Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?

Related Mcqs:

Government’s use of coordinated policies to achieve national economic objectives is ?

A. commanding heights B. entrepreneurial programs C. public physical policy D. development planning...

According to Oskar Lange’s model socialist enterprises should produce where ?

A. The monopoly profit maximization rule applies B. Product price equals marginal cost C. marginal revenue equals average cost D. total revenue equals total cost...

A medium-term plan can be a(n) ________ revised at the end of each year?

A. instrument variable B. seasonal expenditure C. rolling plan D. perspective plan...

Which of the following is not a public policy to promote the private sector ?

A. Investigating development potential through scientific and market research and natural resources surveys B. Providing adequate infrastructure for public and private agencies C. Creating markets, including commodity markets, security exchanges, banks credit facilities and insurance companies D. Increasing market monopolies and oligopolies to help producers...

The market efficiently allocates scarce resource among alternative ends such that ?

I- consumers receive goods for which they are willing to pay II- Production resources hire out to maximize income) III- the market determines available labor and capital IV- the market distributes income among rich individuals A. III and IV only B. II and III only C. I, II and III only D. I, II, III … The market efficiently allocates scarce resource among alternative ends such that ?Read More...