A. granted independence as soon as possible
B. Considered an economic burden for the colonial power
C. encouraged to develop their own industries
D. acquired as markets and sources of raw materials
Related Mcqs:
- The economic policy of mercantilism first developed during the ?
A. Age of Exploration
B. Enlightenment
C. Cold War
D. Green Revolution - Mercantilism ?
A. Is the philosophy of free international trade?
B. Was a system of export promotion and barriers to imports practiced by governments?
C. Was praised by Adam Smith in the Wealth of Nations
D. Both (a) and (c) - Statement A: The might of a country consists of gaining surpluses of gold and silver Statement B: A nation’s strength is found in economic independence and the maintenance of a favorable balance of trade Statement C: We need to gain colonies both as sources for raw materials and as markets for our manufactured of goods Which economic system is being described by these statements ?
A. traditional
B. feudal
C. command
D. mercantile - Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?
A. A free market is necessary for economic growth and stability
B. Regulation is necessary for economic growth and stability
C. Active government intervention is necessary to ensure economic growth and stability
D. Government intervention is not necessary to ensure economic growth and stability - Macroeconomic theory that emphasized the theories of Keynes and de-emphasized the classical theory developed as the result of the failure of ?
A. economic theory to explain the simultaneous increases in inflation and unemployment during the 1970s
B. The classical model to explain the prolonged existence of high unemployment during the Great Depression
C. fine tuning during the 1960s
D. the economy to grow at a rapid rate during the 1950s - “Term bond” are bonds whose principle is payable at maturity. What does mean by Term certificate?
A. A bond with a longer time to maturity
B. A certificate of deposit whose principal is payable at maturity
C. A certificate of deposit with a shorter time to maturity
D. certificate of deposit with a longer time to maturity - The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo - Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?
A. export promotion
B. import promotion
C. international commodity agreements
D. multilateral contracts - The ability-to-pay principle of taxation suggests that if a tax system is to be vertically equitable it should be ?
A. efficient
B. progressive
C. regressive
D. proportional - _________ is a principle of enlightened marketing that requires that a company seek real product and marketing improvements ?
A. Innovative marketing
B. Consumer oriented marketing
C. value marketing
D. Sense of mission marketing
