Development economics focuses primarily on the poorest ______ of the worlds?

Related Mcqs:

1. Which economics doctrine opposes government regulation or interference in commerce beyond the minimum necessary for a free enterprise system to operate according to its own economics laws and non-interference in affairs of others ?

   A. Free market economy
   B. Laissez faire also Laisser faire
   C. Open market economy
   D. Liberal market economy

2. Which of the following could be considered critical s in development economics ?

   A. How do the poorest 2/3 of the world live?
   B. What are the major theories of economic development
   C. what factors affect labor skills in the third world?
   D. All of the above are correct

3. In economics, the pleasure, happiness, or satisfaction received from a product is called ______?

   A. marginal cost
   B. rational outcome
   C. status fulfillment
   D. utility

   Submitted by: Mansoor Ul Haque

4. The poorest region of the World is ?

   A. the Middle East
   B. Sub Saharan Africa
   C. Asia
   D. Latin America

5. Development means economics growth plus ?

   A. Inflation
   B. Deflation
   C. Social change
   D. Price stability

6. Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?

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

7. In development economics, who said,”Economic growth means more output”.

   A. Maddison
   B. Kindleberger
   C. Todaro
   D. Friedman

   Submitted by: Abdul Saboor Nasar

8. In a planned or command economy, all the economics decisions are taken by the ?

   A. Consumers
   B. voters
   C. government
   D. Workers

9. Normative economics Forms ________ based on ________?

   A. positive statements, facts
   B. opinions personal facts
   C. positive statements values
   D. opinions facts

10. The economics system planned economy is ?

    A. In which economists control production
    B. In which production and distribution of wealth is under government’s control
    C. In which technocrats control production
    D. In which government controls distribution