All of the following are high income countries except ?

Related Mcqs:

1. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000
   B. less than $5000, $5000-$15000 and more than $15000
   C. less than $100, $100-$1000 and more than $1000
   D. less than $5000, $5000-$150000 and more than $150000

2. All of the following are high income countries except ?

   A. the United Kingdom
   B. Singapore
   C. Japan
   D. Hungary

3. A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

   A. a proportional tax
   B. a regressive tax
   C. an equitable tax
   D. a progressive tax

4. All of the following are low income countries except ?

   A. United Arab Emirates
   B. Armenia
   C. Sudan
   D. Bangladesh

5. Which of the following are low income countries income country ?

   A. Canada
   B. United States
   C. Mexico
   D. Australia

6. If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?

   A. 30%
   B. 10%
   C. 70%
   D. 40%

7. Which one of the following countries is not a high-income country ?

   A. Germany
   B. United Kingdom
   C. Canada
   D. Mexico

8. In 1990, during the Persian Gulf War, the U.S government extended generous terms to two middle-income countries by canceling or reducing their debt The two countries were ?

   A. Iraq and Iran
   B. Egypt and Poland
   C. Pakistan and Afghanistan
   D. Saudi Arabia and Jordan

9. 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

10. 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