Rostow’s economics stages are ?

Related Mcqs:

1. Criticisms of Rostow’s stages of development include ?

   A. the difficulty of testing the stages scientifically
   B. conditions for takeoff are contradicted by historical evidence
   C. characteristics of one stage are not unique to that stage
   D. All of the above are correct

2. 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

3. One criticism of Rostow’s theory of economic growth is that ?

   A. much available data contradicts his thesis about the takeoff stage
   B. there is no explanation of why growth occurs after takeoff
   C. his hypothesis of the stages of growth is difficult to test empirically
   D. All of the above are correct

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

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

5. Normative economics Forms ________ based on ________?

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

6. Data are important in economics because _________ and ____________?

   A. they suggest relationships for explanation, allow testing of hypotheses
   B. they can be used for tables, they can be graphed
   C. they can be used in computers governments use them
   D. they provide interesting information can be summarized

7. 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

8. Macroeconomics is the branch of economics that deals with ?

   A. imperfectly competitive markets:
   B. Only the long run adjustments to equilibrium in the economy
   C. The functioning of individual industries and the behavior of individual decision-making units business firms and households
   D. the economy as a whole

9. Economics say that there has to be some from of rationing whenever ?

   A. inflation occurs
   B. there are externalities
   C. merit goods are produced
   D. there is excess demand

10. 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