The input-output table, when divided vertically shows ?
A. the inputs to each industry from other industries and sectors
B. development planning and the required information on national income growth
C. the planned public capital…
The market efficiently allocates scarce resource among alternative ends such that ?
I- consumers receive goods for which they are willing to pay
II- Production resources hire out to maximize income)
III- the market determines…
Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?
A. monetary policy, fiscal policyB. elections; economics policies
Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and ?
A. governments depend primarily on their colonial mastersB. excessive controls are used in the private sector
Which of the following is not a public policy to promote the private sector ?
A. Investigating development potential through scientific and market research and natural resources surveys
B. Providing adequate infrastructure for…
Under Soviet-type economy-wide central planning ?
A. most resource lack freedom to move to their highest value uses
B. resources are free to move to their lowest cost uses
C. resources owned by private entities moves to efficient…
Goals are achieved through ____ such a monetary fiscal, exchange rate tariff tax subsidy, business incentive foreign investment and foreign aid?
A. indicative plan
B. central bank policies
C. central planningD. instrument variables…
Annual GNP growth of 6% poverty reduced by 1% point of the population Balance of payments deficit not in excess of $200 million For a planner, the above are ?
A. achieved only through socialismB. target variables
C. bound by soft…