Why has modern economic growth mainly been in western countries ?

Related Mcqs:

1. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese B. import substitution C. export orientation D. commodity expansion...

2. 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...

3. How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?

   A. declined B. increased C. remained the same D. cannot be determined...

4. 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...

5. A period of rapid population growth between a preindustrial stable population characterized by high birth and death rates and a later modern, stable population marked by low fertility and mortality is known as ?

   A. demographic transition B. population maturity C. demobilizing population D. birth-death transformation...

6. The Harrod Domar growth model suggests that growth is ?

   A. directly related to savings and inversely related to the capital/output ratio B. directly related to the capital/output ratio and inversely related to savings C. indirectly related to savings and the capital/output ratio D. directly related to savings and the capital/output ratio...

7. In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?

   A. Poverty rates B. food security index C. change in the quantity of food demanded per capita D. population growth...

8. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

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

9. Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?

   A. Hispanics and Asians B. African Americans C. Western Europeans D. Middle Eastern...

10. The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

    A. saving, investment B. capital per person, productivity C. labor growth, output D. investment capital per person...