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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%

Related Questions on Characteristics & Institutions of Developing Countries Mcqs

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