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

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. 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...

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

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

4. 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...

5. 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%...

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

   A. Singapore B. U.K C. Japan D. South Africa...

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

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

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. If two countries A and B are member of a currency union and there is a shift in consumer preferences away from the goods of country A and towards those of country B than which one of the following would help to offset the effect of the resulting changes in aggregate demand in A and B on inflation and unemployment in the tow countries ?

   A. A high degree of labour mobility between the tow countries B. An increase in government spending in country (A) C. A depreciation in the foreign exchange value of the common currency D. A low degree of capital mobility between the two countries...

10. Which of the following countries is not a low-income country ?

    A. Ethiopia B. Rwanda C. Somalia D. Singapore...