Development Planning and Policy-making The State, And the Market

A. Keeping balanced budget, a price target
B. slow economic growth under colonial capitalism
C. minimizing public spending in the rural areas
D. western countries, nation-state ideology

I- The technical coefficients are fixed which means so substitution between inputs occurs
II- There are no externalities so that the total effect of carrying out several activities is the sum of the separate effects
III- Each good is produced by only one industry and each industry produces only one commodity
IV- There is no technical change

A. I and II only
B. I, II, III only
C. I, II, IV only
D. I, II, III and IV

A. has failed
B. works well in Utopia
C. is widely used in sub Saharan Africa
D. is the only way to eradicate poverty?

A. market socialism
B. capitalism
C. mixed economy
D. monopoly

A. but falls short of authorization
B. with immediate implementation
C. of the central bank
D. of implementation through foreign aid

A. Yugoslavia
B. Chile
C. Vietnam
D. Japan

A. the inputs to each industry from other industries and sectors
B. development planning and the required information on national income growth
C. the planned public capital divided by feasible actual industrial projects public capital
D. how the output of each industry is distributed within the sectors of the economy

I- consumers receive goods for which they are willing to pay
II- Production resources hire out to maximize income)
III- the market determines available labor and capital
IV- the market distributes income among rich individuals

A. III and IV only
B. II and III only
C. I, II and III only
D. I, II, III and IV

A. monetary policy, fiscal policy
B. elections; economics policies
C. economic policies; political policies
D. tax collection, tax implementation

A. governments depend primarily on their colonial masters
B. excessive controls are used in the private sector
C. the brain drains cost government substantially
D. monopolies dominate in the agricultural sector