Revealed preference theory of demand is given by (a) Paul M. Sweegy (b) Marshall (c) Paul Samuelson (d) Hicks

Revealed preference theory of demand is given by
(a) Paul M. Sweegy
(b) Marshall
(c) Paul Samuelson
(d) Hicks
by

1 Answer

Answer :

(a) Paul M. Sweegy
by

Related questions

Who propounded the Innovation theory of profits? (1) J.A. Schumpeter (2) P.A. Samuelson (3) Alfred Marshall (4) David Ricardo.

Description : Who propounded the Innovation theory of profits? (1) J.A. Schumpeter (2) P.A. Samuelson (3) Alfred Marshall (4) David Ricardo.

Last Answer : (1) J.A. Schumpeter Explanation: Schumpeter's (1934) original theory of innovative profits emphasized the role of entrepreneurship (his term was entrepreneurial profits) and the ... innovation, in which independent inventors typically fed discoveries as potential inputs to entrepreneurial firms.

Who propounded the Innovation theory of profits ? (1) J.A. Schumpeter (2) P.A. Samuelson (3) Alfred Marshall (4) David Ricardo

Description : Who propounded the Innovation theory of profits ? (1) J.A. Schumpeter (2) P.A. Samuelson (3) Alfred Marshall (4) David Ricardo

Last Answer : J.A. Schumpeter

The Liquidity Preference Theory of Interest was propounded by : (1) J.M. Keynes (2) David Ricardo (3) Alfred Marshall (4) Adam Smith

Description : The Liquidity Preference Theory of Interest was propounded by : (1) J.M. Keynes (2) David Ricardo (3) Alfred Marshall (4) Adam Smith

Last Answer : (1) J.M. Keynes Explanation: In macroeconomic theory, liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by John May-nard Keynes in his book ... Money (1936) to explain determination of the interest rate by the supply and demand for money.

The Liquidity Preference Theory of Interest was propounded by : (1) J.M. Keynes (2) David Ricardo (3) Alfred Marshall (4) Adam Smith

Description : The Liquidity Preference Theory of Interest was propounded by : (1) J.M. Keynes (2) David Ricardo (3) Alfred Marshall (4) Adam Smith

Last Answer : J.M. Keynes

"he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Description : "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Last Answer : (3) Hicks Explanation: British economist John Hicks said that National income is a collection of goods and services reduced to a common basis by being measured in terms of money. Hicks ... macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory.

“The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money.”–– Who says this ? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Description : “The national income consists of a collection of goods and services reduced to common basis by being measured in terms of money.”–– Who says this ? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

Last Answer : Hicks

The time element in price analysis was introduced by : (1) J.M. Keynes (2) Alfred Marshall (3) J.S. Mill (4) J.R. Hicks

Description : The time element in price analysis was introduced by : (1) J.M. Keynes (2) Alfred Marshall (3) J.S. Mill (4) J.R. Hicks

Last Answer : (2) Alfred Marshall Explanation: Marshall, who propounded the theory that price is determined by both demand and supply, also gave a great importance to the time element in the determination of price. ... and the longer the period more important will be the influence of cost of production on value."

The time element in price analysis was introduced by : (1) J.M. Keynes (2) Alfred Marshall (3) J.S. Mill (4) J.R. Hicks

Description : The time element in price analysis was introduced by : (1) J.M. Keynes (2) Alfred Marshall (3) J.S. Mill (4) J.R. Hicks

Last Answer :  Alfred Marshall 

Who developed the Game Theory a. J.R. Hicks b. William J. Baumol c. Neumann Morgenstern d. Samuelson P.T.

Description : Who developed the Game Theory a. J.R. Hicks b. William J. Baumol c. Neumann Morgenstern d. Samuelson P.T.

Last Answer : c. Neumann Morgenstern

-The theory of stages of growth is associated with (a) Simon Kuznets (b) W.W. Rostow (c) Paul Samuelson (d) Colin Clark

Description : -The theory of stages of growth is associated with (a) Simon Kuznets (b) W.W. Rostow (c) Paul Samuelson (d) Colin Clark

Last Answer : (b) W.W. Rostow

Put into chronological order on the basis of development: l. Law of demand 2. Law of indifference 3. Law of diminishing marginal utility 4. Revealed preference curve 5. Indifference curve A.1 3 4 2 5 B.1 5 3 4 2 C.1 3 2 5 4D.1 2 3 4 5

Description : Put into chronological order on the basis of development: l. Law of demand 2. Law of indifference 3. Law of diminishing marginal utility 4. Revealed preference curve 5. Indifference curve A.1 3 4 2 5 B.1 5 3 4 2 C.1 3 2 5 4 D.1 2 3 4 5

Last Answer : C.1 3 2 5 4

Wage fund theory was propounded by (1) J.B. Say (2) J.S. Mill (3) J.R. Hicks (4) J.M. Keynes

Description : Wage fund theory was propounded by (1) J.B. Say (2) J.S. Mill (3) J.R. Hicks (4) J.M. Keynes

Last Answer : (2) J.S. Mill Explanation: J.S. Mill developed the wagesfund theory. This theory of wage was an attempt to show that in certain circumstances wages could rise above subsistence level. According to this ... be paid. This fund of capital is called wages-fund out of which wages are paid to labourers.

