Development Planning and Policy-making The State, And the Market
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- Development Planning and Policy-making The State, And the Marketeconomics-mcqs › development-planning-and-policy-making-the-state-and-the-market
- Published
- 2 Jun 2019
- Last updated
- 28 May 2026
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Explanation
In a Soviet-type centrally planned economy, most resources are restricted and cannot move freely to their most valuable uses. Unlike market economies, resource allocation is controlled by the state rather than guided by cost efficiency or private ownership.
More Development Planning and Policy-making The State, And the Market MCQs
Practice related questions from the same subject.
- 1.In less developed countries, which issue prompted the emergence of a state-led planning approach as a response to nationalist views?
- 2.Which set of assumptions inherent in input-output analysis calls into question its overall validity?
- 3.According to Branko Horvat's historical analysis of the past 250 years, what has been the general outcome of market-based or decentralized socialism?
- 4.Which economic system, developed by Polish economist Oskar Lange, integrates the benefits of market allocation with equitable income distribution by sharing the profits from socially owned nonhuman productive assets among all citizens?
- 5.In most mixed or capitalist developing nations, what is the nature of an indicative plan that outlines goals and intentions?
- 6.Which country experienced rapid economic growth between 1959 and 1979, partly due to its worker-managed socialist system?
- 7.What does the input-output table represent when it is split vertically?
- 8.How does the market effectively distribute limited resources among various competing uses?
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