______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

Related Mcqs:

1. A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

   A. Tradititional economics
   B. Development economics
   C. Political economics
   D. None

2. The role of power in economic decision making is studied in________________?

   A. Development economics
   B. Traditional economics
   C. Political economics
   D. None of these

3. “All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?

   A. Economic development theory
   B. Big Push theory of development
   C. Rostow’s development plan
   D. Harod Domes model

4. 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

5. An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?

   A. Pure capitalism
   B. Command Economy
   C. Closed economy
   D. Open economy

6. The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?

   A. Generalization
   B. Specification
   C. Rationing function of the price
   D. None

7. A closed economy that attempts to be completely self-reliant ?

   A. Amortization
   B. Command economy
   C. Autarchy
   D. None

8. The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?

   A. Growth
   B. Economic growth
   C. Development
   D. All

9. “structural transformation of primary subsistence economy for economic development” war proposed by ?

   A. Arthur Lewis
   B. Keyne’s
   C. Carl Marx
   D. Rostow

10. “The tricks of economic growth and development are simply a matter of increasing national savings and investment.” Is a simplest form of?

    A. Rostow growth stages
    B. Keynesian development theory
    C. Harod-Domar growth model
    D. None