Category: Development Planning and Policy-making The State, And the Market

A. Yugoslavia
B. Chile
C. Vietnam
D. Japan

A. The monopoly profit maximization rule applies
B. Product price equals marginal cost
C. marginal revenue equals average cost
D. total revenue equals total cost

A. governments depend primarily on their colonial masters
B. excessive controls are used in the private sector
C. the brain drains cost government substantially
D. monopolies dominate in the agricultural sector

A. monetary policy, fiscal policy
B. elections; economics policies
C. economic policies; political policies
D. tax collection, tax implementation

A. most resource lack freedom to move to their highest value uses
B. resources are free to move to their lowest cost uses
C. resources owned by private entities moves to efficient use but not those owned publicly
D. resources are privately owned by capitalists

A. indicative plan
B. central bank policies
C. central planning
D. instrument variables

A. the inputs to each industry from other industries and sectors
B. development planning and the required information on national income growth
C. the planned public capital divided by feasible actual industrial projects public capital
D. how the output of each industry is distributed within the sectors of the economy

A. Keeping balanced budget, a price target
B. slow economic growth under colonial capitalism
C. minimizing public spending in the rural areas
D. western countries, nation-state ideology

A. achieved only through socialism
B. target variables
C. bound by soft budget
D. recurrent expenditures

I- consumers receive goods for which they are willing to pay
II- Production resources hire out to maximize income)
III- the market determines available labor and capital
IV- the market distributes income among rich individuals

A. III and IV only
B. II and III only
C. I, II and III only
D. I, II, III and IV