The chief defect of the neo-Classical theory of development is:

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Question:
 The chief defect of the neo-Classical theory of development is:

1. It attaches too much importance to factors like political stability and attitude of the people

2. It completely ignores factors like political stability and attitudes of people

3. It refused to consider development as a gradual and continuous process

4. It completely ignores the importance of interest as a factor in establishing equilibrium between supply of savings and demand for capital

Posted Date:-2021-08-03 07:08:48

More MCQS Questions and answers

  1. According to Adam Smith the division of labour contributes to development because:
  2. According to Adam Smith the wage rtes fall to the subsistence level:
  3. According to the classical theory of development the development of a country depends on:
  4. Marx believed that spread of capitalism throughout the world had led to:
  5. Marxian theory of development was essential:
  6. Radical underdevelopment theory:
  7. Schumpeter is associated with:
  8. Which one of the following has been wrongly listed as a defect of Schumpeter s theory?
  9. According to Ricardo the key role in economic development is played by:
  10. 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:
  11. Schumpeter held that significant advances in national production occur by disharmonious leaps and spurts. This idea was:
  12. The chief defect of the neo-Classical theory of development is:
  13. The Entrepreneur theory of development holds that:
  14. The entrepreneurs undertake new development activities :
  15. The new-classical writers believed that economic development benefits:
  16. Which one of the following classical thinkers based the development theory on the prinicple of population?
  17. Which one of the following features has been wrongly listed as one of the ingredient of Marxian theory of development?
  18. Who saw a close relationship between underdevelopment and expansion of capitalism?
  19. According to Adam Smith the division of labour contributes to development:
  20. According to Schumpeter the entrepreneurs contribute to development by:
  21. An underdeveloped country is one which has good potential prospects for using:
  22. Generally the periphery countries are dependent on the centre for:
  23. Hansen argued that as compared to the nineteenth century the development at present suffered from two limitations viz:
  24. Hansen used the theory of Economic Maturity to examine the problems arising:
  25. is not correct?
  26. Lenin held that the export of capital tends to:
  27. Marx in his writings:
  28. Marxian theory depicts the development of human society on the basis of:
  29. Marxian theory of development:
  30. Non-classical theory of development became necessary:
  31. The capital accumulation which according to Marx contributes to development is rendered possible by:
  32. The classical economicts opposed government interference because:
  33. The classical thinkers envisaged development:
  34. The labour theory of value which formed one of the feature of theory of development offered by Racardo was:
  35. The Mandan theory of development was greatly influenced by:
  36. The most elaborate exposition of classical theory of development was offered by:
  37. The neo-classical thinkers:
  38. The Principles of Political Economy and Taxation (1817) which deals with the classical theory of development was written by:
  39. The Theory of Economic Maturity carried froward the ideas worked in The General Theory of Employment Interest and Money by:
  40. Theory of Economic Maturity regarding development is associated with:
  41. Which of following thinkers built up theory of development around theory wages and rent?
  42. Which one of the following has been wrongly listed as a feature of model of development offered by neo-classical thinkers?
  43. Which one of the following points of criticism levelled against Marx s theory of development is wrong?
  44. Which one of the following put forth classical theory of development?
  45. Which one of the following statements is correct?
  46. Which one of the following writers attributed the growth of social products to division of labour?
  47. Who considered saving as a necessary condition for economic development?
  48. Who expressed the opinion that he developed countries were never underdeveloped through they may have been underdeveloped?
  49. Who looked upon economic development as a race between capital accumulation and population growth?
  50. Who offered the agrument that the population grows whenever workers wages rise above subsistence level?
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