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Theories of Economic Developmenteconomics-mcqs › theories-of-economic-development
Published
27 May 2019
Last updated
28 May 2026

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Identify the individual who is not considered a classical economist from the list below.

Multiple choice question for Theories of Economic Development. Select an option, then review the explanation below.

Choose the correct answer

Explanation

Adam Smith, Thomas Robert Malthus, and John Stuart Mill are recognized classical economists. However, John Maynard Keynes is known for his contributions to modern economics, particularly Keynesian economics, and is not classified as a classical economist.

Practice related questions from the same subject.

  1. 1.What is the fundamental distinction between capitalism and socialism?
  2. 2.According to Baran, what factors contribute to the underdevelopment of Asia, Africa, and Latin America?
  3. 3.What does the acronym OECD represent?
  4. 4.According to Rosenstein-Rodan, where does a significant indivisibility primarily exist?
  5. 5.What does the Vicious Circle theory suggest about poverty?

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