A. Adam Smith
B. Thomas R. Malthus
C. John Stuart Mill
D. John Maynard Keynes
Which of the following was not a classical economist ? Read More »
Economics Mcqs, Theories of Economic Development A. neoclassicism
B. Marxism
C. Rostow’s model
D. classical appraoch
A. LDCs are overpopulated
B. labor contributes nothing to output in LDCs
C. the marginal products of labor is closed to zero in LDCs
D. urban unemployment is high in LDCs
Surplus labor theories assume that ? Read More »
Economics Mcqs, Theories of Economic Development A. growing government assistance create addiction to welfare programs
B. low income levels create pressure for money creation
C. low income levels create pressure for cheap imports
D. low per capita incomes creates low savings that keep incomes low
The Vicious circle theory states that ? Read More »
Economics Mcqs, Theories of Economic Development 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
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 A. 2 million barrels per day, $100, $60 million
B. 4 million barrels per day, $80, $160 million
C. 6 million barrels per day, $60, $60 million
D. 8 million barrels per day, $40, $20 million
A. lower
B. higher
C. about the same height
D. None of the above
A. has been a matter of low priority for the Chinese government
B. was achieved in the early 1950s
C. has been opposed by a number of labor and human rights organizations in other countries
D. has had negligible effect on trade between china and the United States
Membership in the World Trade Organization for china ? Read More »
Economics Mcqs, Trade Policies For the Developing Nations A. flying geese
B. import substitution
C. export orientation
D. commodity expansion
