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

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

Why has modern economic growth mainly been in western countries ?

A. A strong catholic church intervention in the economic decisions
B. An emphasis on trade restrictions
C. The use of the medieval economy
D. The rise of capitalism

The 1993 World Bank study entitled The East Asian Miracle (1993) identifies eight high performing Asian economies Which of the following is not one of them ?

A. Japan
B. Four tigers
C. Vietnam
D. Thailand

On what did the Russian Soviet development model of growth not depend ?

A. Diverting savings from agriculture to industry
B. State assisted entrepreneurs
C. State monopolized trading
D. Markets for allocating resources

Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?

A. Low interest rates
B. Political instability inhibits world-wide investment
C. Human capital or technical skills were lacking
D. Real domestic currency depreciation exists

Perestroika in the former Soviet Union refers to ?

A. Total market reliance for resource allocation
B. Economic restructuring by gorbachev
C. Intensified central planning
D. None of the above

The bourgeoisie refers to ?

A. The monarchy
B. The central planners of the soviet union
C. The capitalist and middle class
D. The aristocrats of wealthy nations

Based on Mankiw Romer and Weil (1992) with conditional convergence holding fertility rates, education and government spending as a share of GDP constant ?

A. Income per capita is the same regardless of poor or rich countries
B. Income per capita in poor countries grows faster than in rich countries
C. Income per capita in rich countries grows faster than in poor countries
D. Income per capita in poor countries grows conditional upon foreign aid

The 1993 World Bank study entitled The East Asian Miracle identifies eight high performing Asian economies. Which of the following is not one of them ?

A. Japan
B. The four tigers
C. Vietnam
D. Thailand