During the 1980s and 1990s a period of economic conservative governments in much of West and Japan, a leading approach among development economists was ?

Related Mcqs:

The synchronized application of capital to a wide range of different industries is called __________ by its advocates?

A. balanced growth B. capitalization C. elasticity of capital D. indivisibilities...

A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:

I- Workers migrating from villages to foreign-dominated urban complexes II- Forming an unskilled labor force to work in factories and mines and on plantations III- Replacing indigenous enterprises with technologically more advanced global subsidiary companies IV- Closing the economy to trade with and investment from, developed countries A. I and II only B. II and … A major dependency theorist Andre Gunder Frank Suggests that the following economic activities have contributed to underdevelopment:Read More...

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...

The Ultimate effect of the invisible hand of Adam Smith is that in a competitive economy everyone ?

A. benefits if each acts in his/her own interest B. will increase their profits in a free market C. should act to maximize economic growth D. should act to promote the public interest...

Criticisms of Rostow’s stages of development include ?

A. the difficulty of testing the stages scientifically B. conditions for takeoff are contradicted by historical evidence C. characteristics of one stage are not unique to that stage D. All of the above are correct...