A. based on government intervention in the means of production
B. that originated in the United States in the 19th Century
C. Where private owners of capital make decisions based on profit
D. that dominated developing economies in the 19 Century
Related Mcqs:
- The Protestant Ethic and the Spirit of Capitalism was written by ?
A. Adam Smith
B. Max Weber
C. Joseph Schumpeter
D. William Baumol - Economies of Scale meaning ?
A. Cost on all products
B. Reduced per unit Cost
C. Higher per unit Cost
D. None of theseSubmitted by: Adnan Rai
- The trade model of the Swedish economies Heckscher and Ohlin maintains that ?
A. Absolute advantage determines the distribution of the gains from trade
B. Comparative advantage determines the distribution of the gains from trade
C. The division of labor is limited by the size of the world market
D. A country exports goods for which its resource endowments are most suited - 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 - Suppose Handel’s Ice Cream experiences economies of scale up to a certain point and diseconomies of scale beyond that point. Its long-run average cost curve is most likely to be ?
A. downward sloping to the right
B. U-shaped
C. Horizontal
D. upward sloping to the right - When economies speak of the demand for money which of the following are they asking ?
A. How much cash do you wish you could have?
B. How much wealth would you like?
C. How much income would you like to earn?
D. What proportion of your financial assets do you want to hold in non-interest-bearing forms - The growth rates of economies tend to converge because ________ is easier when capital per worker is low and because of?
A. capital-widening technical innovation
B. capital-widening Catch-up in technology
C. capital-deepening technical innovation
D. capital-deepening, catch-up in technology - Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?
A. low interest rates
B. political instability inhibits world-wide investment
C. human capital or technical skills were lacking
D. real domestic currency depreciation exists - The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?
A. Japan
B. The four tigers
C. Vietnam
D. Thailand - If a firm is not operating at the output necessary to achieve all scale economies, it has not achieved its ?
A. Efficient scale
B. Average efficient scale
C. Maximum efficient scale
D. Minimum efficient scale
