Develop MCQ

who wrote a review on Lewis' model

Phil Leeson

Which most closely corresponds to Fisher-Clark's stages of developemt

Primary, Secondary, Tertiary (Pretty.Small.Tits)

which economist wrote the paper that provided the origional neo-classic growth model

Robert Solow (he did dat solo)

Malthus raised doubts about which law?

Say's law (says a lot)

who as well as Arthur Lewis won the Nobel prize in economic sciences in 1979

T Schultz

which of the following is not one of Harrods questions?

What is the optimal level of growth to ensure the maximisation of the level of the sum of individuals in the societies welfare

Best interpretation of Hansen and Zhangs regression

a 1% increase in growth of manufacturing = 0.71% growth in productivity

What is NIEO

New International Economic Order

In what year was the Bengal famine Sen written about

1943

in Lewis' model, what is the gap between subsistence and capitalist sector wages

30%

The percentage of workforce in low-income countries in agriculture - industry - services:

61- 19 - 21

On average and approximately how many deaths are there per 1000 live births?

70/1000

Which best describes Allyn Young's increasing returns

A macroeconomic phenomenon involving the interaction between activities and the process of general economic expansion

who argued in 'Problems of Capital Formation in Under-developed Countries' for balanced growth

AR Nurske

Thirwall chapter 5 argues

Adam Smith and Keynsian

Which has not been argued in the lectures

As income rises the relative importance of agriculture in purchases will increase

who was the father of the green revolution

Borlaug

Fill in the blank and who said: "the country that is more developed _________ only shows the developing the image of its future"

Missing word is 'Industrially', Said by Marx

"Undernourishment leads to physical functioning... garden variety of diseases"

Dasgupta

Which is not an acronym referred to in the module

GRIP - Green Revolution Initiative on Profitability

"Literate people will see... capital development"

Galberaith

Which most closely corresponds to Adam Smith's stages of development

Hunter-gather, Shepherding, Agriculture, Commercial society (Her.Small.Ass.Can't)

what did Hirschman argue in favour of?

a big push

what is NOT one of the four key roles of the state

direct provision of basic needs

What is not a possible solution for gn > gw

encourage more of the population to work

A Marxist economist would not use which of the following definitions?

g = s/c

Which of the following wasn't one of kaldor's growth laws

gm = f(gdp) f'>0

when Maddision A was looking at the cause of growth in developing countries in the 50s/60s, which of the following did she not find

growth could be explained by cultural factors

Which of the following is not true about Ricardo?

he argued UK should specialise in agriculture due to its absolute advantage

In the formula g = s/c, what does 's' and 'c' represent

s = savings rate, c = incremental capitial output ratio

Which of Rostow's stages talks about self-sustaining growth and beginning of secondary expansion?

take off

what did Joan Robinson call ga = gw = gn

the 'golden' age (golden like my highlight)

what is Lewis' explanation for the gap

the need for urban workers to send money home to the countryside

what is Lewis' answer for why poorer countries save so little

their Capitalist sector is small