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

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 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.

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 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

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.

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 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.

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

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).

‘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 '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

” 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 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 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 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 

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 

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 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

----------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.

”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

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.

"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.

The theory of Comparative cost advantage is given by A. David Ricardo B. Adam Smith C. F W Taussig D. Ohlin and Hecksher

Description : The theory of Comparative cost advantage is given by A. David Ricardo B. Adam Smith C. F W Taussig D. Ohlin and Hecksher

Last Answer : A. David Ricardo

The Theory of Relative Factor Endowments is given by A. David Ricardo B. Adam Smith C. F W Taussig D. Ohlin and Hecksher

Description : The Theory of Relative Factor Endowments is given by A. David Ricardo B. Adam Smith C. F W Taussig D. Ohlin and Hecksher

Last Answer : D. Ohlin and Hecksher

The Theory of Absolute Cost Advantage is given by A. David Ricardo B. Adam Smith C. F W Taylor D. Ohlin and Heckscher

Description : The Theory of Absolute Cost Advantage is given by A. David Ricardo B. Adam Smith C. F W Taylor D. Ohlin and Heckscher

Last Answer : B. Adam Smith

Which economist is famous for his theory of comparative advantage? a) Karl Marx b) John Maynard Keynes c) F. Hayek d) David Ricardo

Description : Which economist is famous for his theory of comparative advantage? a) Karl Marx b) John Maynard Keynes c) F. Hayek d) David Ricardo

Last Answer : d) David Ricardo David Ricardo was a British political economist and his most famous theory was that of comparative advantage. Comparative advantage refers to the doctrine that anynation should use its resources solely in industries where it has the most international competitiveness

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 

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.

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

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."

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

Which statement reflects the best beliefs of Adam smith Tomas malthus and david ricardo?

Description : Which statement reflects the best beliefs of Adam smith Tomas malthus and david ricardo?

Last Answer : We don’t have your statements so can’t provide an answer.

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

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

Last Answer : (4) John Maynard Keynes Explanation: Classical economics is widely regarded as the first modern school of economic thought. Its major developers include Adam Smith, Jean-Baptiste Say, David ... affected the theory and practice of modern macroeconomics and formed the economic policies of governments.

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

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

Last Answer : John Maynard Keynes

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.

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

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

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

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 ;

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

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

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

Last Answer : (a) Paul M. Sweegy

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.