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

Related Mcqs:

1. On what did the Russian Soviet development model of growth not depend ?

   A. diverting savings from agriculture to industry
   B. state assisted entrepreneurs
   C. state monopolized trading
   D. markets for allocating resources

2. The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?

   A. factor endowments
   B. factor intensities
   C. technology
   D. opportunity costs

3. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese
   B. import substitution
   C. export orientation
   D. commodity expansion

4. Economic development in Japan after World War II and in Communist China since the 1980s in similar in that both nations have sought to ?

   A. end foreign investment
   B. develop their vast natural resources to achieve economic growth
   C. utilize the concepts of capitalism to improve their economies
   D. nationalize most major industries and restrict competition

5. An export quota agreement to stabilize the price of bauxite tends to be more successful when the member producer countries as a percentage of the world’s producer countries is __________ and the _________ it is for the member producer countries to store/stock pile bauxite?

   A. relatively small; more difficult
   B. relatively small; easier
   C. relatively large; more difficult
   D. relatively large; easier

6. The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?

   A. Rational-expectations hypothesis
   B. Passive-expectations hypothesis
   C. adaptive expectations hypothesis
   D. lagged-expectations hypothesis.

7. The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

   A. long run, short run
   B. flexible imperfect markets
   C. short-term long run
   D. long run, imperfect markets

8. A development bank based in London, which loans funds to governments of Eastern Europe and the former Soviet Union is the ?

   A. Transitional Monetary Fund
   B. World Bank
   C. European Bank for Reconstruction and Development
   D. OECD

9. According to the factor endowment model of Heckscher and Ohlin, countries heavily endowed with land will ?

   A. Devote excessive amounts of resources to agricultural production
   B. Devote insufficient amounts of resources to agricultural production
   C. Export products that are land-intensive
   D. Import products that are land-intensive

10. Developing countries, if compared with other countries, have ?

    A. a lower rate of illiteracy
    B. a greater degree of equality in the income distribution
    C. a lower infant mortality rate
    D. a smaller percentage of the labor force in urban areas