Economics MCQs

A. Debt rescheduling agreement
B. Debt service agreement
C. Program for growth
D. Stabilization program

A. Declined
B. Increased
C. Remained the same
D. Cannot be determined

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

A. Encourages mechanization
B. Allows the farmers to set the prices for their agricultural products
C. Enables farmers to escape the problem of diminishing return
D. Makes farmers owners of the land instead of tenants and owners’ farmers are more productive than tenant farmers

A. Modern sector and traditional sector
B. Town and country
C. Men and women
D. Rich people and poor people

A. The colonial period
B. The early 1950s
C. Most debt was incurred during the oil shocks of the 1970s
D. The early 1960s

A. An agreement with the world bank to turn some of a debt into other forms
B. A change in debt repayment due to inability to pay
C. Regular payments of interest and repayments of capital
D. A program of austerity measures agreed with the imf to make repayment possible

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

A. A lower rate of illiteracy
B. A greater degree of equality in the income distribution
C. A lower infant mortality rate
D. A smaller percentage of the labor force in urban areas

A. The newly industrialized countries like korea, taiwan malaysia
B. The republics of the former soviet union
C. Countries that still have a communist government like china and cuba
D. Countries that have fallen far behind the economic advances of the rest of the world