A. Tradititional economics
B. Development economics
C. Political economics
D. None
Related Mcqs:
- ______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?
A. Traditional economy
B. Political economy
C. Capitalistic economy
D. Open economy - The role of power in economic decision making is studied in________________?
A. Development economics
B. Traditional economics
C. Political economics
D. None of these - An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
A. Command economy
B. Closed economy
C. Open economy
D. None - The total amount by the federal govt. of the owner of the govt. securities is called___________________?
A. Public debt
B. Public finance
C. Public good
D. None - The part of economy which contains all govt. entities is called__________________?
A. Public sector
B. Private sector
C. Public utility
D. None - Situation in which govt. intervention in an economy worsens outcomes__________________?
A. Govt. failure
B. Market perfection
C. Govt. inefficiency
D. None - An economic system in which traditions and customs determine how the economy would use its scare resources ?
A. Traditional economy
B. Mixed economy
C. capitalistic economy
D. Command economy - Meaningful statement about the economic behavior or the economy is called_______________________?
A. Economic principle
B. Economic theories
C. Both
D. None - Economic model describing growth of the economy on one or at most a few sectors and variables?
A. Formal growth model
B. Functional growth model
C. Aggregate growth model
D. None - An economic plan that sets targets to cover all the major sectors of the national economy?
A. Centralized plan
B. Comprehensive plan
C. Commune
D. None
