economic development in historical perspective Mcqs
1. Asian tigers or newly industrializing countries (NICs) of East and Southeast Asia include the following except ?
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A. Singapore

B. Taiwan

C. South Korea

D. China
2. More than seventy percent of the population of fast g: owers lives in ?
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A. Europe

B. Russia

C. China

D. United States

3. Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?
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A. income per capita in poor countries grows conditional upon foreign aid

B. income per capita in rich countries grows faster than in poor countries

C. income per capita in poor countries grows faster than in rich countries

D. income per capita is the same regardless of poor or rich countries

4. How has the relative gap between GNP per capita for Western Europe and GNP per capita for African less-developed countries changed from the late nineteenth century to the present ?
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A. remained the same

B. cannot be determined

C. increased

D. declined

5. The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?
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A. Vietnam

B. Four tigers

C. Thailand

D. Japan

6. The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?
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A. Thailand

B. Vietnam

C. The four tigers

D. Japan

7. Koreas keirestsu-like corporate conglomerates is known as ?
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A. zaibatsu

B. laissez faire

C. bourgeoisie

D. chaebol
8. On what did the Russian Soviet development model of growth not depend ?
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A. state monopolized trading

B. diverting savings from agriculture to industry

C. markets for allocating resources

D. state assisted entrepreneurs

9. Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?
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A. real domestic currency depreciation exists

B. low interest rates

C. political instability inhibits world-wide investment

D. human capital or technical skills were lacking
10. Perestroika in the former Soviet Union refers to ?
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A. economic restructuring by Gorbachev

B. intensified central planning

C. total market reliance for resource allocation

D. None of the above

11. Based on the 2010 population survey four of the five most populous countries include ?
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A. China, India, Indonesia, and Brazil

B. Russia, Pakistan Bangladesh and Nigeria

C. China, Russia, Mexico, and Indonesia

D. Russia, China, India, and South Africa

12. Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?
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A. Taiwan and South Korea

B. Sierra Leone and Nigeria

C. Canada and the United States

D. Ghana and Mexico

13. Why has modern economic growth mainly been in western countries ?
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A. the rise of capitalism

B. an emphasis on trade restrictions

C. the use of the medieval economy

D. a strong Catholic church intervention in the economic decisions

14. ASEAN refers to the ?
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A. Association of South East Asian Nations

B. Association of South East Argo Nations

C. Alliance of South Eastern African Nations

D. Alliance of South East Asian Neighbors

15. The bourgeoisie refers to ?
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A. the monarchy

B. the aristocrats of wealthy nations

C. the capitalist and middle class

D. the central planners of the Soviet Union

16. Keiretsu refers to ?
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A. financial cliques

B. horizontal manufacturing groups consisting of a core company and its partners

C. groups of affiliated companies loosely organized around a large bank

D. State-assisted entrepreneurs

17. Two countries that still rely on the Soviet communist model of development are ?
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A. China and Hong Kong

B. Cuba and North Korea

C. Ghana and Nigeria

D. Poland and Germany