Which one of the following, according to Ricardo, would form a bottleneck to economic growth?
A)Shortage of land
B)Rising rent
C)Shortage of gold and silver
D)Rising wage bills

Question

Quizplus · Accepted Answer

David Ricardo, a classical economist, posited that a shortage of land would lead to diminishing returns in agricultural production, which in turn would form a bottleneck to economic growth. This is because as population grows, less fertile land is brought into production, leading to higher costs and limiting economic expansion.

Which One of the Following, According to Ricardo, Would Form