41. For Rosentein Rodan a major indivisibility is in?
A. Supply
B. Infrastructure
C. Agriculture
D. Services
✅ The correct answer is option B.
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42. According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?
A. The economy will experience an increase in inflation
B. The economy will experience a decrease in inflation
C. Inflation will be unaffected if price expectations are unchanging
D. None of these answers
✅ The correct answer is option A.
43. Criticism of Rostow’s theory of economic growth is that ?
A. Many available data contradicts his thesis about the takeoff stage
B. There is no explanation of why growth occurs after takeoff
C. His hypothesis of the stages of growth is difficult to test empirically
D. All of the above are correct
✅ The correct answer is option D.
44. From each according to his ability to each according to his need is the slogan of ?
A. Feudal System
B. Capitalist System
C. Fascist System
D. Communist System
✅ The correct answer is option D.
45. In the economy when a steel producer sells steel to car producer it is regarded as ?
A. A final good
B. An intermediate good
C. An injection
D. A leakage
✅ The correct answer is option B.
46. For which of the following products would the burden of a tax likely fall more heavily on the sellers?
A. Clothing
B. food
C. housing
D. entertainment
✅ The correct answer is option D.
47. Oil is measured in barrels. What is the abbreviation of barrels?
A. Brl
B. Bel
C. Bbl
D. Obl
✅ The correct answer is option C.
48. The pattern of economic growth describes the phenomenon of countries moving up in technological development by following the patterns of countries ahead of them in the development process?
A. Flying geese
B. Import substitution
C. Export orientation
D. Commodity expansion
✅ The correct answer is option A.
49. Along a short-run Phillips curve?
A. a higher rate of inflation is associated with a lower unemployment rate
B. a higher rate of growth in output is associated with a lower unemployment rate
C. a higher rate of inflation is associated with a higher unemployment rate
D. a higher rate of growth in output is associated with a higher unemployment rate.
✅ The correct answer is option A.
50. A widely used indicator to differentiate developed countries from developing countries is?
A. International trade per capita
B. Real income per capita
C. Unemployment per capita
D. Calories per capita
✅ The correct answer is option B.