The most industrialized country in Asia is ?

Related Mcqs:

1. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A
   B. wages and rents should rise in Country A
   C. wages should rise and rents should fall in Country A
   D. wages should fall and rents should raise in Country A

2. Which of the following is not one of the Newly Industrialized Countries (NICs) ?

   A. Japan
   B. South Korea
   C. Taiwan
   D. Singapore

3. Which of the following countries are not newly industrialized countries (NICs) ?

   A. Taiwan
   B. North Korea
   C. Singapore
   D. Hong kong

4. The exchange rate system that best characterizes the present international monetary arrangement used by industrialized countries is ?

   A. freely fluctuating exchange rates
   B. adjustable pegged exchange rates
   C. managed floating exchange rates
   D. pegged or fixed exchange rates

5. Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?

   A. Wealth tax
   B. Withholding tax
   C. Income tax
   D. None of these

6. 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

7. Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ?

   A. South Korea
   B. China
   C. Taiwan
   D. Singapore

8. How much of the total population of the world is living in Asia ?

   A. 51%
   B. 62%
   C. 55.5%
   D. 58.6%

9. Term a country’s decision to tie the value of its currency to another country’s currency gold or a basket of currencies ?

   A. Pagged exchanged rate
   B. Fixed exchange rate
   C. Relative exchange rate
   D. Knotted exchange rate

10. If the autarky price of S were lower in country A than in country B then if trade were allowed ?

    A. A would likely export S to B
    B. A would likely import S from B
    C. neither country would want to trade
    D. None of the above