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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: ____________?

June 19, 2022June 18, 2022 by admin
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

Categories 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: _________?

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

The classical thinkers envisaged development:

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

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

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

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

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

Who considered saving as a necessary condition for economic development?

June 19, 2022June 18, 2022 by admin
Who considered saving as a necessary condition for economic development?

A. Adam Smith
B. Marx
C. Marshall
D. All the above

Categories Development Theories and Under Development, Political Science Mcqs

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

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

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

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

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

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs

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

June 19, 2022June 18, 2022 by admin
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

Categories Development Theories and Under Development, Political Science Mcqs
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