[Solved] Which of the following is inconsistent with Adam Smith’s theory of development?

McqMate

Q.	Which of the following is inconsistent with Adam Smith’s theory of development?
A.	Development process is cumulative in nature
B.	There is no limit to the growth process
C.	Capital accumulation and market extension are two prerequisites for output expansion
D.	There should be no government interference in the working of the economy
Answer» B. There is no limit to the growth process

4.2k

0

Do you find this helpful?

32

View all MCQs in

Economics of Development

Discussion

No comments yet

Related MCQs

Which of the following is inconsistent with the Schumpeter's theory of development?
The division of labour, according to Adam Smith, is limited by __________.
Which one of the following was given a central place by Schumpeter in his theory of development?
The classical theory of economic development is of relevance for the less developed countries today because it lays emphasis on .
Karl Marx ideas about development theory are available in __________ .
In Schumpeter’s theory of development maximum stress has been laid on:
Myrdal builds his theory of economic development around the idea of__________ .
According to the supply side of the vicious circle theory of development a country is poor because .
Which of the following explains the term economic development?
Which one of the following statements is not in tune with the Ricardian theory of growth?