The essential difference between capitalism and socialism is that ?
What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ?
OECD stands for ?
For Rosentein Rodan a major indivisibility is in ?
The Vicious circle theory indicates that ?
Feudalism was undercut by?
Adam Smith advocated ?
The Harrod Domar growth model suggests that growth is ?
Baran’s Neo-Marxist thesis has been criticized for ignoring the probability that power is frequently ?
Criticisms of Rostow’s stages of development include ?
The Ultimate effect of the invisible hand of Adam Smith is that in a competitive economy everyone ?
The Lawis model explains how growth gets started in a less developed economy ?
A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:
The synchronized application of capital to a wide range of different industries is called __________ by its advocates?
Rostow’s economics stages are ?
Karl Marx’s historical materialism views were shaped by all of the following EXCEPT ?
Which of the following was not a classical economist ?
During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?
Surplus labor theories assume that ?
The Vicious circle theory states that ?
According to the supply side of the vicious circle theory of development a country is poor because ?
One criticism of Rostow’s theory of economic growth is that ?

A theory ?

I- is a systematic explanation of relationships between economic variables
II- explains causal relationships among variables
III- provides a basis for policy
IV- provides an explanation of all factors influencing economic growth.

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

Correct Answer: I only ✔

Last Updated: June 18, 2019