Multiple Choice
The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on .
A) Need for favourable institutional and social initiatives
B) Extension of markets
C) Capital accumulation
D) All of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is generally regarded
Q2: The concept of economic growth is_.<br>A)Identical with
Q3: Which of the following explains the term
Q4: Economic development means_.<br>A)Economic growth.<br>B)Economic growth plus structural
Q6: The rate of growth of an economy
Q7: Economic development refers to _.<br>A)Economic growth.<br>B)Economic growth
Q8: Economic growth can be seen by an
Q9: Which one of the following statements is
Q10: In the Ricardian system, a crucial role
Q11: Ricardo built his theory round .<br>A)Value<br>B)Capital<br>C)Wages<br>D)Natural resources