Wage fund theory was propounded by (1) J.B. Say (2) J.S. Mill (3) J.R. Hicks (4) J.M. Keynes

Description : Wage fund theory was propounded by (1) J.B. Say (2) J.S. Mill (3) J.R. Hicks (4) J.M. Keynes

Last Answer : J.S. Mill 

----------is known as father of economics (a) Adam Smith ; (b) Professor A Samulson ; (c) Alfred Marshall ; (d) J R Hicks

Description : ----------is known as father of economics (a) Adam Smith ; (b) Professor A Samulson ; (c) Alfred Marshall ; (d) J R Hicks

Last Answer : (a) Adam Smith ; 

The book which is at the centrepiece of the study of Macro - Economics was written by - (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Description : The book which is at the centrepiece of the study of Macro - Economics was written by - (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Last Answer : (2) Prof. J.M. Keynes Explanation: J.M. Keynes's magnum opus, The General Theory of Employment, Interest and Money' is often viewed as the foundation of modern macroeconomics. Macroeconomics ... , structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

The book which is at the centrepiece of the study of Macro - Economics was written by (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Description : The book which is at the centrepiece of the study of Macro - Economics was written by (1) Prof. Samuelson (2) Prof. J.M. Keynes (3) Prof. Benham (4) Prof. Baumol

Last Answer : Prof. J.M. Keynes

Who defined investment as "the construction of a new capital asset like machinery or factory building"? (1) Hansen (2) J.M. Keynes (3) Harrod (4) J.R. Hicks

Description : Who defined investment as "the construction of a new capital asset like machinery or factory building"? (1) Hansen (2) J.M. Keynes (3) Harrod (4) J.R. Hicks

Last Answer : (2) J.M. Keynes Explanation: Investment expenditure refers to the creation of new assets i.e. an addition to the stock of existing capital assets. According to Keynes investment demand depends upon ... the rate of interest (IR). Investment demand decreases with the increase in the rate of interest.

Who defined investment as “the construction of a new capital asset like machinery or factory building” ? (1) Hansen (2) J.M. Keynes (3) Harrod (4) J.R. Hicks

Description : Who defined investment as “the construction of a new capital asset like machinery or factory building” ? (1) Hansen (2) J.M. Keynes (3) Harrod (4) J.R. Hicks

Last Answer : J.M. Keynes

Who said 'Supply creates its own demand'? (1) Adam Smith (2) J.B.Saw (3) Marshall (4) Ricardo

Description : Who said 'Supply creates its own demand'? (1) Adam Smith (2) J.B.Saw (3) Marshall (4) Ricardo

Last Answer : (2) J.B.Saw Explanation: "Supply creates its own demand" is the formulation of Say's law by John Maynard Keynes. The rejection of this doctrine is a central component of The General Theory of ... when there are too many means of production applied to one kind of product and not enough to another

Who said ‘Supply creates its own demand’? (1) Adam Smith (2) J.B.Saw (3) Marshall (4) Ricardo

Description : Who said ‘Supply creates its own demand’? (1) Adam Smith (2) J.B.Saw (3) Marshall (4) Ricardo

Last Answer : J.B.Saw

The innovation theory of profit was proposed by - (1) Marshall (2) Clark (3) Schumpeter (4) Joan Robbinson

Description : The innovation theory of profit was proposed by - (1) Marshall (2) Clark (3) Schumpeter (4) Joan Robbinson

Last Answer : (3) Schumpeter Explanation: The Innovation Theory of Profit was proposed by Joseph. A. Schumpeter, who believed that an entrepreneur can earn economic profits by introducing successful innovations. In ... to introduce innovations and the profit in the form of reward is given for his performance.

The innovation theory of profit was proposed by (1) Marshall (2) Clark (3) Schumpeter (4) Joan Robbinson

Description : The innovation theory of profit was proposed by (1) Marshall (2) Clark (3) Schumpeter (4) Joan Robbinson

Last Answer : Schumpeter

Theory of international trade was given by:- A. Adam Smith B. Ricardo C. Hicks D. Ohlin

Description : Theory of international trade was given by:- A. Adam Smith B. Ricardo C. Hicks D. Ohlin

Last Answer : Ricardo

Tha Law of Demand is based on - (1) Manufacturer's preference (2) Seller's preference (3) Supplier's preference (4) Consumer's preference

Description : Tha Law of Demand is based on - (1) Manufacturer's preference (2) Seller's preference (3) Supplier's preference (4) Consumer's preference

Last Answer : (4) Consumer's preference Explanation: The Law of Demand states that, all else being equal, as the price of a product increases, quantily demanded lowers; likewise, as the price ... services to purchase. Each consumer will purchase different things because individual preferences and incomes differ.

