Q. Which of the following had the approval of the classical economists (particularly J.S. Mill) as an aid to development?
a. Subsidizing the poor
b. Imposition of temporary duties on imports to develop particular industries
c. Regulation of activities of the rising business class
d. Appropriating a part of the national product by the government for unproductive uses
ANSWER: Imposition of temporary duties on imports to develop particular industries
Answer & Explanation
No explanation is available for this question!