Development Economics MCQs Questions 3

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.

/20

Created by Muhammad Imdad Ullah

Uncategorized

Development Economics Quiz 3

Online Multiple Choice Type Questions from Development Economics with Answers

1 / 20

Which of the following is a characteristic of a mixed economy?

A focus on free-market capitalism

A combination of private and public ownership of industries

Complete government ownership of all industries

Minimal government intervention

2 / 20

What does the term "Brain Drain" refer to in the context of development economics?

A decline in innovation and technology adoption

An increase in the number of people with advanced degrees

A decrease in government spending on education

The migration of skilled individuals from developing countries to developed countries

3 / 20

Which of the following is not a characteristic of a developing country?

Limited access to healthcare

Low income levels

High population growth

High levels of industrialization

4 / 20

Which theory of development emphasizes the role of cultural factors in economic growth?

Modernization theory

Export-led growth theory

Human development theory

Dependency theory

5 / 20

Which of the following is an example of a non-renewable resource?

Freshwater

Wind energy

Fossil fuels

Solar energy

6 / 20

According to the Lewis Model, what is the "unlimited labor supply"?

The surplus labor in the agricultural sector

The total labor force in a country

The labor force in the informal economy

The number of people employed in manufacturing

7 / 20

What is the name of the economic theory that argues that government intervention in the market should be minimal?

Mercantilism

Keynesian economics

Laissez-faire economics

Protectionism

8 / 20

What is the primary goal of export-led growth strategies?

Increasing exports to boost economic growth

Promoting domestic consumption

Encouraging foreign aid

Reducing income inequality

9 / 20

What is the primary goal of microfinance institutions?

Managing government budgets

Providing loans to low-income individuals and small businesses

Promoting large-scale corporate investments

Regulating financial markets

10 / 20

What does the "Poverty Trap" refer to in development economics?

A government program to eradicate poverty

A sudden increase in income for a poor individual

A situation where poverty is self-perpetuating due to various factors

A decline in economic growth

11 / 20

What is the term for a government policy that restricts the quantity of a good that can be imported into a country?

Free trade

Protectionism

Export promotion

Import substitution

12 / 20

Which of the following is a characteristic of a command economy?

Minimal government intervention in economic activities

Private ownership of all industries

A focus on consumer choice

Centralized government planning and control

13 / 20

Which of the following is an example of foreign direct investment (FDI)?

A developing country receiving loans from an international organization

A developing country exporting agricultural products to a foreign market

A foreign government providing a grant to a developing country

A foreign company building a factory in a developing country

14 / 20

Which organization provides loans and financial assistance to developing countries?

European Union (EU)

World Trade Organization (WTO)

Organization of Petroleum Exporting Countries (OPEC)

International Monetary Fund (IMF)

15 / 20

Which organization provides technical assistance and capacity-building support to developing countries?

United Nations (UN)

International Monetary Fund (IMF)

World Trade Organization (WTO)

World Bank

16 / 20

Which organization is responsible for setting global trade rules and resolving trade disputes?

International Monetary Fund (IMF)

World Trade Organization (WTO)

United Nations (UN)

World Health Organization (WHO)

17 / 20

Which development indicator is often used to measure access to education?

Literacy rate

Human Development Index (HDI)

Gini coefficient

GDP per capita

18 / 20

Which theory of development focuses on the idea that economic growth should improve the quality of life for all members of society?

Human development theory

Economic growth theory

Modernization theory

Export-led growth theory

19 / 20

What is the term for a situation where the price of a good is below its production cost?

Market equilibrium

Price floor

Market surplus

Price ceiling

20 / 20

What does the "Resource Curse" refer to in development economics?

The overexploitation of natural resources

A government program to exploit natural resources

A situation where resource-rich countries experience slow economic growth

An increase in resource prices on global markets

Your score is

The average score is 0%

0%

Restart quiz

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?

Try the Generative AI MCQs Test