Deck 3: Economic Growth Models and Dualisms

Question 1

In Domar's Model National Income (output) is determined by investment through the

A)accelerator
B)multiplier
C)saving
D)none of the above

Answer 1

multiplier

Question 2

In Joan Robinson's growth model, capital accumulation depends on

A)saving-income ratio
B)profit-wage relation and labour productivity
C)profit-income ratio and capital productivity
D)saving-investment ratio

Answer 2

profit-wage relation and labour productivity

Question 3

In dual gap model, the gap can be filled up by

A)raising the level of saving
B)export promotion
C)steady rate of growth
D)foreign aid

Answer 3

foreign aid

Question 4

Harrod-Domar model of growth is based on the concepts of and their equality

A)population and productivity growth.
B)investment and average growth rate of income.
C)actual, warranted and natural growth rate
D)productivity growth and investment growth

Question 5

The characteristics of Rostow's Traditional society include

A)enlarged production function
B)employment in agriculture
C)social mobility
D)political power

Question 6

The Prior Saving Theory regards saving as a prerequisite of --------

A)investment
B)income
C)consumption
D)inflation rate

Question 7

In the Keynesian model, investment is not constrained by prior savings but by ------------ acceptable to the workers.

A)investment
B)income
C)consumption
D)inflation rate

Question 8

The extension of Harrod-Domar model was made by adding the term for foreign trade balance as per cent of

A)investment
B)national income
C)export
D)import

Question 9

The prior savings approach is based on classical economics which emphasizes that prior saving determines

A)investment
B)income
C)consumption
D)inflation rate

Question 10

The assumptions of Technological dualism not include

A)there are two sectors of the economy
B)there are two factors of production
C)two commodities are produced
D)there are two modes of production

Question 11

Dualism and dichotomies in geography do not include

A)general geography versus regional geography
B)physical geography versus human geography
C)quantitative versus behavioural geography
D)hard geography versus soft geography

Question 12

Development of one leading sector is a feature of Rostow's stage of growth of

A)the traditional society
B)pre-conditions for take off
C)the take off stage
D)drive to maturity

Question 13

The existence of Different Frameworks in the Society is a feature of Rostow's stage of growth of

A)the traditional society
B)pre-conditions for take off
C)the take off stage
D)drive to maturity

Question 14

Shift in Occupational Distribution is a feature of Rostow's stage of growth of

A)the traditional society
B)pre-conditions for take off
C)the take off stage
D)drive to maturity

Question 15

Shift in Consumption Pattern is a feature of Rostow's stage of growth of

A)the traditional society
B)pre-conditions for take off
C)the take off stage
D)drive to maturity

Question 16

Shift in Consumption of Leading Sector is a feature of Rostow's stages of growth

A)the traditional society
B)pre-conditions for take off
C)the take off stage
D)drive to maturity

Question 17

The Entrepreneurial Leadership and Boredom are non-economic factors of the Rostow's stages of growth of

A)the traditional society
B)pre-conditions for take off
C)the take off stage
D)drive to maturity

Question 18

Rostow had advocated his theory as an alternative to

A)smith's theory
B)marx's theory
C)malthusian theory
D)none of these

Question 19

Who explains the theory of technological dualism?

A)prof. b. higgins
B)prof. boeke
C)prof. myint
D)a.o. hirshman

Question 20

Who explains the theory of social dualism?

A)prof. b. higgins
B)prof. boeke
C)prof. myint
D)a.o. hirshman

Question 21

Differences in Factor Endowment is fundamental bases of

A)technical dualism
B)social dualism
C)geographical dualism
D)financial dualism

Question 22

Differences in Production Function is fundamental bases of

A)technical dualism
B)social dualism
C)geographical dualism
D)financial dualism

Question 23

Personal touch between the moneylenders and borrowers is the characteristics of

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market

Question 24

Informality in dealing with borrowers by the moneylenders is the characteristics of

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market

Question 25

Flexibility in loan transactions is the characteristics of

A)organised money market
B)unorganised money market
C)organised capital market
D)un organised capital market