The labour theory of value which formed one of the feature of theory of development offered by Racardo was: ____________?
A. His original idea
B. Borrowed from Adam Smith
C. Borrowed from Marx
D. None of the above
A. His original idea
B. Borrowed from Adam Smith
C. Borrowed from Marx
D. None of the above
A. Ricardo
B. Adam Smith
C. J.S. Mill
D. Malthus
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
The classical thinkers envisaged development: Read More »
Development Theories and Under Development, Political Science McqsA. Under stationary conditions
B. During periods of capital accumulation
C. Under both the above stated conditions
D. Under none of the above stated conditions
According to Adam Smith the wage rtes fall to the subsistence level: Read More »
Development Theories and Under Development, Political Science McqsA. When the market demand is sufficiently large
B. When the market is small
C. When the market is neither too small nor too large
D. Urder all types of markets
According to Adam Smith the division of labour contributes to development: Read More »
Development Theories and Under Development, Political Science McqsA. Adam Smith
B. Marx
C. Marshall
D. All the above
Who considered saving as a necessary condition for economic development? Read More »
Development Theories and Under Development, Political Science McqsA. It leads to an increase in dexterity among workers
B. It leads to reduction in production time
C. It leads to invention of better machines and equipment
D. All the above factors
According to Adam Smith the division of labour contributes to development because: Read More »
Development Theories and Under Development, Political Science McqsA. Adam Smith
B. Malthus
C. Ricardo
D. None of the above
A. Malthus
B. Adam Smith
C. J.S Mill
D. All the above
A. Land, labour and capital
B. Labour, capital and technology
C. Technology and capital
D. Labour and technology