The term 'Macro Economics' was used by _______. (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

The term 'Macro Economics' was used by _______. (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight
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(2) Ragner Frisch Explanation: Ragnar Frisch coined the widelyused term pair macroeconomics/ microeconomics in 1933. He was a Norwegian economist and the co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969. Fie is known for having founded the discipline of econometrics.
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The term ‘Macro Economics’ was used by __________ . (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

Description : The term ‘Macro Economics’ was used by __________ . (1) J.M. Keynes (2) Ragner Frisch (3) Ragner Nurkse (4) Prof. Knight

Last Answer : Ragner Frisch

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

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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 

The terms Micro economic and Macro economics were coined by (a) Professor A Samulson ; (b) Giffen ; (c) Prof. Ragner Frisch ; (d) Eagle

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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

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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

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Description : Who is called the Father of Economics? (1) J.M. Keynes (2) Malthus (3) Ricardo (4) Adam Smith

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Description : Who is called the Father of Economics? (1) J.M. Keynes (2) Malthus (3) Ricardo (4) Adam Smith 

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

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The economist who believed that unemployment is impossible and that market mechanism has a built in regulatory system to meet any ups and downs - (1) J.M.Keynes (2) Ohlin (3) J. B. Say (4) Galbraith

Description : The economist who believed that unemployment is impossible and that market mechanism has a built in regulatory system to meet any ups and downs - (1) J.M.Keynes (2) Ohlin (3) J. B. Say (4) Galbraith

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"Supply creates its own demand" - Who said this? (1) J. B. Say (2) J. S. Mill (3) J. M. Keynes (4) Senior

Description : "Supply creates its own demand" - Who said this? (1) J. B. Say (2) J. S. Mill (3) J. M. Keynes (4) Senior

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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

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

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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

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The ‘Canons of Taxation’ were propounded by (1) Edwin Canon (2) Adam Smith (3) J.M. Keynes (4) Dalton

Description : The ‘Canons of Taxation’ were propounded by (1) Edwin Canon (2) Adam Smith (3) J.M. Keynes (4) Dalton

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The economist who believed that unemployment is impossible and that market mechanism has a built in regulatory system to meet any ups and downs (1) J.M.Keynes (2) Ohlin (3) J.B.Say (4) Galbraith

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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

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“Supply creates its own demand” – Who said this ? (1) J. B. Say (2) J. S. Mill (3) J. M. Keynes (4) Senior

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Which of the following concepts are most closely associated with J.M. Keynes ? (1) Control of money supply (2) Marginal utility theory (3) Indifference curve analysis (4) Marginal efficiency of captial

Description : Which of the following concepts are most closely associated with J.M. Keynes ? (1) Control of money supply (2) Marginal utility theory (3) Indifference curve analysis (4) Marginal efficiency of captial

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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

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'Supply creates its own demand'. This statement is related to - (1) Prof. J.B. Say (2) John Robinson (3) Adam Smith (4) J.S. Mill

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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 for the concept that there could be equilibrium in an economy at less than full employment also ? (a) J.B. Say(b) Keynes(c) Fisher(d) Milton Friedman

Description : Who is credited for the concept that there could be equilibrium in an economy at less than full employment also ? (a) J.B. Say (b) Keynes (c) Fisher (d) Milton Friedman

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Vicious circle of poverty should be broken for economic development. This fact has been emphasised by : (a) Ragnar Nurkse (b) Lewis (c) Rosenstein (d) Singer

Description : Vicious circle of poverty should be broken for economic development. This fact has been emphasised by : (a) Ragnar Nurkse (b) Lewis (c) Rosenstein (d) Singer

Last Answer : (a) Ragnar Nurkse

Price theory is also known as - (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics

Description : Price theory is also known as - (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics

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Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Description : Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Last Answer : (1) Environomics Explanation: In economics, an externality is a cost or benefit which results from an activity or transaction and which affects an otherwise uninvolved party who did not choose ... a classic case of an externality. Externality theory forms the basic theory of environmental economics.

