Dual economies are countries ?

Related Mcqs:

1. A dual economy is distinguished from other economies by having ?

   A. an industrial sector and a manufacturing sector
   B. a traditional agricultural sector and a modern industrial sector
   C. state owner ship of the means of production
   D. an industrial sector that concentrates on manufacturing and construction

2. According to Lewis’s model the dual economy grows only when ?

   A. the modern sector increases its output share relative to the traditional sector
   B. agricultural sector uses modern equipment
   C. agricultural sector hires labor economically
   D. modern manufacturing sector is labor intensive

3. 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

4. The low-income economies generally have the following except ?

   A. deficient infrastructures
   B. low life expectancies
   C. low savings
   D. a per capital GNP of more than $900

5. Economies of Scale meaning ?

   A. Cost on all products
   B. Reduced per unit Cost 
   C. Higher per unit Cost
   D. None of these

   Submitted by: Adnan Rai

6. The trade model of the Swedish economies Heckscher and Ohlin maintains that ?

   A. Absolute advantage determines the distribution of the gains from trade
   B. Comparative advantage determines the distribution of the gains from trade
   C. The division of labor is limited by the size of the world market
   D. A country exports goods for which its resource endowments are most suited

7. Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?

   A. Yujiro Hayami
   B. Raanan Weitz
   C. Hans Singer
   D. Tim Dyson

8. Members of the EU find that trade creation|| is fostered when their economies are ?

   A. highly competitive
   B. highly noncompetitive
   C. small in economic importance
   D. geographically distant

9. Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?

   A. low interest rates
   B. political instability inhibits world-wide investment
   C. human capital or technical skills were lacking
   D. real domestic currency depreciation exists

10. A case when internal economies of scale bring about a continuously falling average cost curve that makes having more than one firm in an industry inefficient is illustrative of ?

    A. a natural monopoly
    B. an LDC’s limit of one firm to an industry
    C. an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
    D. The existence of oligopoly