Search
.Management Sciences
Category: Development Planning and Policy-making The State, And the Market
According to Oskar Lange’s model socialist enterprises should produce where ?
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
Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and ?
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
Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?
A. monetary policy, fiscal policy
B. elections; economics policies
C. economic policies; political policies
D. tax collection, tax implementation
Under Soviet-type economy-wide central planning ?
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
Goals are achieved through ____ such a monetary fiscal, exchange rate tariff tax subsidy, business incentive foreign investment and foreign aid?
A. indicative plan
B. central bank policies
C. central planning
D. instrument variables
The input-output table, when divided vertically shows ?
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 state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?
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
Annual GNP growth of 6% poverty reduced by 1% point of the population Balance of payments deficit not in excess of $200 million For a planner, the above are ?
A. achieved only through socialism
B. target variables
C. bound by soft budget
D. recurrent expenditures
The market efficiently allocates scarce resource among alternative ends such that ?
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
Which of the following assumptions underlying input-output analysis raises about its validity ?
I- The technical coefficients are fixed which means so substitution between inputs occurs
II- There are no externalities so that the total effect of carrying out several activities is the sum of the separate effects
III- Each good is produced by only one industry and each industry produces only one commodity
IV- There is no technical change
A. I and II only
B. I, II, III only
C. I, II, IV only
D. I, II, III and IV
Recent Comments