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
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Explanation
A dual economy is characterized by the coexistence of a modern industrial or manufacturing sector alongside a traditional agricultural sector within the same country.
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 is the ratio between the population density of developing nations and the total population of developed nations?
- 3.In low-income nations, how much surplus does the typical farming household generate?
- 4.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?
- 5.Identify the country from the list below that is classified as a middle-income nation rather than a high-income one.
- 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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