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

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

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

3. Development means economics growth plus ?

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

4. 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

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

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

   Submitted by: Abdul Saboor Nasar

6. Which of the following is a normative statement in economics ?

   A. More spending by the government reduces poverty
   B. Higher taxes lead to less desire to work
   C. The Pakistan’s economy is growing fast relative to other SAARC members
   D. The government should concentrate on reducing unemployment

7. 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

8. The branch of economics ‘Microeconomics’ deals with______________?

   A. small units, including individual companies and small group of consumers
   B. Economics of homes
   C. Economics of stock market
   D. Economics of provinces

9. Economics assumes that people consume goods and services to achieve ?

   A. Status
   B. Prestige
   C. Utility
   D. Self-esteem

10. 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