A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ? A. Keeg balanced budget, a price targetB. slow economic growth under colonial capitalism C. minimizing public spending in the rural areas D. western countries, nation-state…
Which of the following assumptions underlying input-output analysis raises about its validity ? I- The technical coefficients are fixed which means so substitution between inputs occurs II- There are no externalities so that the total effect of carrying out several…
Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ? A. has failed B. works well in Utopia C. is widely used in sub Saharan Africa D. is the…
Polish economist Oskar Lange’s model of decentralized ______ combined the advantages of market allocation with more uniform income distribution by dividing the returns from social ownership of nonhuman productive resources among the whole population ? A. market socialism B. capitalism…
Most mixed or capitalist develog countries are limited to an indicative plan, which indicates expectations, aspirations, and intentions ? A. but falls short of authorization B. with immediate implementation C. of the central bank D. of implementation through foreign aid
Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979? A. Yugoslavia B. Chile C. Vietnam D. Japan
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 divided by feasible actual industrial…
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 available labor and capital IV-…
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 C. economic policies; political policies D. tax collection, tax implementation
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 C. the brain drains…