Marxian theory of development:
A.Was essentially an economic theory
B.Was essentially a socio-economic theory
C.Was a blend of economic, sociological, political factors
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Development Theories and Under Development
The capital accumulation which according to Marx, contributes to development is rendered possible by:
A.Technological improvement
B.Reduction of wages
C.Increase in working hours
D.None of the above
Which criticism against the classical theory of development is not correct?
A.It underestimated the possibility of technological progress
B.It failed to adequately analyze the problem of maintaining aggregate demand
C.It attached too much importance to the role of technology in development
D.None of the above
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The classical economicts opposed government interference because:
A.It keeps prices of food high by levying high tariffs
B.It subsidized the poor
C.It encouraged overpopulation
D.It appropriated a part of purposes
E.On account of all the above reasons
The classical economicts opposed government interference because: Read More »
The labour theory of value offered by Racardo was:
A.His original idea
B.Borrowed from Adam Smith
C.Borrowed from Marx
D.None of the above
The labour theory of value offered by Racardo was: Read More »
According to Ricardo the key role in economic development is played by:
A.The Labourers
B.The landlords
C.The capitalists
D.The scientists
According to Ricardo the key role in economic development is played by: Read More »
The Principles of Political Economy and Taxation was written by
A.Ricardo
B.Adam Smith
C.J.S. Mill
D.Malthus
The Principles of Political Economy and Taxation was written by Read More »
The most elaborate exposition of classical theory of development was offered by:
A.Adam Smith
B.Ricardo
C.J.S. Mill
D.Malthus
The most elaborate exposition of classical theory of development was offered by: Read More »
The classical thinkers envisaged development:
A.With the assistance of the government
B.Without interference by the government
C.Under the guidance of the government
D.Though the combination of all the above methods
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According to Adam Smith the wage rates fall to the subsistence level:
A.Under stationary conditions
B.During periods of capital accumulation
C.Under both the above stated conditions
D.Under none of the above stated conditions
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