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A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:

A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:

I- Workers migrating from villages to foreign-dominated urban complexes
II- Forming an unskilled labor force to work in factories and mines and on plantations
III- Replacing indigenous enterprises with technologically more advanced global subsidiary companies
IV- Closing the economy to trade with and investment from, developed countries
A. I and II only
B. II and III only
C. I, II and III only
D. I , II III and IV

A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment: Read More »

Economics Mcqs, Theories of Economic Development

The synchronized application of capital to a wide range of different industries is called __________ by its advocates?

The synchronized application of capital to a wide range of different industries is called __________ by its advocates?

A. balanced growth
B. capitalization
C. elasticity of capital
D. indivisibilities

The synchronized application of capital to a wide range of different industries is called __________ by its advocates? Read More »

Economics Mcqs, Theories of Economic Development

Rostow’s economics stages are ?

Rostow’s economics stages are ?

A. The preconditions for takeoff, the takeoff, the drive to maturity and the age of creative destruction
B. The traditional society the preconditions for takeoff, the takeoff, the drive to maturity and the age of high mass consumption
C. the preconditions for consumption the replication the drive to maturity and the age of high mass consumption
D. the learning curve the age of high mass consumption post takeoff, and the drive to maturity

Rostow’s economics stages are ? Read More »

Economics Mcqs, Theories of Economic Development

Karl Marx’s historical materialism views were shaped by all of the following EXCEPT ?

Karl Marx’s historical materialism views were shaped by all of the following EXCEPT ?

A. The French Revolution
B. The rise of industrial and capitalist production
C. Political and labor revolts
D. a growing spiritual rationalism

Karl Marx’s historical materialism views were shaped by all of the following EXCEPT ? Read More »

Economics Mcqs, Theories of Economic Development

During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?

During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?

A. neoclassicism
B. Marxism
C. Rostow’s model
D. classical appraoch

During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ? Read More »

Economics Mcqs, Theories of Economic Development

According to the supply side of the vicious circle theory of development a country is poor because ?

According to the supply side of the vicious circle theory of development a country is poor because ?

A. technology levels do not allow for self sufficiency
B. it was previously too poor to save and invest
C. underemployment is too widespread
D. resource allocation is poor

According to the supply side of the vicious circle theory of development a country is poor because ? Read More »

Economics Mcqs, Theories of Economic Development

One criticism of Rostow’s theory of economic growth is that ?

One criticism of Rostow’s theory of economic growth is that ?

A. much available data contradicts his thesis about the takeoff stage
B. there is no explanation of why growth occurs after takeoff
C. his hypothesis of the stages of growth is difficult to test empirically
D. All of the above are correct

One criticism of Rostow’s theory of economic growth is that ? Read More »

Economics Mcqs, Theories of Economic Development