Economics MCQs

A. Wage costs per unit of output
B. Wage rate that prevails in ldcs
C. Wage rate divided by the productivity of labor
D. Marginal product of labor divided by wage

A. Causes development
B. Is positively related to development
C. Id inversely related to development
D. Inhibits development

A. Deficient infrastructures
B. Low life expectancies
C. Low savings
D. A per capital gnp of more than $900

A. Government programs direct resources away from investment goods to consumer goods.
B. Tariffs and quotas prevent dollars from leaving the country
C. The rate of growth of real gnp is greater than the rate of growth of population
D. The level of consumption expenditures rises relative to the level of saving

A. Dual family
B. Institutional family
C. Extended family
D. Two-tier family tree

A. Less than 10% of the labor force is in agriculture
B. The average agriculture family produces surplus large enough only to supply small non-agriculture population
C. One-third of the labor force produce food
D. Share of labor force is about 30%

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

A. Uses no mechanical power
B. May be enterprises with less than 10 workers
C. Production is capital intensive
D. Uses family workers

I- Is also known as patrimonialism
Ii- is the dominant pattern in many ldcs
Iii- is a personalized relationship between patrons and clients
Iv- commands equals wealth, status or influence, based on unconditional loyalties and involving mutual benefits

A. Germany
B. United kingdom
C. Canada
D. Mexico