Practice MCQ Questions and answers on World Economy (Miscellaneous)

A. an equality of trade position

B. a favorable balance of trade

C. a more open market

D. a belief system

A. granted independence as soon as possible

B. Considered an economic burden for the colonial power

C. encouraged to develop their own industries

D. acquired as markets and sources of raw materials

A. an expansion of China’s colonial empire

B. an increase in trade with the West

C. a return to a strict command economy

D. the success of the commune system

A. demand of world markets for such crops

B. lack of modern agricultural technology

C. inadequate supply of water and other natural resources

D. peasant ownership of most farmlands

A. China’s trade deficit with the United States was very high

B. The United States refused to place quotas on Chinese goods

C. The United States imported more from China than it exported to China

D. China lowered tariffs on goods imported from the United States

A. The Japanese government has place limits on Japanese exports

B. Japanese industries spend very little on the research and development of new products

C. The Japanese government and Japanese businesses have cooperated with each other

D. Japanese citizens save less of their incomes than the citizens of other industrialized nation do

A. reduction in spending on military goods leads to economic depression

B. dependence on foreign trade usually leads to a weakened national economy

C. territorial aggression is not necessary to secure national economic goals

D. democratic institution hinder economic growth

A. to main peace in the Middle East

B. access to the Mediterranean Sea

C. to reestablish the Byzantine Empire

D. The rich farmland of the Anatolian Plateau

A. use of strip mining to obtain minerals

B. reliance on capitalist economic systems

C. lack of access to world markets

D. scarcity of water resources

A. Nepal

B. Pakistan

C. India

D. China