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

A. Investigating development potential through scientific and market research and natural resources surveys
B. Providing adequate infrastructure for public and private agencies
C. Creating markets, including commodity markets, security exchanges, banks credit facilities and insurance companies
D. Increasing market monopolies and oligopolies to help producers

A. most resource lack freedom to move to their highest value uses
B. resources are free to move to their lowest cost uses
C. resources owned by private entities moves to efficient use but not those owned publicly
D. resources are privately owned by capitalists

A. indicative plan
B. central bank policies
C. central planning
D. instrument variables

A. achieved only through socialism
B. target variables
C. bound by soft budget
D. recurrent expenditures

A. instrument variable
B. seasonal expenditure
C. rolling plan
D. perspective plan

A. The monopoly profit maximization rule applies
B. Product price equals marginal cost
C. marginal revenue equals average cost
D. total revenue equals total cost

A. commanding heights
B. entrepreneurial programs
C. public physical policy
D. development planning

A. dirigiste
B. Keynesian
C. Commanding heights
D. soft budget