A. Adam Smith
B. Malthus
C. Ricardo
D. None of the above
Related Mcqs:
- 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 - According to Ricrdo rise of wages presupposes:
A. Capital accumulation
B. More population
C. Centralisation of authority
D. Higher rents - “If political leadership fails to emerge, there is likelihood of military taking over power in developing countries. Radical student groups or labour may try to raise revolution but they are not likely to compete with the military. Military intervention, rule and withdrawal from politics is clearly related to a society’s level of political development.” In the context of Political Development the assumption in the above passage is that:
A. Political leadership is not an effective instrument
B. Military intervention is inevitable for development
C. National integration results from military intervention
D. Military is an agent of social change - Which of following thinkers built up theory of development around theory wages and rent?
A. Marx
B. Ricardo
C. Adam Smith
D. None of the above - According to Malthus high wages:
A. Promote fast growth of population
B. Retard fast growth of population
C. Help maintaining status quo in population growth
D. Discourage growth rate of population - The difference between the value of commodity produced by a labourer and the wages received, by him is known as
A. Property
B. Surplus value
C. Capital
D. Savings - The Wages, Labour and Capital’ was written by: _________?
A. Hegel
B. Engles
C. Stalin
D. Karl Marx
E. None of these - Equal wages for equal work for both the sexes is covered under:
A. Political equality
B. Religious equality
C. Economic equality
D. Natural equality
E. National equality - 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 - 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
