A. His original contribution
B. Borrowed by him from Marx
C. Borrowed by Schumpeter from neo-classical thinkers
D. None of the above
A. It attaches too much importance to factors like political stability and attitude of the people
B. It completely ignores factors like political stability and attitudes of people
C. It refused to consider development as a gradual and continuous process
D. It completely ignores the importance of interest as a factor in establishing equilibrium between supply of savings and demand for capital
A. All the major income groups
B. Only the capitalists
C. Only the workers
D. None of the above
A. Reiterated their faith in the people that wages are determined by supply and demand
B. Asserted that the wages are determined by the productivity of the last worker employed
C. Asserted that the wages of workers had consistently increased
D. None of the above
A. Class-struggle
B. Theory of surplus value
C. Centralisation of capital
D. None of the above
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
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
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