Test your knowledge with these 20 “Development Economics MCQs Questions”! Perfect for economists, researchers, and Economics job seekers preparing for interviews. Covering key topics such as command economies, FDI, the resource curse, and more, this enhances your understanding of development economics today. Let us start with the Development Economics MCQs Questions now.
Online Development Economics MCQs Questions 3 with Answers
- Which of the following is a characteristic of a command economy?
- What is the term for a government policy that restricts the quantity of a good that can be imported into a country?
- Which of the following is an example of foreign direct investment (FDI)?
- What does the “Resource Curse” refer to in development economics?
- Which theory of development emphasizes the role of cultural factors in economic growth?
- What is the primary goal of export-led growth strategies?
- Which of the following is an example of a non-renewable resource?
- According to the Lewis Model, what is the “unlimited labor supply”?
- What is the term for a situation where the price of a good is below its production cost?
- Which organization provides technical assistance and capacity-building support to developing countries?
- Which of the following is a characteristic of a mixed economy?
- What does the term “Brain Drain” refer to in the context of development economics?
- Which organization is responsible for setting global trade rules and resolving trade disputes?
- What is the name of the economic theory that argues that government intervention in the market should be minimal?
- Which theory of development focuses on the idea that economic growth should improve the quality of life for all members of society?
- Which of the following is not a characteristic of a developing country?
- What does the “Poverty Trap” refer to in development economics?
- Which development indicator is often used to measure access to education?
- What is the primary goal of microfinance institutions?
- Which organization provides loans and financial assistance to developing countries?
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