Q
Which one of the following criticism levelled against the classical theory of development is not correct?
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A
A. It underestimated the possibility of technological progress
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B
B. It failed to adequately analyze the problem of maintaining aggregate demand
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C
C. It attached too much importance to the role of technology in development
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D
D. None of the above
Correct Answer:
C. C. It attached too much importance to the role of technology in development
