Most of Latin America has been characterized by ______ large land-grand estates owned by the few and ________ small poor holdings that rarely provide adequate employment for a family ?

Related Mcqs:

1. When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?

   A. interest
   B. dividends
   C. increases in stocks of goods
   D. retained earnings

2. What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ?

   A. monopolistic business from abroad
   B. reactionary ruling coalitions
   C. weak domestic middle class
   D. All of the above

3. Structural economists from the United Nations Economic Commission for Latin America (ECLA) emphasized ?

   A. contractionary monetary and fiscal policies
   B. currency devaluation
   C. long-run institutional and structural economic change
   D. short term-adjustment with a human face

4. ____ was a strategy for industrial development popular in Latin America in the 1950s 1 1960s for promoting domestic production by erecting high protective tariffs on imports of manufactured goods ?

   1. export led growth
   2. import substitution
   3. dynamic hedging
   4. countervailing duties

5. Since World War II, people in both Africa and Latin America have moved from rural to urban areas, The major cause of this movement has been the ?

   A. rejection of traditional custom
   B. expectation of improved economic opportunities
   C. guarantee of better housing
   D. fear of civil war

6. Which term is used for a country’s holdings of intentionally acceptable means of payment ?

   A. Holdings
   B. Reserves
   C. Foreign currency
   D. Treasure

7. When real income increases other things equal we can expect the demand for real money holdings to ?

   A. fall
   B. not change
   C. increase
   D. None of these

8. Which of the following is called a wholly or partially owned company what is the part of the large corporation?

   A. Baby company
   B. Child company
   C. Small holding
   D. Subsidiary

9. By using fiscal policy, i (e) varying ______ and/or _____ governments achieve goals for output and employment growth as well as price stability?

   A. demand pull inflation tax elasticity
   B. interest rates, financial liberalization
   C. interest rates, tax rates
   D. tax rates, government spending

10. The abolition of income tax would probably ______ the number of workers in employment and _______ the equilibrium rate of unemployment?

    A. increase reduce
    B. increase, increase
    C. reduce, increase
    D. reduce, reduce