Economics - Development Planning and Policymaking: The State, And the Market
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This is the MCQs of Economic
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Question 1 of 18
1. Question
Deepak Lal argues that development economics is dominated b a ____ approach that favors government intervention into LDC prices
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Question 2 of 18
2. Question
Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____
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Question 3 of 18
3. Question
Government’s use of coordinated policies to achieve national economic objectives is
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Question 4 of 18
4. Question
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- the market distributes income among rich individualsCorrect
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Question 5 of 18
5. Question
According to Oskar Lange’s model socialist enterprises should produced where
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Question 6 of 18
6. Question
The input-output table, when divided vertically shows
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Question 7 of 18
7. Question
Worker-managed socialism helped contribute to ____ ‘s rapid economic growth from 1959 to 1979
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Question 8 of 18
8. Question
A medium-term plan can be a(n) _____ revised at the end of each year
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Question 9 of 18
9. Question
Most mixed or capitalist developing countries are limited to an indicative plan, which indicates expectations, aspirations, and intentions
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Question 10 of 18
10. Question
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 areCorrect
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Question 11 of 18
11. Question
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
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Question 12 of 18
12. Question
Goals are achieved through ____ such a monetary fiscal, exchange rate tariff tax subsidy, business incentive foreign investment and foreign aid.
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Question 13 of 18
13. Question
Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism
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Question 14 of 18
14. Question
Under Soviet-type economy-wide central planning
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Question 15 of 18
15. Question
Which of the following assumptions underlying input-output analysis raise questions 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 activities is the sum of the separate effects
III- Each good is produced by only one industry and each industry produces only one commodity
IV- There is no technical changeCorrect
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Question 16 of 18
16. Question
Which of the following is not a public policy to promote the private sector?
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Question 17 of 18
17. Question
A state planning ideology arose in LDCs as a reaction to nationalist perceptions of:
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Question 18 of 18
18. Question
Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and:
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