Characteristics and Institutions of Developing Countries
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- Characteristics and Institutions of Developing Countrieseconomics-mcqs › characteristics-and-institutions-of-developing-countries
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
Browse all Characteristics and Institutions of Developing Countries MCQs →
Explanation
Germany, the United Kingdom, and Canada are all considered high-income countries based on global economic classifications. Mexico, however, is categorized as an upper-middle-income country, making it the correct choice here.
More Characteristics and Institutions of Developing Countries MCQs
Practice related questions from the same subject.
- 1.What characteristic sets a dual economy apart from other types of economies?
- 2.What defines a dual economy in a country?
- 3.What is the ratio between the population density of developing nations and the total population of developed nations?
- 4.In low-income nations, how much surplus does the typical farming household generate?
- 5.If the real income of Developing Island rises from $120,000 in 2005 to $160,000 in 2006, and its population grows from 1,000 to 1,100 during that time, approximately how much did the real income per person increase?
- 6.Which statements correctly describe clientelism?
- 7.Which of the following statements is NOT true about the informal sector?
- 8.In Lewis’s dual-sector model, under what condition does the dual economy experience growth?
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