A price consumption curve, traces the utility maximizing combination of two goods when (a) the price of one good changes (b) the consumer’s preference change © the consumer’s income changes (d) the demand curve for one of the goods shifts rightward

Description : A price consumption curve, traces the utility maximizing combination of two goods when (a) the price of one good changes (b) the consumer’s preference change © the consumer’s income changes (d) the demand curve for one of the goods shifts rightward

Last Answer : (a) the price of one good changes

Tha Law of Demand is based on (1) Manufacturer’s preference (2) Seller’s preference (3) Supplier’s preference (4) Consumer’s preference

Description : Tha Law of Demand is based on (1) Manufacturer’s preference (2) Seller’s preference (3) Supplier’s preference (4) Consumer’s preference

Last Answer : Consumer’s preference

Who discovered the Gamma Rays? A. Alfred Marshall B. Paul Villard (Answer) C. Bohar D. Jabar bin Hayan

Description : Who discovered the Gamma Rays? A. Alfred Marshall B. Paul Villard (Answer) C. Bohar D. Jabar bin Hayan

Last Answer : B. Paul Villard (Answer)

Das Kapital, published in German in 1867, was authored by: a) Karl Marx b) John Maynard Keynes c) F. Hayek d) Samuelson

Description : Das Kapital, published in German in 1867, was authored by: a) Karl Marx b) John Maynard Keynes c) F. Hayek d) Samuelson

Last Answer : a) Karl Marx b) John Maynard Keynes c) F. Hayek d) Samuelson

Macroeconomics as a separate branch came to be studied after thecontributions of which economist?a) Adam Smithb) John Maynard Keynesc) F. Hayekd) Samuelson

Description : Macroeconomics as a separate branch came to be studied after thecontributions of which economist? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson

Last Answer : b) John Maynard Keynes John Maynard Keynes's 1936 book, 'The General Theory of Employment, Interest, and Money' laid the foundations for Macroeconomics

Who is called as the 'founding father of modern economics'? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson

Description : Who is called as the 'founding father of modern economics'? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson

Last Answer : a) Adam Smith Adam Smith's “1776 book "An Inquiry into the Nature and Causes of the Wealth of Nations"― many of the major ideas that we use in economics today

Who is credited with brining the term "the invisible hand"• in economics? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson

Description : Who is credited with brining the term "the invisible hand"• in economics? a) Adam Smith b) John Maynard Keynes c) F. Hayek d) Samuelson

Last Answer : a) Adam Smith

The father of Economics is - (1) Marshall (2) Adam Smith (3) J.M. Keynes (4) Karl Marx

Description : The father of Economics is - (1) Marshall (2) Adam Smith (3) J.M. Keynes (4) Karl Marx

Last Answer : (2) Adam Smith Explanation: Adam Smith is known as 'Father of Modern Economics,' He is best known for two classic works: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).

The terms "Micro Economics" and "Macro Economics" were coined by - (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Description : The terms "Micro Economics" and "Macro Economics" were coined by - (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Last Answer : (3) Ragner Frisch Explanation: The terms microeconomics and macroeconomics were coined by Professor Ragnar Frisch of Oslo University for the first time in 1933 and since then they gained popularity and ... number of significant advances in the field of economics and coined a number of new words.

The terms “Micro Economics” and “Macro Economics” were coined by (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Description : The terms “Micro Economics” and “Macro Economics” were coined by (1) Alfred Marshall (2) Ragner Nurkse (3) Ragner Frisch (4) J.M. Keynes

Last Answer : Ragner Frisch 

Input – Output technique was invented by (a) Lewis (b) Hicks (c) Todaro (d) Leontief

Description : Input – Output technique was invented by (a) Lewis (b) Hicks (c) Todaro (d) Leontief

Last Answer : (d) Leontief

Modern theory of international trade is based on the view of A. Adam Smith B. Ricardo C. Hecksher and Ohlin D. Hicks

Description : Modern theory of international trade is based on the view of A. Adam Smith B. Ricardo C. Hecksher and Ohlin D. Hicks

Last Answer : Hecksher and Ohlin

Traditional approach to law of Demand was propounded by (a) Giffen ; (b) A Samulson ; (c) Alfred Marshall ; (d) Pique

Description : Traditional approach to law of Demand was propounded by (a) Giffen ; (b) A Samulson ; (c) Alfred Marshall ; (d) Pique

Last Answer :  (c) Alfred Marshall ;

