Practice MCQ Questions and answers on Theories of Economic Development Mcqs

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

A. monopolistic business from abroad

B. reactionary ruling coalitions

C. weak domestic middle class

D. All of the above

A. Organization for Economic Cooperation and Development and Development

B. Oil Exporting Countries Development

C. Organization for Environmental cooperative Department

D. Open Economies Caucus on Development

A. Supply

B. infrastructure

C. agriculture

D. services

A. a country is poor because it has lower productivity but high savings

B. as countries grow richer they save less

C. poverty perpetuates itself in mutually reinforcing circles on supply and demand sides

D. market size is large in LDCs

A. I and II only

B. II and III only

C. I, II and III only

D. IV only

A. I and II only

B. II and III only

C. I , II and III only

D. I , II , III and IV

A. I only

B. I and II only

C. I , II and III only

D. IV only

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

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