All MCQs

The main difference between Latin America adoption of Import Substituting The main difference between Latin America's and Korea, in their adoption of Import Substituting Strategies ; is the use of policies where Select one: C} a. tariffs are supposedly levied on all imports but not more than 56% of the imports faced this trade policy {3 b. Large parcels of land are developed as export processing zones {3 c. selective protectionism is adopted where government tend to pick the winners from the private sectors and nurture them. {3' d. All policies are replicating those adopted in Japan. \fThe rapid rate of trade liberalisation with large inow of FDls and most The rapid rate of trade liberalisation with large inow of FDls and most manufacturing production plants located in more developed states and cities resulted In Select one: C} a. ll the given options {3' b. Urban immigration and a fall in birth rates {3' c. Rising level of urban povertyr C} d. Emergence of urban slums The structuralist approach to industrialization emphasises on The structuralist approach to industrialization emphasises on Select one: D a. government directing the structural transformation of economy towards the manufacturing sectors {3' b. strengthening the growth of existing industries C} c. promoting the stateowned enterprise D d. nationalizing all industries to he governmentrun operations \fWhich of the following are also supporting macroeconomic conditions that Which of the following are considered to be lcejrir macroeconomic conditions that allowed the East Asian economies to perform well in the period of 1965 to 199:]? Select one: C} a. No foreign aids resulting in low external debt {3' la. Low tax rates on personal and corporate earnings {3' c. A lower ination rate of average 3% .as compared to the level in the other economies; C} d. A strong local currency\":r Which of the following are valid argument against FDI inows? Which of the following are valid argument against FDI inows? Select one: C} a. the l'leCs truncate the production process. minimising the level of technology and knowledge transfer in the host country. 0 b. the MM: may sought the host country as a tax haven and not generating enough income and employment to the host country. {3' c. All the given options {3' d. the distortion of resources where fundsr labour are steered towards the MNCS and away from the local rms. Which of the following description about lChina StateOwned Enterprises {50E} Which of the following description about lChina StateWned Enterprises {SUE} is true? Select one: C} a. They tend to produce at over capacity and land in huge debts C} b. They only produced goods for the exporting market {3' c. They are still fully owned and funded by the Chinese government {3' d. They only operate in the Special economic zones Which of the following explains why.r ASEAN integration to be an economic union... Which of the following explains why...r ASEAN integration to be an economic union may not be as smooth as the European Union? Select one: C} a. SEAN members consider each other as competitors in their exporting markets {3' b. The difference in culture and politioal beliefs {3' c. The large difference in their economic development strategies and goals {3' d. All the given options \fExportoriented industrialization Which of the following is not considered as an advantage of exportoriented industrialization? Select one: C} a. The domestic industries grow accustomed to protection and have an incentive to become more efcient. C} b. Production of manufactured goods for export requires and stimulates efciencyr throughout the economy. {3' c. It overcomes the smallness of the domestic market and allows developing nations to take advantage of economies of scale. C} d. The expansion of manufactured exports is not limited by the size of the domestic market Which of the following is not part of China export promotion strategies? Which of the following is not part of China export promotion strategies? Select one: C} a. An unrestricted ow of workers from rural to urban sectors. {3 b. State banks offer cheap loans to exporting rms in the special economic zones. {3 c. Participation in multilateral as well as regional trade agreements. C} d. An undewalued currency. Which of the following mav not be considered as a critical condition Which of the following may\":r not be considered as a critical condition of affecting the next stage of growth and development of the Asia economies? Select one: C} a. New trade integrations such as the revised Transpacific Partnership UPP] and initiatives like China Elelt Route Initiative {3' b. Government's mounting internal debt {3' c. The changing political climate in the Advanced Economieszegions such as USA, European Union. 0 d. The sizable digital economy.' in Asia. While many hsia economies have successfully slashed poverty by half, but While many rsia economies have successfully slashed poverty by half, but poverty still remain as a concern where Select one: C} a. The absolute number of people living belovir the poverty line is still huge and mostly residing in Asia. {3 b. Government is running out of funds to solve the poverty issues. {3 c. The poverty line measured against USA is inaccurate. C} d. The data might not have captured the situation of those in the rural areas