Economics MCQs

Page No. 183

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 are ?


aachieved only through socialism


btarget variables


cbound by soft budget


drecurrent expenditures


View Answer target variables

A medium-term plan can be a(n) ________ revised at the end of each year?


a instrument variable


bseasonal expenditure


c rolling plan


dperspective plan


View Answer rolling plan

According to Oskar Lange’s model socialist enterprises should produce where ?


aThe monopoly profit maximization rule applies


bProduct price equals marginal cost


cmarginal revenue equals average cost


d total revenue equals total cost



Government’s use of coordinated policies to achieve national economic objectives is ?


acommanding heights


bentrepreneurial programs


cpublic physical policy


ddevelopment planning


View Answer development planning

Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?


adirigiste


bKeynesian


cCommanding heights


dsoft budget


View Answer dirigiste

Based on the 2010 population survey four of the five most populous countries include ?


aRussia, Pakistan Bangladesh and Nigeria


bChina, India, Indonesia, and Brazil


c Russia, China, India, and South Africa


dChina, Russia, Mexico, and Indonesia



ASEAN refers to the ?


a Association of South East Argo Nations


bAssociation of South East Asian Nations


cAlliance of South East Asian Neighbors


d Alliance of South Eastern African Nations



Two countries that still rely on the Soviet communist model of development are ?


aGhana and Nigeria


bPoland and Germany


cCuba and North Korea


d China and Hong Kong


View Answer Cuba and North Korea

Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?


a Ghana and Mexico


bCanada and the United States


cSierra Leone and Nigeria


dTaiwan and South Korea



Why has modern economic growth mainly been in western countries ?


a a strong Catholic church intervention in the economic decisions


ban emphasis on trade restrictions


c the use of the medieval economy


dthe rise of capitalism



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