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Theories of Economic Development

The essential difference between capitalism and socialism is that ?

The essential difference between capitalism and socialism is that ?

A. capitalism exploits the worker and socialism exploits the property owner
B. capitalism relies on the market to make economic decisions and socialism uses central planning
C. capitalism grows through rent seeking and socialism grows through government direction
D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction

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Economics Mcqs, Theories of Economic Development

What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ?

What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ?

A. monopolistic business from abroad
B. reactionary ruling coalitions
C. weak domestic middle class
D. All of the above

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Economics Mcqs, Theories of Economic Development

The Harrod Domar growth model suggests that growth is ?

The Harrod Domar growth model suggests that growth is ?

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

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Economics Mcqs, Theories of Economic Development

Baran’s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?

Baran’s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?

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

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Economics Mcqs, Theories of Economic Development