |
| A. | a strong Catholic church intervention in the economic decisions |
| B. | an emphasis on trade restrictions |
| C. | the use of the medieval economy |
| D. | the rise of capitalism |
| Answer» E. | |
| 4. |
Two countries that still rely on the Soviet communist model of development are ? |
| A. | Ghana and Nigeria |
| B. | Poland and Germany |
| C. | Cuba and North Korea |
| D. | China and Hong Kong |
| Answer» D. China and Hong Kong | |
| 5. |
The bourgeoisie refers to ? |
| A. | the monarchy |
| B. | the central planners of the Soviet Union |
| C. | the capitalist and middle class |
| D. | the aristocrats of wealthy nations |
| Answer» D. the aristocrats of wealthy nations | |
| 6. |
Perestroika in the former Soviet Union refers to ? |
| A. | total market reliance for resource allocation |
| B. | economic restructuring by Gorbachev |
| C. | intensified central planning |
| D. | None of the above |
| Answer» C. intensified central planning | |
| 7. |
On what did the Russian Soviet development model of growth not depend ? |
| A. | diverting savings from agriculture to industry |
| B. | state assisted entrepreneurs |
| C. | state monopolized trading |
| D. | markets for allocating resources |
| Answer» E. | |
| 8. |
More than seventy percent of the population of fast g: owers lives in ? |
| A. | China |
| B. | United States |
| C. | Russia |
| D. | Europe |
| Answer» B. United States | |
| 9. |
Korea’s keirestsu-like corporate conglomerates is known as ? |
| A. | zaibatsu |
| B. | chaebol |
| C. | laissez faire |
| D. | bourgeoisie |
| Answer» C. laissez faire | |
| 10. |
Keiretsu refers to ? |
| A. | groups of affiliated companies loosely organized around a large bank |
| B. | horizontal manufacturing groups consisting of a core company and its partners |
| C. | State-assisted entrepreneurs |
| D. | financial cliques |
| Answer» B. horizontal manufacturing groups consisting of a core company and its partners | |
| 11. |
How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ? |
| A. | declined |
| B. | increased |
| C. | remained the same |
| D. | cannot be determined |
| Answer» C. remained the same | |
| 12. |
Based on the 2010 population survey four of the five most populous countries include ? |
| A. | Russia, Pakistan Bangladesh and Nigeria |
| B. | China, India, Indonesia, and Brazil |
| C. | Russia, China, India, and South Africa |
| D. | China, Russia, Mexico, and Indonesia |
| Answer» C. Russia, China, India, and South Africa | |
| 13. |
Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ? |
| A. | income per capita is the same regardless of poor or rich countries |
| B. | income per capita in poor countries grows faster than in rich countries |
| C. | income per capita in rich countries grows faster than in poor countries |
| D. | income per capita in poor countries grows conditional upon foreign aid |
| Answer» C. income per capita in rich countries grows faster than in poor countries | |
| 14. |
Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ? |
| A. | South Korea |
| B. | China |
| C. | Taiwan |
| D. | Singapore |
| Answer» C. Taiwan | |
| 15. |
ASEAN refers to the ? |
| A. | Association of South East Argo Nations |
| B. | Association of South East Asian Nations |
| C. | Alliance of South East Asian Neighbors |
| D. | Alliance of South Eastern African Nations |
| Answer» C. Alliance of South East Asian Neighbors | |