A closed economy that attempts to be completely self-reliant ?

Related Mcqs:

An increase either in real output (GDP) or in real output per capita is called___________________?

A. Economic development B. Economic growth C. Growth rate D. Economic efficiency...

A compensation device through which workers receive part of their pay in the form of share of their employer’s profit___________________?

A. Labour laws B. Labour saving scheme C. Profit sharing plan D. Profit maximizing plan...

The demand schedule or the demand curve of all buyers of a good or service is called____________________?

A. Market demand B. Total demand C. Both D. None...

“All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?

A. Economic development theory B. Big Push theory of development C. Rostow’s development plan D. Harod Domes model...

Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?

A. Economic efficiency B. Productive efficiency C. Allocative efficiency D. All...