MCQ Bank
An area with relatively high population density that contains a set of closely related activities is called:
- A) Farm house
- B) City
- C) Cottage
- D) Village
Agglomeration effects associated with the general growth of a concentrated geographic region is known as:
- A) Urbanization economies
- B) Economies of scale
- C) Localization economies
- D) Diseconomies of scale
The productive value of a set of social institutions and norms that raises expectations for participation in future cooperative behavior is called:
- A) Natural capital
- B) Capital stock
- C) Social capital
- D) Physical capital
The structural transformation that accompanies industrialization alters the physical landscape of nations by which of the following ways?
- A) Urbanization
- B) All of the given options
- C) Establishment of urban business enterprises
- D) Internal labor migration
The overall productivity level can be increased by making people aware that they will be able to generate more money if they enrich them with which of the following?
- A) All of the given options
- B) High level of skills
- C) Low level of training
- D) Low level of education
Which of the following shows the actual rate of growth?
- A) g = s / c
- B) g = s × c
- C) g = c / s
- D) g = c – s
Generally, the more developed the country, measured by per capita income, the greater the share of:
- A) Population living in rural areas
- B) Population living in urban areas
- C) Population living abroad
- D) Population living below poverty line
The rate of growth required for the full utilization of a growing stock of capital is called:
- A) Actual rate of growth
- B) Natural growth rate
- C) Warranted rate of growth
- D) Potential growth rate
An entity that provides benefits to all individuals simultaneously and whose enjoyment by one person in no way diminishes that of anyone else is called:
- A) Saving good
- B) Private good
- C) Investment good
- D) Public good
The rate of growth that is determined by the current growth of the working population and the current potential for technical progress is known as:
- A) Warranted rate of growth
- B) Actual rate of growth
- C) Potential growth rate
- D) Natural growth rate
Which of the following defines the saving ratio?
- A) Saving / output
- B) Output / saving
- C) Saving / capital
- D) Saving / investment
Which of the following defines the actual rate of growth?
- A) Saving ratio / capital output ratio
- B) Saving / output
- C) Capital / output
- D) Capital output ratio / saving ratio