Economics - Theories of Economic Development
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This is the MCQs of Economic
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Question 1 of 23
1. Question
One criticism of Rostow’s theory of economic growth is that
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Question 2 of 23
2. Question
Criticisms of Rostow’s stages of development include
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Question 3 of 23
3. Question
According to the supply side of the vicious circle theory of development a country is poor because
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Question 4 of 23
4. Question
Baran’s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently
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Question 5 of 23
5. Question
The Vicious circle theory states that:
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Question 6 of 23
6. Question
The Harrod Domar growth model suggests that growth is:
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Question 7 of 23
7. Question
Surplus labor theories assume that:
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Question 8 of 23
8. Question
A theory:
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.Correct
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Question 9 of 23
9. Question
During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was
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Question 10 of 23
10. Question
Which of the following was not a classical economist?
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Question 11 of 23
11. Question
Adam Smith advocated
I- laissez faire
II- the invisible hand
III- free trade policy
IV- competitive marketsCorrect
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Question 12 of 23
12. Question
Karl Marx’s historical materialism views were shaped by all of the following EXCEPT:
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Question 13 of 23
13. Question
Feudalism was undercut by:
I- the migration of serfs to the town
II- factory competition with handicraft and manorial production
III- expanded transport trade, discovery and new international markets
IV- the rise of the business corporationCorrect
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Question 14 of 23
14. Question
Rostow’s economics stages are:
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Question 15 of 23
15. Question
The Vicious circle theory indicates that:
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Question 16 of 23
16. Question
The synchronized application of capital to a wide range of different industries is called _____ by its advocates.
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Question 17 of 23
17. Question
For Rosentein Rodan a major indivisibility is in:
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Question 18 of 23
18. Question
A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:
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 countriesCorrect
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Question 19 of 23
19. Question
OECD stands for:
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Question 20 of 23
20. Question
What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America?
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Question 21 of 23
21. Question
The Lawis model explains how growth gets started in a less developed economy
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Question 22 of 23
22. Question
The essential difference between capitalism and socialism is that:
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Question 23 of 23
23. Question
The Ultimate effect of the invisible hand of Adam Smith is that in a competitive economy everyone
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