Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?

Related Mcqs:

1. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?

   A. Grey market B. Over-the counter (OTC) C. Open market D. Back market...

2. Given recent information about growth trends and growth potential of ethnic populations within the U.S market which of the following ethnic groups would be a best bet to double during the next half century and become one of the U.S market’s most viable segments ?

   A. Hispanics and Asians B. African Americans C. Western Europeans D. Middle Eastern...

3. Polish economist Oskar Lange’s model of decentralized ______ combined the advantages of market allocation with more uniform income distribution by dividing the returns from social ownership of nonhuman productive resources among the whole population ?

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

4. Which market is characterized by a small number of large buyers who control all purchases and therefore the market price of a good a service ?

   A. Oligopoly B. Grey market C. Oligopsony D. Green market...

5. If a producer has market power (can influence the price of the product in the market) then free market solutions ?

   A. are equitable. B. are efficient C. maximize consumer surplus D. are inefficient...

6. If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be ?

   A. downward sloping B. perfectly inelastic C. upward sloping D. perfectly elastic...

7. Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?

   A. Yujiro Hayami B. Raanan Weitz C. Hans Singer D. Tim Dyson...

8. Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?

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

9. A form of industry structure characterized by a few firms, each large enough to influence market price is ?

   A. perfect competition B. monopolistic competition C. oligopoly D. monopoly...

10. The practice of going after a large share of a smaller market or subsets of a few markets is called ?

    A. undifferentiated marketing B. differentiated marketing C. concentrated marketing D. turbo marketing...