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61.

Which one of the following writer was not associated with the classical theory of development?

A.	Adam Smith	B.	Ricardo
C.	Malthus	D.	Marshall

62.

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

63.

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

64.

Which of following thinkers built up theory of development around theory wages and rent?

A.	Marx	B.	Ricardo
C.	Adam Smith	D.	None of the above

65.

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

66.

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

67.

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

68.

Who considered saving as a necessary condition for economic development?

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

69.

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

70.

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