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

Accepted Answer

In Domar's Model, national income (output) is determined by investment through the multiplier effect. The model emphasizes the role of investment in stimulating economic growth, where increased investment leads to a multiplied increase in income and output due to the circular flow of income.

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

Accepted Answer

In Joan Robinson's growth model, capital accumulation is influenced by the profit-wage relation and labor productivity, as these factors determine the distribution of income and the ability to generate surplus for investment.

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

Accepted Answer

D

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

Accepted Answer

The Harrod-Domar model of growth is based on the concepts of actual, warranted, and natural growth rates, emphasizing the importance of these rates being equal for steady economic 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

Accepted Answer

The answer of The characteristics of Rostow's Traditional society include
A)enlarged...

Question 6

The Prior Saving Theory regards saving as a prerequisite of --------
A)investment
B)income
C)consumption
D)inflation rate

Accepted Answer

The Prior Saving Theory posits that saving must occur before investment can take place, as savings provide the necessary capital for investments.

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

Accepted Answer

The answer of In the Keynesian model, investment is not...

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

Accepted Answer

The extension of the Harrod-Domar model included the term for foreign trade balance as a percentage of national income, incorporating the impact of international trade on economic growth.

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

Accepted Answer

The prior savings approach, based on classical economics, posits that savings are a prerequisite for investment. Savings provide the necessary capital for investments, which in turn drive economic growth.

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

Accepted Answer

The answer of The assumptions of Technological dualism not include
A)there...

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

Accepted Answer

"Dualism and dichotomies in geography" refer to pairs of contrasting or opposing concepts. While A, B, and C represent well-recognized dualisms in the field of geography, "hard geography versus soft geography" (D) is not a standard or widely recognized dichotomy in geographical discourse.

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

Accepted Answer

Rostow's "take off" stage is characterized by the development of one leading sector that drives economic growth, marking a transition from traditional society to the process of becoming a developed economy.

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

Accepted Answer

The answer of The existence of Different Frameworks in the...

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

Accepted Answer

In Rostow's stages of economic growth, the "drive to maturity" stage is characterized by a shift in occupational distribution as economies diversify and industries expand, leading to more varied employment opportunities.

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

Accepted Answer

In Rostow's stages of economic growth, the "drive to maturity" stage is characterized by a shift in consumption patterns as economies diversify and people have higher incomes, leading to changes in what and how they consume.

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

Accepted Answer

In Rostow's stages of growth, the "drive to maturity" stage is characterized by a shift in consumption patterns, where the economy diversifies and consumers begin to demand a wider range of goods and services.

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

Accepted Answer

The answer of The Entrepreneurial Leadership and Boredom are non-economic...

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

Accepted Answer

Rostow's theory of economic growth was presented as an alternative to Marx's theory of economic development, which focused on the dialectical process of class struggle as the engine of economic progress. Rostow's model proposed a linear progression of economic development stages, contrasting with Marx's emphasis on conflict and revolution.

Question 19

Who explains the theory of technological dualism?
A)prof. b. higgins
B)prof. boeke
C)prof. myint
D)a.o. hirshman

Accepted Answer

The answer of Who explains the theory of technological dualism?
A)prof....

Question 20

Who explains the theory of social dualism?
A)prof. b. higgins
B)prof. boeke
C)prof. myint
D)a.o. hirshman

Accepted Answer

The theory of social dualism was explained by Prof. Boeke, which focuses on the coexistence of traditional and modern sectors within an economy.

Quiz 3: Economic Growth Models and Dualisms

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

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

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

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

The characteristics of Rostow's Traditional society include

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

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

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

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

The assumptions of Technological dualism not include

Dualism and dichotomies in geography do not include

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

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

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

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

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

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

Rostow had advocated his theory as an alternative to

Who explains the theory of technological dualism?

Who explains the theory of social dualism?