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

Related Mcqs:

One criticism of Rostow’s theory of economic growth is that ?

A. much available data contradicts his thesis about the takeoff stage B. there is no explanation of why growth occurs after takeoff C. his hypothesis of the stages of growth is difficult to test empirically D. All of the above are correct...

According to the supply side of the vicious circle theory of development a country is poor because ?

A. technology levels do not allow for self sufficiency B. it was previously too poor to save and invest C. underemployment is too widespread D. resource allocation is poor...

The Vicious circle theory states that ?

A. growing government assistance create addiction to welfare programs B. low income levels create pressure for money creation C. low income levels create pressure for cheap imports D. low per capita incomes creates low savings that keep incomes low...

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...

For Rosentein Rodan a major indivisibility is in ?

A. Supply B. infrastructure C. agriculture D. services...