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Development Theories and Under Development

The labour theory of value which formed one of the feature of theory of development offered by Racardo was: ____________?

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

The labour theory of value which formed one of the feature of theory of development offered by Racardo was: ____________? Read More »

Development Theories and Under Development, Political Science Mcqs

The Principles of Political Economy and Taxation (1817) which deals with the classical theory of development was written by: _________?

The Principles of Political Economy and Taxation (1817) which deals with the classical theory of development was written by: _________?

A. Ricardo
B. Adam Smith
C. J.S. Mill
D. Malthus

The Principles of Political Economy and Taxation (1817) which deals with the classical theory of development was written by: _________? Read More »

Development Theories and Under Development, Political Science Mcqs

According to Adam Smith the wage rtes fall to the subsistence level:

According to Adam Smith the wage rtes 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

According to Adam Smith the wage rtes fall to the subsistence level: Read More »

Development Theories and Under Development, Political Science Mcqs

According to Adam Smith the division of labour contributes to development:

According to Adam Smith the division of labour contributes to development:

A. 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 Mcqs

According to Adam Smith the division of labour contributes to development because:

According to Adam Smith the division of labour contributes to development because:

A. 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 Mcqs

Who offered the agrument that the population grows whenever workers’ wages rise above subsistence level?

Who offered the agrument that the population grows whenever workers’ wages rise above subsistence level?

A. Adam Smith
B. Malthus
C. Ricardo
D. None of the above

Who offered the agrument that the population grows whenever workers’ wages rise above subsistence level? Read More »

Development Theories and Under Development, Political Science Mcqs

Which one of the following classical thinkers based the development theory on the prinicple of population?

Which one of the following classical thinkers based the development theory on the prinicple of population?

A. Malthus
B. Adam Smith
C. J.S Mill
D. All the above

Which one of the following classical thinkers based the development theory on the prinicple of population? Read More »

Development Theories and Under Development, Political Science Mcqs

According to the classical theory of development, the development of a country depends on: ___________?

According to the classical theory of development, the development of a country depends on: ___________?

A. Land, labour and capital
B. Labour, capital and technology
C. Technology and capital
D. Labour and technology

According to the classical theory of development, the development of a country depends on: ___________? Read More »

Development Theories and Under Development, Political Science Mcqs