The main objective of the Fascists in Italy was to transform Italy into: _____?
A. A socialist state
B. A laissez faire state
C. A great power
D. None of the above
The term ‘fascism’ is derived from the world ‘facio’ which means _____?
A. A bundle of sticks
B. A bundle of rods
C. A bundle of brooms
D. None of 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 Principles of Political Economy and Taxation (1817) which deals with the classical theory of development was written by: _________?
A. Ricardo
B. Adam Smith
C. J.S. Mill
D. Malthus