J. B. Say's Law of Market was not accepted by - (1) Adam Smith (2) Marshall (3) Malthus (4) David Ricardo

Description : J. B. Say's Law of Market was not accepted by - (1) Adam Smith (2) Marshall (3) Malthus (4) David Ricardo

Last Answer : (2) Marshall Explanation: Malthus opposed what has come to be described as Say's Law: that supply creates its own demand. He rejected the proposition that the demand for ... productivity increased significantly, demand would not necessarily match supply and gluts of commodities might result.

ho defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil? (1) Ricardo (2) Marshall (3) Keynes (4) Plgou

Description : ho defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil? (1) Ricardo (2) Marshall (3) Keynes (4) Plgou

Last Answer : (1) Ricardo Explanation: In his The Principles of Political Economy and Taxation (1821), David Ricardo stated: "Rent is that portion of the produce of the earth, which is paid to the landlord for ... in popular language, the term is applied to whatever is annually paid by a farmer to his landlord.

The General Equilibrium Analysis" was developed by - (1) Marshall (2) Ricardo (3) Walras (4) Adam Smith

Description : The General Equilibrium Analysis" was developed by - (1) Marshall (2) Ricardo (3) Walras (4) Adam Smith

Last Answer : (3) Walras Explanation: French economist Leon Walras put forward the General Equilibrium Theory in his pioneering 1874 work 'Elements of Pure Economics'. The theory attempts to explain the functioning of ... tried to show how and why all free markets tended toward equilibrium in the long run.

"Interest is a reward for parting with liquidity" is according to - (1) Keynes (2) Marshall (3) Haberler (4) Ohlin

Description : "Interest is a reward for parting with liquidity" is according to - (1) Keynes (2) Marshall (3) Haberler (4) Ohlin

Last Answer : (1) Keynes Explanation: In macroeconomic theory, liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by John Maynard Keynes in his book The ... a reward for saving, interest in the Keynesian analysis is a reward for parting with liquidity.

Who is called the 'Father of Economics'? (1) Max Muller (2) Karl Marx (3) Adam Smith (4) Alfred Marshall

Description : Who is called the 'Father of Economics'? (1) Max Muller (2) Karl Marx (3) Adam Smith (4) Alfred Marshall

Last Answer : (3) Adam Smith Explanation: Adam Smith who laid the foundations of classical free market economic theory is known as the Father of Modern Economics. His magnum opus, An Inquiry into the Nature and Causes of the Wealth of Nations (1776),' is considered the first modern work of economics.

Imperfect competition was introduced by A.Marshall B.Chamberlin C.Keynes D.None

Description : Imperfect competition was introduced by A.Marshall B.Chamberlin C.Keynes D.None

Last Answer : B.Chamberlin

Imperfect competition was introduced by A.Marshall B.Chamberlin C.Keynes D.None

Description : Imperfect competition was introduced by A.Marshall B.Chamberlin C.Keynes D.None

Last Answer : B.Chamberlin

Which economist stated the positive impact of monopoly? A.Marshall B.Adam Smith C.Joseph Schumpeter D.Pigou

Description : Which economist stated the positive impact of monopoly? A.Marshall B.Adam Smith C.Joseph Schumpeter D.Pigou

Last Answer : C.Joseph Schumpeter

The Absorption Approach is developed by (a) Sidney Alexander (b) Alfred Marshall (c) A. Lerner (d) Jacob Viner

Description : The Absorption Approach is developed by (a) Sidney Alexander (b) Alfred Marshall (c) A. Lerner (d) Jacob Viner

Last Answer : Sidney Alexander

J. B. Say’s Law of Market was not accepted by : (1) Adam Smith (2)Marshall (3) Malthus (4) David Ricardo

Description : J. B. Say’s Law of Market was not accepted by : (1) Adam Smith (2)Marshall (3) Malthus (4) David Ricardo

Last Answer : Marshall

Who defined ‘Rent’ as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil ? (1) Ricardo (2) Marshall (3) Keynes (4) Pigou

Description : Who defined ‘Rent’ as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil ? (1) Ricardo (2) Marshall (3) Keynes (4) Pigou

Last Answer : Ricardo

”The General Equilibrium Analysis” was developed by (1) Marshall (2) Ricardo (3) Walras (4) Adam Smith

Description : ”The General Equilibrium Analysis” was developed by (1) Marshall (2) Ricardo (3) Walras (4) Adam Smith

Last Answer : Walras

Change in consumers tastes and preference causes – of the particular goods (a) Change in quantity demanded ; (b) Shift in demand curve ; (c) Change in price ; (d) No effect on quantity demanded

Description : Change in consumers tastes and preference causes – of the particular goods (a) Change in quantity demanded ; (b) Shift in demand curve ; (c) Change in price ; (d) No effect on quantity demanded

Last Answer : (b) Shift in demand curve ;