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