The most elaborate exposition of classical theory of development was offered by: ________?

Related Mcqs:

1. The best exposition of the liberal nature of the functions of state was offered by: ________?

   A. John Locke
   B. Karl Marx
   C. T.H. Green
   D. None of the above

2. Which one of the following has been wrongly listed as a feature of model of development offered by neo-classical thinkers?

   A. Development is a gradual and continuous process
   B. The process of development has harmonious and cumulative nature
   C. They are quite optimistic about the possibilities of continued economic progress
   D. None of the above

3. 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

4. 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

5. The book “Origin of the Family, Private Property and the State” which contains an elaborate statement regarding the origin of state was written by:__________?

   A. Aristotle
   B. Plato
   C. Max Weber
   D. Frederik Engels

6. Which one of the following put forth classical theory of development?

   A. Ricardo
   B. Keynes
   C. Marx
   D. Marshall

7. Which one of the following writer was not associated with the classical theory of development?

   A. Adam Smith
   B. Ricardo
   C. Malthus
   D. Marshall

8. 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

9. 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

10. 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