Who said that ‘the developed countries were never underdeveloped through they may have been underdeveloped?
A. Marx
B. A.C. Frank
C. Lenin
D. None of the above
Development Theories and Under Development
Hansen argued that as compared to the nineteenth century the development at present suffered from two limitations viz:
A. Shifting frontiers and growing population
B. Decline in purchasing capacity and growing unemployment
C. Technological changes and presence of large labour force
D. Growing population and prevailing unemployment
Hansen used the theory of Economic Maturity to examine the problems arising:
A.In the wake of World War I
B.In the wake of World War II
C.In the wake of economic crisis of thrties
D.In the sixties
Hansen used the theory of Economic Maturity to examine the problems arising: Read More »
The General Theory of Employment, Interest and Money given by:
A.Adam Smith
B.Keynes
C.Ricrodo
D.Marshall
The General Theory of Employment, Interest and Money given by: Read More »
Theory of Economic Maturity regarding development is associated with:
A.Schumpeter
B.Keynes
C.Alvin Hansen
D.All the above
Theory of Economic Maturity regarding development is associated with: Read More »
Which of the following is not a defect of Schumpeter’s theory?
A. He wrongly asserts that capitalism is crumbling and socialism is likely to replace it
B. His theory is defective in so far as it tries to present the spirit of enterprise as a phenomenon common to all social organisations
C. His assumption that all innovations are financed by borrowings is not correct because banks generally provide only shortterm loans
D. None of the above
Which of the following is not a defect of Schumpeter’s theory? Read More »
The entrepreneurs undertake new development activities :
A.By investing their savings
B.By roping in rich capitalists
C.By securing credit from the banks
D.By securing grants from the government
The entrepreneurs undertake new development activities : Read More »
According to Schumpeter the entrepreneurs contribute to development by:
A.Quickly catering to the tastes of the consumers
B.Bringing about changes in the tastes of consumers
C.Providing the existing goods at the lowest price
D.All the above actions
According to Schumpeter the entrepreneurs contribute to development by: Read More »
The Entrepreneur theory of development holds that:
A.Talented type of individuals play an important role in development
B.Rich capitalists play an important role in development
C.Rich people with the help of some enterprising persons contribute to development
D.None of the above
The Entrepreneur theory of development holds that: Read More »
Schumpeter held that significant advances in national production occur by disharmonious leaps and spurts. This idea was:
A.His original contribution
B.Borrowed by him from Marx
C.Borrowed by Schumpeter from neoclassical thinkers
D.None of the above