Which of the following statement is true about low-income countries ?
A. less than 10% of the labor force is in agriculture
B. the average agriculture family produces surplus large enough only to supply small non-agriculture population
C. One-third of the labor force produce food
D. share of labor force is about 30%
A dual economy is distinguished from other economies by having ?
A. an industrial sector and a manufacturing sector
B. a traditional agricultural sector and a modern industrial sector
C. state owner ship of the means of production
D. an industrial sector that concentrates on manufacturing and construction
Dual economies are countries ?
A. with double capital and labor/
B. with a modern manufacturing sector as well as traditional agriculture sector
C. that specialize in labor intensive products more than capital intensive products
D. with foreign owned and domestically owned capital
A. 10
B. 2
C. no more than 1
D. 20
In low-income countries the average agricultural family produces a surplus ?
A. enough to supply only a small nonagricultural population
B. of zero
C. large enough of feed five other families
D. large enough to feed 25 other families