Economics Mcqs — Test 5

Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?

Which statement best explains China’s economic shift towards capitalism in the 1980s and early 1990s ?

Which statement best describes how a command economy functioned in the Soviet Union ?

The economic policy of mercantilism first developed during the ?

Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?

Which of the following practices of cultivation can be referred to as crop rotation ?

Cocoa is a tropical plant and requires heat and moisture. Which of the following countries is leading in cocoa productions in the World ?

Which country has the largest area in the world ?

Which one of the following countries is the largest oil consumer of the world ?

Kharif crops include ?