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.Management Sciences
Category: Development Planning and Policy-making The State, And the Market
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
Which of the following is not a public policy to promote the private sector ?
A. Investigating development potential through scientific and market research and natural resources surveys
B. Providing adequate infrastructure for public and private agencies
C. Creating markets, including commodity markets, security exchanges, banks credit facilities and insurance companies
D. Increasing market monopolies and oligopolies to help producers
Most mixed or capitalist developing countries are limited to an indicative plan, which indicates expectations, aspirations, and intentions ?
A. but falls short of authorization
B. with immediate implementation
C. of the central bank
D. of implementation through foreign aid
Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?
A. dirigiste
B. Keynesian
C. Commanding heights
D. soft budget
Government’s use of coordinated policies to achieve national economic objectives is ?
A. commanding heights
B. entrepreneurial programs
C. public physical policy
D. development planning
A medium-term plan can be a(n) ________ revised at the end of each year?
A. instrument variable
B. seasonal expenditure
C. rolling plan
D. perspective plan
Polish economist Oskar Lange’s model of decentralized ______ combined the advantages of market allocation with more uniform income distribution by dividing the returns from social ownership of nonhuman productive resources among the whole population ?
A. market socialism
B. capitalism
C. mixed economy
D. monopoly
Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?
A. has failed
B. works well in Utopia
C. is widely used in sub Saharan Africa
D. is the only way to eradicate poverty?
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