Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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Which is not a feature of import-substitution industrialisation?
a. | Diversified industry | c. | Protectionist | b. | Limited imports | d. | Promoting
exports |
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2.
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Which of the following does not characterise export-led growth in East
Asia?
a. | Open to trade | c. | Targeted industrial policy | b. | Focus on
manufactured goods | d. | Protection of domestic markets |
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3.
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Which of the following describes the relationship between debt and aid for
developing countries?
a. | Aid should not be given because debt is to be avoided at all
cost. | b. | Debt is unavoidable so aid is always necessary. | c. | Proper use of aid
can help even an indebted country. | d. | Aid worsens the propensity to acquire
debt. |
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4.
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Which is not an indicator used in the Human Development Index?
a. | Education | c. | GDP per capita | b. | Happiness | d. | Health |
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5.
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Which of the following does not characterise Brazil's growth
experience?
a. | Import substitution industrialisation | c. | Inflation accompanying
growth | b. | Diversification of exports | d. | Reliance on sales of commodities |
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6.
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Which of the following does not characterise the transition of Russia?
a. | Macroeconomic stability | c. | Trade
liberalisation | b. | Privatisation | d. | Financial liberalisation |
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7.
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Which of the following statements does not describe China?
a. | Transition economy | c. | Rapid economic growth | b. | Developing
country | d. | Market
economy |
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8.
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All of the following describe international trade except for:
a. | Provides a level playing field for countries | b. | Accompanied global
growth in the post-War period | c. | Promotes efficiency | d. | Comparative
advantage allows country to benefit from specialisation and exchange |
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9.
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Which of the following is not part of the international economic
structure?
a. | IMF | c. | WTO | b. | World Bank | d. | U.S. Federal Reserve
Bank |
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10.
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Which of the following is not an approach to economic growth?
a. | Gradualist transition | c. | Import-substitution industrialisation | b. | Growth
accounting | d. | Export-led
growth |
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