Economic development refers to ?

Related Mcqs:

1. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese
   B. import substitution
   C. export orientation
   D. commodity expansion

2. Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?

   A. End benefit
   B. Trickle down
   C. Free market
   D. Capitalism

3. Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?

   A. traditional
   B. feudal
   C. command
   D. mercantile

4. Economic development ?

   A. Is the same as economic growth
   B. Means improvement in lifestyle
   C. Exists when there is equal distribution of income
   D. All of the above

5. During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?

   A. neoclassicism
   B. Marxism
   C. Rostow’s model
   D. classical appraoch

6. Historically countries at early stages of rapid economic development have tender to experience ?

   A. trade deficit and an excess of investment over domestic saving
   B. trade surplus and an excess of investment over domestic saving
   C. trade deficits and an excess of domestic savings over investment
   D. trade surpluses and an excess of domestic saving over investment

7. As economic development proceeds income inequality tends to follow a(n) _____ curve?

   A. convex
   B. inverted U shaped
   C. L-shaped
   D. S-Shaped

8. Which of the following is not a requirement for economic development ?

   A. a temperate climate
   B. natural resources
   C. an adequate capital bases
   D. technological advance

9. Which condition is a major obstacle to economic development in the Middle East and Northern Africa ?

   A. use of strip mining to obtain minerals
   B. reliance on capitalist economic systems
   C. lack of access to world markets
   D. scarcity of water resources

10. In development economics, who said,”Economic growth means more output”.

    A. Maddison
    B. Kindleberger
    C. Todaro
    D. Friedman

    Submitted by: Abdul Saboor Nasar