Economics Mcqs

I- is a systematic explanation of relationships between economic variables
II- explains causal relationships among variables
III- provides a basis for policy
IV- provides an explanation of all factors influencing economic growth.
A. I only
B. I and II only
C. I , II and III only
D. IV only

A. directly related to savings and inversely related to the capital/output ratio
B. directly related to the capital/output ratio and inversely related to savings
C. indirectly related to savings and the capital/output ratio
D. directly related to savings and the capital/output ratio

A. based on an alliance between landowners and peasants
B. based on an alliance between peasants and the foreign bourgeoisie
C. transferred from one elite to another when revolution occurs
D. derived from domestic opponents of nationalism

A. the difficulty of testing the stages scientifically
B. conditions for takeoff are contradicted by historical evidence
C. characteristics of one stage are not unique to that stage
D. All of the above are correct

A. benefits if each acts in his/her own interest
B. will increase their profits in a free market
C. should act to maximize economic growth
D. should act to promote the public interest

A. with an average product of labor in agriculture that is negative
B. with a downward-slog supply curve of labor
C. with a marginal productivity of labor zero or negligible in industry
D. with a traditional agricultural sector and an industrial capitalist sector

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

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

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