Those who view development not in purely economic terms but in socio cultural matrix attribute the development to: __________?

A. The form of government
B. The legal system
C. Standards of education and health
D. All the above

Which one of the following writers attributed the growth of social products to division of labour?

A. Adam smith
B. Herbert spencer
C. Karl marx
D. All the above

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

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

Who offered the agrument that the population grows whenever workers’ wages rise above subsistence level?

A. Adam smith
B. Malthus
C. Ricardo
D. None of the above

According to Adam Smith the division of labour contributes to development because:

A. It leads to an increase in dexterity among workers
B. It leads to reduction in production time
C. It leads to invention of better machines and equipment
D. All the above factors

Who considered saving as a necessary condition for economic development?

A. Adam smith
B. Marx
C. Marshall
D. All the above

According to Adam Smith the division of labour contributes to development:

A. When the market demand is sufficiently large
B. When the market is small
C. When the market is neither too small nor too large
D. Urder all types of markets

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

The classical thinkers envisaged development:

A. With the assistance of the government
B. Without interference by the government
C. Under the guidance of the government
D. Though the combination of all the above methods