A widely used indicator to differentiate developed countries from developing countries is ?

Related Mcqs:

1. What is the ratio of population density of developing countries to the population of developed countries ?

   A. 10
   B. 2
   C. no more than 1
   D. 20

2. Which of the following is not a problem in comparing developed and developing countries GNP ?

   A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods
   B. The economic contribution of a housewife is a peasant family may not be measured is GNP is poor country
   C. GNP in understated for developing countries since many of their labor intensive good have no impact on exchange rate since they are not traded
   D. GNP is overstated for for countries where the price of foreign exchange is less than market clearing price

3. Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

   A. higher than
   B. equal to
   C. lower than
   D. there is no general pattern

4. To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

   A. international commodity agreements program
   B. multilateral contract program
   C. generalized system of preferences program
   D. export-led growth program

5. Developing countries, if compared with other countries, have ?

   A. a lower rate of illiteracy
   B. a greater degree of equality in the income distribution
   C. a lower infant mortality rate
   D. a smaller percentage of the labor force in urban areas

6. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

7. Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

   A. export promotion
   B. import promotion
   C. international commodity agreements
   D. multilateral contracts

8. Among the institutions and policies that have been created to support developing countries are?

   A. the world Bank
   B. the international Monetary Fund
   C. The Generalized System of Preferences
   D. All of the above

9. Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

   A. multilateral contracts
   B. production and export controls
   C. buffer stock arrangements
   D. tariff-rates quotas

10. In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

    A. Px/Pm
    B. Pm/Px
    C. (Pm/Px)Qm
    D. (Px/Pm)Qx