Multiple Choice
Which one of the following is not an assumption of the Ricardian theory?
A) Rising real wages
B) Fixity of land
C) Operation of the law of diminishing returns
D) Perfect competition
Correct Answer:
Verified
Correct Answer:
Verified
Q11: Ricardo built his theory round .<br>A)Value<br>B)Capital<br>C)Wages<br>D)Natural resources
Q12: Which of the following explains the term
Q13: Economic development is characterized by<br>A)Structural change in
Q14: Which of the following models uses three
Q15: Among the following determinants of growth, which
Q16: In the Ricardian scheme of things, savings
Q17: The concept of Economic Planning in India
Q18: Besides increase in output, economic development is
Q19: Which of the following is not an
Q21: Underdevelopment is defined in terms of?<br>A)National income<br>B)Per