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

Related Mcqs:

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...

OECD stands for ?

A. Organization for Economic Cooperation and Development and Development B. Oil Exporting Countries Development C. Organization for Environmental cooperative Department D. Open Economies Caucus on Development...

What is Baran’s explanation for underdevelopment in Asia, Africa, and Latin America ?

A. monopolistic business from abroad B. reactionary ruling coalitions C. weak domestic middle class D. All of the above...

The essential difference between capitalism and socialism is that ?

A. capitalism exploits the worker and socialism exploits the property owner B. capitalism relies on the market to make economic decisions and socialism uses central planning C. capitalism grows through rent seeking and socialism grows through government direction D. capitalism relies on consumer satisfaction to dictate choices and socialism relies on producer satisfaction...