The principle of maximum social advantage is the basic principle of - (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Description : The principle of maximum social advantage is the basic principle of - (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

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The basic problem studied in Macro - Economics is - (1) production of income (2) usage of income (3) flow of income (4) distribution of income

Description : The basic problem studied in Macro - Economics is - (1) production of income (2) usage of income (3) flow of income (4) distribution of income

Last Answer : (1) production of income Explanation: Macroeconomics involves the sum total of economic activity, dealing with the issues such as production of national income, growth, inflation, and unemployment. It is all about is about maximizing national income and growth.

Which is the basically a decision making science ? a. Farm management b. Macro economics c. Micro economics d. None of these

Description : Which is the basically a decision making science ? a. Farm management b. Macro economics c. Micro economics d. None of these

Last Answer : a. Farm management

Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics

Description : Externality theory is the basic theory of the following branch of Economics: (1) Environomics (2) Fiscal Economics (3) International Economics (4) Macro Economics 

Last Answer : Environomics

The basic problem studied in Macro - Economics is (1) production of income (2) usage of income (3) flow of income (4) distribution of income

Description : The basic problem studied in Macro - Economics is (1) production of income (2) usage of income (3) flow of income (4) distribution of income

Last Answer :  production of income

The principle of maximum social advantage is the basic principle of (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Description : The principle of maximum social advantage is the basic principle of (1) Micro Economics (2) Macro Economics (3) Fiscal Economics (4) Environmental Economics

Last Answer : Fiscal Economics

Price theory is also known as (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics

Description : Price theory is also known as (1) Macro Economics (2) Development Economics (3) Public Economics (4) Micro Economics 

Last Answer : Micro Economics

Prof. Amartya Sen was awarded Nobel Prize for his contribution to the field of (1) food and famines (2) welfare economics (3) Indian economy (4) poverty

Description : Prof. Amartya Sen was awarded Nobel Prize for his contribution to the field of (1) food and famines (2) welfare economics (3) Indian economy (4) poverty

Last Answer : welfare economics

Prof Miltion Fridman was leader of - (1) Ohio school (2) Chicago school (3) Cambridge school (4) London school

Description : Prof Miltion Fridman was leader of - (1) Ohio school (2) Chicago school (3) Cambridge school (4) London school

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Prof Miltion Fridman was leader of (1) Ohio school (2) Chicago school (3) Cambridge school (4) London school

Description : Prof Miltion Fridman was leader of (1) Ohio school (2) Chicago school (3) Cambridge school (4) London school

Last Answer : Chicago school

Who developed the innovations theory of profit? (1) Walker (2) Clark (3) Knight (4) Schumpeter

Description : Who developed the innovations theory of profit? (1) Walker (2) Clark (3) Knight (4) Schumpeter

Last Answer : (4) Schumpeter Explanation: Joseph Alois Schumpeter (1883- 1950) was Austrian-born American economist and social scientist. He did important early analyses of business cycles and economic growth. He ... (1942), he argued that capitalism would naturally evolve into socialism through its very success.

Who propounded Dynamic Theory of profit? (1) Clark (2) Schumpeter (3) Knight (4) Hawly

Description : Who propounded Dynamic Theory of profit? (1) Clark (2) Schumpeter (3) Knight (4) Hawly

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Who developed the innovations theory of profit ? (1) Walker (2) Clark (3) Knight (4) Schumpeter

Description : Who developed the innovations theory of profit ? (1) Walker (2) Clark (3) Knight (4) Schumpeter

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Who propounded Dynamic Theory of profit ? (1) Clark (2) Schumpeter (3) Knight (4) Hawly

Description : Who propounded Dynamic Theory of profit ? (1) Clark (2) Schumpeter (3) Knight (4) Hawly

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Description : Who among the following is not a classical economist? (1) David Ricardo (2) John Stuart Mill (3) Thomas Malthus (4) John Maynard Keynes

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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

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