Multiple Choice
According to the supply side of the vicious circle theory of development a country is poor because .
A) Technology levels do not allow for self sufficiency
B) It was previously too poor to save and invest
C) Underemployment is too widespread
D) Resource allocation is poor
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The concept of economic growth is _.<br>A)Identical
Q3: The vicious circle theory states that _
Q4: For Rosentein Rodan a major indivisibility is
Q5: Identify the economist who first advocated a
Q6: Gunnar Myrdal was awarded Noble Prize for
Q7: The rate of growth of an economy
Q8: We can increase rate of economic growth
Q9: Economic growth measures the?<br>A)Growth of productivity<br>B)Increase in
Q10: By growth rate of an economy can
Q11: The golden-rule saving rate is the rate