Global Economic Development(Economics ) Questions and Answers

Question 1. Which of the following could be considered critical s in development economics ?
  1.    How do the poorest 2/3 of the world live?
  2.    What are the major theories of economic development
  3.    what factors affect labor skills in the third world?
  4.    All of the above are correct
Explanation:-
Answer: Option D. -> All of the above are correct
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 2. In which of the following countries would you expect material lifestyles to be most like those in the United States ?
  1.    Nigeria
  2.    Japan
  3.    India
  4.    Mali
Explanation:-
Answer: Option B. -> Japan
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 3. The poorest region of the World is ?
  1.    the Middle East
  2.    Sub Saharan Africa
  3.    Asia
  4.    Latin America
Explanation:-
Answer: Option B. -> Sub Saharan Africa
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 4. Which of the following could not be considered a major economic system ?
  1.    capitalism
  2.    physical quality of life index
  3.    socialism
  4.    communism
  5.    None of the above
Explanation:-
Answer: Option B. -> physical quality of life index
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 5. Which of the following countries are not newly industrialized countries (NICs) ?
  1.    Taiwan
  2.    North Korea
  3.    Singapore
  4.    Hong kong
Explanation:-
Answer: Option B. -> North Korea
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 6. Development economics focuses primarily on the poorest ______ of the worlds?
  1.    population
  2.    two thirds
  3.    one third
  4.    28 percent
Explanation:-
Answer: Option A. -> population
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 7. Of the World’s population what portion lives in developing countries ?
  1.    approximately 35%
  2.    approximately 80%
  3.    nearly 10 billion people
  4.    nearly 1 billion people
Explanation:-
Answer: Option B. -> approximately 80%
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 8. Which of the following characteristics are most likely found in developing countries ?
  1.    high population growth rates
  2.    large number of people living in poverty
  3.    very traditional methods of agricultural production
  4.    All of the above
Explanation:-
Answer: Option D. -> All of the above
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 9. Which country is not a transitional economy ?
  1.    china
  2.    Russia
  3.    Hungary
  4.    Mexico
Explanation:-
Answer: Option D. -> Mexico
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
Question 10. Which of the following are not third-world regions ?
  1.    Latin America
  2.    Asia
  3.    Africa
  4.    Australia
Explanation:-
Answer: Option D. -> Australia
NO EXPLANATION IS AVAILABLE FOR THIS QUESTION!
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