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Theories of Economic Developmenteconomics-mcqs › theories-of-economic-development
Published
27 May 2019
Last updated
28 May 2026

Browse all Theories of Economic Development MCQs

What does the acronym OECD represent?

Multiple choice question for Theories of Economic Development. Select an option, then review the explanation below.

Choose the correct answer

Explanation

Option A is correct: OECD stands for Organization for Economic Cooperation and Development. The other options are incorrect expansions of the acronym.

Practice related questions from the same subject.

  1. 1.What is the fundamental distinction between capitalism and socialism?
  2. 2.According to Baran, what factors contribute to the underdevelopment of Asia, Africa, and Latin America?
  3. 3.According to Rosenstein-Rodan, where does a significant indivisibility primarily exist?
  4. 4.What does the Vicious Circle theory suggest about poverty?
  5. 5.Which factors contributed to the decline of feudalism?

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