A. Technological improvement
B. Reduction of wages
C. Increase in working hours
D. None of the above
Related Mcqs:
- According to Marx capital accumulation depended on: ___________?
A. Surplus valuation
B. Increasing population
C. Industrialisation
D. International trade - According to Marx most dependable method for capital accumulation was: __________?
A. Technological development
B. Increased international trade
C. Decreased international trade
D. Payment of less wages to workers
E. Denial of facilities to the workers - Who looked upon economic development as a race between capital accumulation and population growth?
A. Marxian writers
B. Classical writers
C. Neo-classical writers
D. All the three - Which one of the following group of writers looked upon economic development as a race betwwen capital and accumulation growth:
A. Marxists
B. Classical writers
C. Neo-classical writers
D. All the above - 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:
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 - Population contributes development by ___________?
A. Providing labour force
B. Consuming the products
C. Neither of the above
D. Providing labour force as well as consuming products - The position of the Kings during the Holy Roman Empire was rendered weak due to:_________?
A. Non-assertion of their authority
B. The rise of the class of feudal lords
C. Usurpation of their power by the Pope
D. Rise of feudal lords and Popes - According to Laski ‘private property’ contributes to:__________?
A. The prosperity of the society
B. The development of society
C. The weakening of society
D. None of the above - In economic development Marx had laid maximum stress on: ___________?
A. Capital formation
B. Decentralisation of power
C. Trade unionism
D. Technological advancement
E. Lower payment of wages
