In the Public Choice (Or New Political Economy)approach to Development

question 28

Multiple Choice

In the public choice (or new political economy) approach to development the emphasis is on

• A)growth in the rural sector.
• B)the self-interested behavior of public officials.
• C)the dependence of LDCs on former colonial powers.
• D)the inherent efficiency of developing country markets.

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Definitions:

Bottleneck Operation

A stage in the production process that reduces the overall capacity because its work rate is slower than that of other stages.

Production Sequence

A specific order in which production tasks or operations are carried out to manufacture a product.

Fleet Repair Facility

A dedicated center for the maintenance and repair of a collection of vehicles, ensuring they remain operational and safe.

Utilization

The extent to which a resource, such as equipment or labor, is being used effectively, typically expressed as a percentage of total available capacity.