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

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

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

Which two countries have enjoyed a real per capita growth rate of more than 7% yearly since the 1960s ?

A. Ghana and mexico
B. Canada and the united states
C. Sierra leone and nigeria
D. Taiwan and south korea

Two countries that still rely on the Soviet communist model of development are ?

A. Ghana and nigeria
B. Poland and germany
C. Cuba and north korea
D. China and hong kong

ASEAN refers to the ?

A. Association of south east argo nations
B. Association of south east asian nations
C. Alliance of south east asian neighbors
D. Alliance of south eastern african nations

Based on the 2010 population survey four of the five most populous countries include ?

A. Russia, pakistan bangladesh and nigeria
B. China, india, indonesia, and brazil
C. Russia, china, india, and south africa
D. China, russia, mexico, and indonesia

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

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