MCQOPTIONS
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MCQOPTIONS
This section includes 10 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 of the following countries are not newly industrialized countries (NICs) ? |
| A. | Taiwan |
| B. | North Korea |
| C. | Singapore |
| D. | Hong kong |
| Answer» C. Singapore | |
| 2. |
Which of the following could not be considered a major economic system ? |
| A. | capitalism |
| B. | physical quality of life index |
| C. | socialism |
| D. | communism |
| E. | None of the above |
| Answer» C. socialism | |
| 3. |
Which of the following could be considered critical s in development economics ? |
| A. | How do the poorest 2/3 of the world live? |
| B. | What are the major theories of economic development |
| C. | what factors affect labor skills in the third world? |
| D. | All of the above are correct |
| Answer» E. | |
| 4. |
Which of the following characteristics are most likely found in developing countries ? |
| A. | high population growth rates |
| B. | large number of people living in poverty |
| C. | very traditional methods of agricultural production |
| D. | All of the above |
| Answer» E. | |
| 5. |
Which of the following are not third-world regions ? |
| A. | Latin America |
| B. | Asia |
| C. | Africa |
| D. | Australia |
| Answer» E. | |
| 6. |
Which country is not a transitional economy ? |
| A. | china |
| B. | Russia |
| C. | Hungary |
| D. | Mexico |
| Answer» E. | |
| 7. |
The poorest region of the World is ? |
| A. | the Middle East |
| B. | Sub Saharan Africa |
| C. | Asia |
| D. | Latin America |
| Answer» C. Asia | |
| 8. |
Of the World’s population what portion lives in developing countries ? |
| A. | approximately 35% |
| B. | approximately 80% |
| C. | nearly 10 billion people |
| D. | nearly 1 billion people |
| Answer» C. nearly 10 billion people | |
| 9. |
In which of the following countries would you expect material lifestyles to be most like those in the United States ? |
| A. | Nigeria |
| B. | Japan |
| C. | India |
| D. | Mali |
| Answer» C. India | |
| 10. |
Development economics focuses primarily on the poorest ______ of the worlds? |
| A. | population |
| B. | two thirds |
| C. | one third |
| D. | 28 percent |
| Answer» B. two thirds | |