The Vicious circle theory indicates that ?

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...

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...

A theory ?

I- is a systematic explanation of relationships between economic variables II- explains causal relationships among variables III- provides a basis for policy IV- provides an explanation of all factors influencing economic growth. A. I only B. I and II only C. I , II and III only D. IV only...