Which one of the following is not an assumption of the Ricardian theory?
A) Rising real wages
B) Fixity of land
C) Operation of the law of diminishing returns
D) Perfect competition
Correct Answer:
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Q11: Economic growth can be seen by an
Q12: The concept of Economic Planning in India
Q13: Economic development refers to _.
A)Economic growth.
B)Economic growth
Q14: Economic development means_.
A)Economic growth.
B)Economic growth plus structural
Q15: In the Ricardian scheme of things, savings
Q16: Which one of the following statements is
Q18: Ricardo built his theory round .
A)Value
B)Capital
C)Wages
D)Natural resources
Q19: In the Ricardian system, a crucial role
Q20: Which of the following models uses three
Q21: The classical theory of economic development is
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