Economics Mcqs
Which of the following characteristics are most likely found in developing countries ?

A. High population growth rates
B. Large number of people living in poverty
C. Very traditional methods of agricultural production
D. All of the above

Development economics focuses primarily on the poorest ______ of the worlds?

A. Population
B. Two thirds
C. One third
D. 28 percent

Of the World’s population what portion lives in developing countries ?

A. Approximately 35%
B. Approximately 80%
C. Nearly 10 billion people
D. Nearly 1 billion people

Which of the following could not be considered a major economic system ?

A. Capitalism
B. Physical quality of life index
C. Socialism
D. Communism

According to the signaling view of the education ?

A. Can make any worker into a superstar
B. Increases human capital and the wages of workers
C. Only helps firms sort workers into high ability and low-ability workers
D. Reduces the wage gap between high-skill and low-skill workers.

According to the human capital view of education ?

A. Has no impact on the human capital of workers?
B. Increases human capital and the wages of workers
C. Can make any worker into a superstar
D. Only helps firms sort workers into high ability and low-ability workers.

Which of the following are not third-world regions ?

A. Latin america
B. Asia
C. Africa
D. Australia

Which country is not a transitional economy ?

A. China
B. Russia
C. Hungary
D. Mexico