Which one of the following is not an assumption of the Ricardian theory?

Related MCQs

• Which one of the following statements is not in tune with the Ricardian theory of growth?
• In the Ricardian scheme of things, savings are provided by .
• In the Ricardian system, a crucial role in development was assigned to .
• Which of the following models makes the assumption of constant saving-income ratio?
• Which one of the following was given a central place by Schumpeter in his theory of development?
• Which of the following is inconsistent with Adam Smith’s theory of development?
• Which of the following is inconsistent with the Schumpeter's theory of development?
• Who formulated the theory of circular and cumulative causation which explains the perpetuation of underdevelopment through growing inequalities between developed and the underdeveloped countries?
• Ricardo built his theory round .
• The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on .