characteristics and institutions of developing countries MCQs – Page 2

Practise focused characteristics and institutions of developing countries questions with marked answers for exam preparation and subject revision.

characteristics and institutions of developing countries Mcqs
21. According to Lewiss model the dual economy grows only when ?
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A. agricultural sector uses modern equipment

B. modern manufacturing sector is labor intensive

C. agricultural sector hires labor economically

D. the modern sector increases its output share relative to the traditional sector
22. The following statements are true about informal sector except ?
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A. May be enterprises with less than 10 workers

B. Production is capital intensive

C. Uses no mechanical power

D. Uses family workers

23. In low-income countries the average agricultural family produces a surplus ?
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A. of zero

B. large enough to feed 25 other families

C. enough to supply only a small nonagricultural population

D. large enough of feed five other families

24. As economic development proceeds income inequality tends to follow a(n) _____ curve?
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A. S-Shaped

B. convex

C. inverted U shaped

D. L-shaped