The Ability Principle of Taxation is given by (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

The Ability Principle of Taxation is given by (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill
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Adam Smith
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The Ability Principle of Taxation is given by - (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

Description : The Ability Principle of Taxation is given by - (1) Adam Smith (2) Edgeworth (3) Joan Robinson (4) J.S.Mill

Last Answer : (1) Adam Smith Explanation: The 'Ability-to-Pay' principle of Taxation is one of the canons of taxation proposed by Adam Smith in his 'Wealth of Nations.' It is a progressive taxation principle ... to pay of an individual or group. The emphasis in this approach is put on redistribution of income.

'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

Description : '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

Last Answer : (1) Prof. J.B. Say Explanation: Jean Baptiste Say was a French economist. I le is well known for Say's Law (or Say's Law of Markets), often summarized as: "Aggregate supply creates ... create enough demand to buy the goods. Thus production is determined by the supply of goods rather than demand.

By whom was the autonomous investment separated from induced investment? (1) Schumpeter (2) Malthus (3) Joan Robinson (4) Adam Smith

Description : By whom was the autonomous investment separated from induced investment? (1) Schumpeter (2) Malthus (3) Joan Robinson (4) Adam Smith

Last Answer : (1) Schumpeter Explanation: Under his concept of creative destruction, Schunipeter distinguished between two types of investment that he called induced and autonomous. Induced investment arose from the ... Saving up constituted the part of out-put that is withheld from investment and consumption.

By whom was the autonomous investment separated from induced investment ? (1) Schumpeter (2) Malthus (3) Joan Robinson (4) Adam Smith

Description : By whom was the autonomous investment separated from induced investment ? (1) Schumpeter (2) Malthus (3) Joan Robinson (4) Adam Smith

Last Answer : Schumpeter

‘Wage Fund Theory’ has been given by (a) Adam Smith (b) Malthus (c) David Ricardo (d) J.S. Mill

Description : ‘Wage Fund Theory’ has been given by (a) Adam Smith (b) Malthus (c) David Ricardo (d) J.S. Mill

Last Answer : (c) David Ricardo

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

Last Answer : (2) Adam Smith Explanation: Canons of Taxation were first originally laid down by economist Adam Smith in his famous book 'The Wealth of Nations". In this book, Adam smith only gave four canons of taxation: ... equity: (ii) canon of certainty: (iii) canon of convenience; and (iv) canon of economy.

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

Last Answer : Adam Smith

Who said, "Economics is the Science of Wealth"? (1) Robbins (2) J.S. Mill (3) Adam Smith (4) Keynes

Description : Who said, "Economics is the Science of Wealth"? (1) Robbins (2) J.S. Mill (3) Adam Smith (4) Keynes

Last Answer : (3) Adam Smith Explanation: It was Adam Smith who conceptualized Economics as a science of wealth. Elaborating upon the scope and fundamental conceptualizations of the new science, he then called political economy as "an inquiry into the nature and causes of the wealth of nations."

” If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this? (a) Adam Smith (b) David Ricardo © J.S Mill (d) None of them.

Description : ” If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this? (a) Adam Smith (b) David Ricardo © J.S Mill (d) None of them.

Last Answer : (b) David Ricardo

The theory of Comparative Advantage was propounded by (a) Adam Smith (b) David Ricardo © J.S. Mill (d) None of them.

Description : The theory of Comparative Advantage was propounded by (a) Adam Smith (b) David Ricardo © J.S. Mill (d) None of them.

Last Answer : (b) David Ricardo

The theory of Absolute Advantage was propounded by (a) Adam Smith (b) David Ricardo © J. S Mill (d) None of them.

Description : The theory of Absolute Advantage was propounded by (a) Adam Smith (b) David Ricardo © J. S Mill (d) None of them.

Last Answer : (a) Adam Smith

Who said, “Economics is the Science of Wealth” ? (1) Robbins (2) J.S. Mill (3) Adam Smith(4) Keynes

Description : Who said, “Economics is the Science of Wealth” ? (1) Robbins (2) J.S. Mill (3) Adam Smith(4) Keynes 

Last Answer : Keynes

The Diffusion theory in Taxation was given by (a) Adam Smith (b) Seligman (c) Findlay (d) Mansfield and Canard

Description : The Diffusion theory in Taxation was given by (a) Adam Smith (b) Seligman (c) Findlay Shirras (d) Mansfield and Canard

Last Answer : (d) Mansfield and Canard

Which of the following economists is called the Father of Economics? (1) Malthus (2) Robinson (3) Ricardo (4) Adam Smith

Description : Which of the following economists is called the Father of Economics? (1) Malthus (2) Robinson (3) Ricardo (4) Adam Smith

Last Answer : (4) Adam Smith Explanation: Adam Smith, a Scottish moral philosopher and a pioneer of political economy, is cited as the "father of modern economics." He is best known for two classic works: The ... Wealth of Nations (1776). The Wealth of Nations is considered as the first modern work of economics.

“Communist Manifesto” was written by ………. (a) Marx and Engels (b) Adam Smith (c) Fanon (d) J.S. Mill

Description : “Communist Manifesto” was written by ………. (a) Marx and Engels (b) Adam Smith (c) Fanon (d) J.S. Mill

Last Answer : (a) Marx and Engels

Which one of the following is not a 'canon of taxation' according to Adam Smith? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Description : Which one of the following is not a 'canon of taxation' according to Adam Smith? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Last Answer : (2) Canon of simplicity Explanation: In this book, titled The Wealth of Nations, 'Adam smith only gave four canons of taxation: (i) canon of equity; (ii) canon of certainty; (iii) canon of convenience; and (iv) canon of economy.

