The Lawis model explains how growth gets started in a less developed economy ?

Related Mcqs:

Which of the following was not a classical economist ?

A. Adam Smith B. Thomas R. Malthus C. John Stuart Mill D. John Maynard Keynes...

Karl Marx’s historical materialism views were shaped by all of the following EXCEPT ?

A. The French Revolution B. The rise of industrial and capitalist production C. Political and labor revolts D. a growing spiritual rationalism...

Adam Smith advocated ?

I- laissez faire II- the invisible hand III- free trade policy IV- competitive markets A. I and II only B. II and III only C. I , II and III only D. I , II , III and IV...

Feudalism was undercut by?

I- the migration of serfs to the town II- factory competition with handicraft and manorial production III- expanded transport trade, discovery and new international markets IV- the rise of the business corporation A. I and II only B. II and III only C. I, II and III only D. IV only...

The Vicious circle theory indicates that ?

A. a country is poor because it has lower productivity but high savings B. as countries grow richer they save less C. poverty perpetuates itself in mutually reinforcing circles on supply and demand sides D. market size is large in LDCs...