PPSCFPSCNTSPakistan govt jobs
- Subject
- Theories of Economic Developmenteconomics-mcqs › theories-of-economic-development
- Published
- 27 May 2019
- Last updated
- 28 May 2026
Explanation
Adam Smith endorsed the ideas of (I) laissez-faire economics, (II) the invisible hand guiding markets, (III) policies promoting free trade, and (IV) the importance of competitive markets. Therefore, all four concepts apply.
More Theories of Economic Development MCQs
Practice related questions from the same subject.
- 1.What is the fundamental distinction between capitalism and socialism?
- 2.According to Baran, what factors contribute to the underdevelopment of Asia, Africa, and Latin America?
- 3.What does the acronym OECD represent?
- 4.According to Rosenstein-Rodan, where does a significant indivisibility primarily exist?
- 5.What does the Vicious Circle theory suggest about poverty?
- 6.Which factors contributed to the decline of feudalism?
- 7.Which of the following best describes the characteristics of a theory?
- 8.According to the Harrod-Domar growth model, economic growth depends on which of the following relationships?
More in Economics Mcqs
- Aggregate Supply, Unemployment And Inflation
- Agriculture & Irrigation System of Pakistan
- Alternative Theories Of The Firm
- Application of Economics
- Applied Microeconomics
- Asymmetric Information
- Average And Total Cost
- Balance of Payments, Aid and Foreign Investment
- Basic of Economics
- Budget Deficits And The Trade Balance
- Capital Formation, Investment Choice, Information Technology, And Technical Progress
- Characteristics and Institutions of Developing Countries
- Comparative GDP
- Consumer Theory vs. Real Consumers
- Costs , Supply And Perfect Competition
- Development Planning and Policy-making The State, And the Market
- Economic Development in Historical Perspective
- Economic Problems of Developing Countries
- Education, Health, And Human Capital
- Elasticity
- Employment, Migration, And Urbanization
- Entrepreneurship, Organization, And Innovation
- Exchange-Rate Adjustments And The Balance of
- Exchange-Rate Determination
- Exchange-Rate Systems And Currency Crises
- Externality & Internality
- Fiscal And Monetary Policy
- Foreign Exchange
- Foundations Of Modern Trade Theory
- Global Economic Development
- Human Capital
- Income Inequality
- Industrial Development
- Inflation & Productivity
- International Factor Movements And Multinational Corporations
- Introduction To Economics
- Labour Market
- Long Term Economic Growth
- Macroeconomic Issues and Analysis
- Macroeconomic Policy Tools
- Market
- Marketing In A Global Economy
- Markets, Efficiency And The Public Interest
- Miscellaneous Economics Mcqs
- Monetary Union
- Monetary, Fiscal And Incomes Policy, And Inflation
- Money, Interest Rates And Output
- Monopoly
- Monopoly & Competition
- National Income And The Standard Of Living
- Natural Resources and the Environment Toward Sustainable Development
- Non-Tariff Trade Barriers
- Oligopoly
- Population
- Population And Development
- Poverty, Malnutrition, And Income Inequality
- Prices, Wages & Taxes
- Production Factors
- Profit Maximizing Under Perfect Competition And Monopoly
- Public Goods
- Regional Trading Arrangements
- Risks And Diversification & Efficient Market Hypothesis
- Roots of Modern Macroeconomics
- Rural Poverty and Agricultural Transformation
- Sources of Comparative Advantage
- Stabilization, Adjustment, Reform and Privatization
- Stocks
- Supply and Demand
- Supply-Side Policies
- Surplus
- Tariffs
- Taxation
- The Aggregate Demand Aggregate Supply Model
- The Balance of Payments
- The External Debt and Financial Crises
- The International Economy And Globalization
- The Meaning and Measurement of Economic Development
- The National Economy
- The Phillips Curve
- Trade Policies For the Developing Nations
- Trade Regulations And Industrial Policies
- World Economy (Miscellaneous)