Which of the following is not a public policy to promote the private sector ?

Investigating development potential through scientific and market research and natural resources surveys

Providing adequate infrastructure for public and private agencies

Creating markets, including commodity markets, security exchanges, banks credit facilities and insurance companies

Increasing market monopolies and oligopolies to help producers

A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?

minimizing public spending in the rural areas

Keeping balanced budget, a price target

slow economic growth under colonial capitalism

minimizing public spending in the rural areas

western countries, nation-state ideology

Most mixed or capitalist developing countries are limited to an indicative plan, which indicates expectations, aspirations, and intentions ?

but falls short of authorization

of implementation through foreign aid

Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?

is widely used in sub Saharan Africa

is the only way to eradicate poverty?

Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and ?

the brain drains cost government substantially

governments depend primarily on their colonial masters

excessive controls are used in the private sector

the brain drains cost government substantially

monopolies dominate in the agricultural sector

Under Soviet-type economy-wide central planning ?

resources are free to move to their lowest cost uses

most resource lack freedom to move to their highest value uses

resources are free to move to their lowest cost uses

resources owned by private entities moves to efficient use but not those owned publicly

resources are privately owned by capitalists

According to Oskar Lange’s model socialist enterprises should produce where ?

marginal revenue equals average cost

The monopoly profit maximization rule applies

Product price equals marginal cost

marginal revenue equals average cost

total revenue equals total cost

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 ?

achieved only through socialism

Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?

economic policies; political policies

tax collection, tax implementation

The input-output table, when divided vertically shows ?

development planning and the required information on national income growth

the inputs to each industry from other industries and sectors

development planning and the required information on national income growth

the planned public capital divided by feasible actual industrial projects public capital

how the output of each industry is distributed within the sectors of the economy

18 + Mcqs in Development Planning & Policy making the State & the Market Mcqs in Economics Mcqs Page 1 McqOptions

1.	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
Answer» E.

Discussion

2.	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
Answer» C. minimizing public spending in the rural areas

Discussion

3.	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
Answer» E.

Discussion

4.	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
Answer» B. with immediate implementation

Discussion

5.	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?
Answer» B. works well in Utopia

Discussion

6.	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
Answer» B. capitalism

Discussion

7.	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
Answer» D. perspective plan

Discussion

8.	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
Answer» C. the brain drains cost government substantially

Discussion

9.	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
Answer» B. resources are free to move to their lowest cost uses

Discussion

10.	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
Answer» E.

Discussion

11.	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
Answer» B. Keynesian

Discussion

12.	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
Answer» E.

Discussion

13.	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
Answer» C. marginal revenue equals average cost

Discussion

14.	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
Answer» C. bound by soft budget

Discussion

15.	Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?
A.	Yugoslavia
B.	Chile
C.	Vietnam
D.	Japan
Answer» B. Chile

Discussion

16.	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
Answer» E.

Discussion

17.	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
Answer» C. economic policies; political policies

Discussion

18.	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
Answer» B. development planning and the required information on national income growth

Discussion

Explore topic-wise MCQs in Economics Mcqs.

Which of the following is not a public policy to promote the private sector ?

A state planning ideology arose in LDCs as a reaction to nationalist perceptions of ?

Most mixed or capitalist developing countries are limited to an indicative plan, which indicates expectations, aspirations, and intentions ?

Branko Horvat’s historical review of the last two and one-half century indicates that in large part market or decentralized socialism ?

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 medium-term plan can be a(n) ________ revised at the end of each year?

Planning in many LDCs has failed because detailed programs for the public sector have not been worked out and ?

Under Soviet-type economy-wide central planning ?

Government’s use of coordinated policies to achieve national economic objectives is ?

Deepak Lal argues that development economics is dominated by _______ approach that favors government intervention into LDC prices?

Goals are achieved through ____ such a monetary fiscal, exchange rate tariff tax subsidy, business incentive foreign investment and foreign aid?

According to Oskar Lange’s model socialist enterprises should produce where ?

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 ?

Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?

Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _ while presidential governments manipulate the timing of _?

The input-output table, when divided vertically shows ?