Caribbean Economic Development

The two ways to measure economic growth are gross domestic product and _______________

How many stages were in Rostow's Stages of economic growth ?

• 4

• 3

• 8

• 5

What is the third stage of Rostow's Economic growth?

• Traditional society

• Take off

• Drive to maturity

• •High Mass Consumption

Which model which took on a laissez -faire approach?

• Rowstow

• Keynesian

• Classical

• Lewis

According to Karl Marx there are two principal classes in society ; the Bourgeoisie and the Proletariat

• True

• False

The Proletariat is considered the wealthy class

• True

• False

Which of the following models believed government intervention is necessary for economic growth?

• Marxist

• Keynesian

• Monetarist

• Classical

Which economist believed in local entrepreneurs learning from invited foreign capitalists/ industrialists?

• Adam Smith

• John Keynes

• Milton Friedman

• W.A Lewis