Which of the followings cannons of taxation have been propounded by Adam Smith ? (a) Economy, Elasticity, Simplicity, Sufficiency. (b) Certainty, Convenience, Economy, Elasticity. (c) Economy, Co-ordination, Convenience, Expediency. (d) Equity, Certainty, Convenience, Economy.

Description : Which of the followings cannons of taxation have been propounded by Adam Smith ? (a) Economy, Elasticity, Simplicity, Sufficiency. (b) Certainty, Convenience, Economy, Elasticity. (c) Economy, Co-ordination, Convenience, Expediency. (d) Equity, Certainty, Convenience, Economy.

Last Answer : (a) Economy, Elasticity, Simplicity, Sufficiency.

Which one of the following is not a ‘canon of taxation’ according to Adam Smith ? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Description : Which one of the following is not a ‘canon of taxation’ according to Adam Smith ? (1) Canon of certainty (2) Canon of simplicity (3) Canon of convenience (4) Canon of economy

Last Answer : Canon of simplicity

According to Adam Smith which is not a 'canon of taxation'?

Description : According to Adam Smith which is not a 'canon of taxation'?

Last Answer : Canon of simplicity

The theory of monopolistic competition has been formulated in the United States of America by - (1) Joan Robinson (2) Edward Chamberlin (3) John Bates Clark (4) Joseph Schumpeter

Description : The theory of monopolistic competition has been formulated in the United States of America by - (1) Joan Robinson (2) Edward Chamberlin (3) John Bates Clark (4) Joseph Schumpeter

Last Answer : (2) Edward Chamberlin Explanation: In treatments of monopolistic competition, Edward Chamberlin and Joan Robinson are usually credited with simultaneously and independently developing the theory of monopolistic ... can be regarded as the parents of the modern study of imperfect competition.

Theory of Demographic Transition is propounded by (a) Malthus (b) Karl Marx (c) Thompson and Notestein (d) Mrs. Joan Robinson

Description : Theory of Demographic Transition is propounded by (a) Malthus (b) Karl Marx (c) Thompson and Notestein (d) Mrs. Joan Robinson

Last Answer : (a) Malthus

The theory of monopolistic competition has been formulated in the United States of America by (1) Joan Robinson (2) Edward Chamberlin (3) John Bates Clark (4) Joseph Schumpeter

Description : The theory of monopolistic competition has been formulated in the United States of America by (1) Joan Robinson (2) Edward Chamberlin (3) John Bates Clark (4) Joseph Schumpeter

Last Answer : Edward Chamberlin

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.

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 propounded the 'market law? (1) Adam Smith (2) J.B. Say (3) T.R. Malthus (4) David Recardo

Description : Who propounded the 'market law? (1) Adam Smith (2) J.B. Say (3) T.R. Malthus (4) David Recardo

Last Answer : (2) J.B. Say Explanation: Say's law, or the law of market, is an economic principle of classical economics named after the French businessman and economist Jean-Baptiste Say (1767-1832), who ... when there are too many means of production applied to one kind of product and not enough to another.

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

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

Last Answer : (4) Adam Smith Explanation: Adam Smith is best known for two classic works: The Theory of Moral Sentiments (1759), and An Ingully into the Nature and Causes of the Wealth of Nations (1776 ... father of modern economics and is still among the most influential thinkers in the field of economics today.

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 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.

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

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

Who propounded the ‘market law ? (1) Adam Smith (2) J.B. Say (3) T.R. Malthus (4) David Recardo

Description : Who propounded the ‘market law ? (1) Adam Smith (2) J.B. Say (3) T.R. Malthus (4) David Recardo

Last Answer : J.B. Say

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

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

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

Last Answer : Adam Smith

----------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 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.

"Functional Finance" is associated with : (1) Adolph Wogner (2) Adam Smith (3) Adams (4) Abba 'V Lerner

Description : "Functional Finance" is associated with : (1) Adolph Wogner (2) Adam Smith (3) Adams (4) Abba 'V Lerner

Last Answer : (4) Abba 'V Lerner Explanation: Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principle and cartelism. It states that government should finance ... , such as taming the business cycle, achieving full employment, ensuring growth, and low inflation.

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.

The concept of HDI was popularized by a. Morris D Morris b. Adam Smith c. Keynes d. Mahbub Ul Haq

Description : The concept of HDI was popularized by a. Morris D Morris b. Adam Smith c. Keynes d. Mahbub Ul Haq

Last Answer : d. Mahbub Ul Haq The concept developed in the 1990s. It has 3 important parameters- life expectancy, education achievement index and standard of living index.

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

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

“Functional Finance” is associated with : (1) Adolph Wogner (2) Adam Smith (3) Adams (4) Abba ‘P’ Lerner

Description : “Functional Finance” is associated with : (1) Adolph Wogner (2) Adam Smith (3) Adams (4) Abba ‘P’ Lerner

Last Answer : Abba ‘P’ Lerner

”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

The equilibrium is unstable and indeterminate under A.Edgeworth modelB.Cournot ModelC.Sweezy ModelD.Pareto Model

Description : The equilibrium is unstable and indeterminate under A.Edgeworth model B.Cournot Model C.Sweezy Model D.Pareto Model

Last Answer : A.Edgeworth model

A curve that goes through all the tangency points of an x and y isoquants in a Edgeworth Box is called (a) Indifference curve (b) Trade indifference curve (c) Offer curve (d) Contract curve

Description : A curve that goes through all the tangency points of an x and y isoquants in a Edgeworth Box is called (a) Indifference curve (b) Trade indifference curve (c) Offer curve (d) Contract curve

Last Answer : Offer curve

"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

Last Answer : (1) J. B. Say 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 ... you build it, they will come", and Inherent in supply is the wherewithal for its own consumption".

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."

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.

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 

“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

Last Answer : J. B. Say