When economists say that developing countries have a dualistic economy the 2 parts referred to are ?

Related Mcqs:

1. A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work, save and invest. These economists are?

   A. Supply-side economics
   B. neo-Keynesian economists
   C. rational-expectations economists.
   D. new classical economists.

2. A group of economists argue that the real problem with the economy is high rates of taxation and heavy regulation that reduce the incentives to work save and invest these economists are ?

   A. supply side economists
   B. neo-Keynesian economists
   C. rational -expectations economists
   D. New classical economists

3. When economists talk about developing countries experiencing flight of capital they mean?

   A. money lent to the country being immediately invested abroad
   B. People investing their money in urban business rather than agriculture
   C. money moving around financial institutions rather than being invested in production
   D. people investing money abroad rather than in their own country

4. Structuralist economists who study developing countries focus their attention on ?

   A. changes in industrial structure over time
   B. specific barriers to development and how to overcome them
   C. The impact of international trade structures on developing countries
   D. the caste of class structure and discrimination in the labor market

5. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

   A. None of these answers
   B. Disagree because they have different scientific judgments
   C. really don’t disagree at all. It just appears that they disagree
   D. disagree because they have different values

6. Suppose two economists are arguing about policies that deal with unemployment One economist says the government should fight unemployment because it is the greatest social evil The other economist response Nonsense Inflation is the greatest social evil These economists ?

   A. really don’t disagree at all It just appears that they disagree.
   B. disagree because they have different values.
   C. none of these answers.
   D. disagree because they have different scientific judgments.

7. When economists say that people act rationally in their self interest, they mean that individuals _______?

   A. look for and pursue opportunities to increase their utility
   B. generally disregard the interests of others
   C. are mainly creatures of habit
   D. are unpredictable

   Submitted by: Mansoor Ul Haque

8. An economy that trades with and has financial dealing with other countries is called a/an ________ economy?

   A. free-trade
   B. autarkic
   C. open
   D. mixed

9. Some economists and third-world policy makers criticize MNCs arguing that they have a negative effect on the developing country because they ?

   I- increasing the LDC’s technological dependence on foreign sources resulting in less technological innovation by local workers
   II- Hamper local entrepreneurship and investment in infant industries
   III- increase unemployment rates from unsuitable technology
   IV- Restrict subsidiary exports when they undercut the market of the parent company

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II, III and IV

10. The arrangement where goods imported from trading partners in the developing world are subject to lower tariff rates than goods from other countries is referred to as ?

    A. normal trade relation status
    B. most favored nation status
    C. offshore assembly provisions
    D. Generalized System of Preferences