Economic model describing growth of the economy on one or at most a few sectors and variables?

Related Mcqs:

1. 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

2. “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

3. 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

4. Stage of growth model development was porposed by____________________?

   A. Rostow
   B. Harrod Dommer
   C. Keynes
   D. Theodore

5. 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

6. Meaningful statement about the economic behavior or the economy is called_______________________?

   A. Economic principle
   B. Economic theories
   C. Both
   D. None

7. A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?

   A. Macroeconomic
   B. Micro economic
   C. Positive economic
   D. Normative economic

8. 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

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. A country’s potential for economic growth is greatly influenced by its endowments of__________________?

    A. Physical resources
    B. Human resources
    C. Both a and b
    D. None of these