A. Due to technological and resource discoveries of the nineteenth century
B. Deu to fast deteriorating condition of the workers in Europe
C. Due to fear of revolution created by the preaching’s Marx
D. Due to all the above reasons
Related Mcqs:
- 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 - Which one of the following put forth classical theory of development?
A. Ricardo
B. Keynes
C. Marx
D. Marshall - Which one of the following writer was not associated with the classical theory of development?
A. Adam Smith
B. Ricardo
C. Malthus
D. Marshall - The most elaborate exposition of classical theory of development was offered by: ________?
A. Adam Smith
B. Ricardo
C. J.S. Mill
D. Malthus - 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 - 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 - Which one of the following criticism levelled against the classical theory of development is not correct?
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 - The chief defect of the neo-Classical theory of development is: __________?
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 - Positive liberalism became necessary because of the:
A. Liberal philosophy of free trade
B. Improved conditions of the workers
C. Improved conditions of the workers
D. Change in the approach of capitalists towards workers - Who considered saving as a necessary condition for economic development?
A. Adam Smith
B. Marx
C. Marshall
D. All the above
