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
Economics Mcqs
Which one of the following countries is not a high-income country ?
A. Germany
B. United Kingdom
C. Canada
D. Mexico
Canada France, Germany, Italy, Japan, The United Kingdom and United States are ?
A. G-7 countries
B. countries with highest productivity growth in the world since 1960
C. countries with decreasing TFP growth since 1990s
D. countries with the lowest information technology equipment and software index prices
In low-income countries the average agricultural family produces a surplus ?
A. enough to supply only a small nonagricultural population
B. of zero
C. large enough of feed five other families
D. large enough to feed 25 other families
James Pickett D. J. C. Forsyth, and N. S McBain on the basis of field research in Africa, concluded that business people often want to use the most advanced design without knowing that it may not be the most profitable. They attribute this attitude to ?
A. maximum capital absorption
B. factor price distortions
C. engineering mentality
D. intermediate technology
What is the ratio of population density of developing countries to the population of developed countries ?
A. 10
B. 2
C. no more than 1
D. 20
he efficiency wage is the ?
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
Dual economies are countries ?
A. with double capital and labor/
B. with a modern manufacturing sector as well as traditional agriculture sector
C. that specialize in labor intensive products more than capital intensive products
D. with foreign owned and domestically owned capital
Suppose a project results in a net stream of $200 per year for 4 years, but nothing thereafter, Assume that the discount rate is 5 percent. The discounted value of the total income stream over the 4-year period is ?
A. 800
B. 40,000
C. more than zero but less than 800
D. less than zero