The Harrod Domar growth model suggests that growth is ?

Related Mcqs:

1. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

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

2. The Club of Rome Study, The Limits to Growth suggests that as natural resources diminish ?

   A. capital increasingly replaces labor B. technological change compensates for capital depletion C. costs rise, leaving less capital for future investment D. contingent valuation becomes critical...

3. The Lawis model explains how growth gets started in a less developed economy ?

   A. with an average product of labor in agriculture that is negative B. with a downward-sloping supply curve of labor C. with a marginal productivity of labor zero or negligible in industry D. with a traditional agricultural sector and an industrial capitalist sector...

4. The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?

   A. factor endowments B. factor intensities C. technology D. opportunity costs...

5. The hypothesis that people know the true model of the economy and that they use this model to form their expectations of the future is the ?

   A. Rational-expectations hypothesis B. Passive-expectations hypothesis C. adaptive expectations hypothesis D. lagged-expectations hypothesis....

6. The Keynesian model is a good guide to ____ behavior and the classical model describes behavior in ______?

   A. long run, short run B. flexible imperfect markets C. short-term long run D. long run, imperfect markets...

7. On what did the Russian Soviet development model of growth not depend ?

   A. diverting savings from agriculture to industry B. state assisted entrepreneurs C. state monopolized trading D. markets for allocating resources...

8. 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...

9. The belief that the rate of growth depends upon technological progress facilitated by institutions incentives and government is known as ________ growth theory?

   A. endogenous B. exogenous C. beta D. convergence...

10. The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

    A. saving, investment B. capital per person, productivity C. labor growth, output D. investment capital per person...