Q
The chief defect of the neo-Classical theory of development is: __________?
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A
A. It attaches too much importance to factors like political stability and attitude of the people
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B
B. It completely ignores factors like political stability and attitudes of people
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C
C. It refused to consider development as a gradual and continuous process
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D
D. It completely ignores the importance of interest as a factor in establishing equilibrium between supply of savings and demand for capital
Correct Answer:
B. B. It completely ignores factors like political stability and attitudes of people
