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

Related Mcqs:

1. Development means economics growth plus ?

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

2. Economics in India Pakistan the Philippines and Mexico argue the foodgrain growth would not have kept up with population growth in the last four decades without ?

   I- improved packages of high-yielding seed varieties
   II- fertilizers, pesticides and irrigation
   III- improved transportation
   IV better extension service

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

3. 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

4. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process ?

   A. flying geese
   B. import substitution
   C. export orientation
   D. commodity expansion

5. Short-run equilibrium output means that aggregate demand __________ actual output?

   A. is less than
   B. equals
   C. is greater than
   D. fluctuates around

6. Keynesian economics is an economic theory of British economist John Maynard. What this theory states ?

   A. A free market is necessary for economic growth and stability
   B. Regulation is necessary for economic growth and stability
   C. Active government intervention is necessary to ensure economic growth and stability
   D. Government intervention is not necessary to ensure economic growth and stability

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

   A. population
   B. two thirds
   C. one third
   D. 28 percent
   E. 5 percent

8. 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

9. 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

10. 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