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

Firms in perfect competition face a?

A. Perfectly elastic demand curve
B. Perfectly inelastic demand curve
C. Perfectly elastic supply curve
D. Perfectly inelastic supply curve

A profit maximizing firm is perfect competition produces where ?

A. Total revenue is maximized
B. Marginal revenue equals zero
C. Marginal revenue equals marginal cost
D. Marginal revenue equals average cost

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

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

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

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

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

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

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

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