Rent is a creation of value not of wealth. Who made this observation?

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Rent is a creation of value  not of wealth.  Who made this observation?

1.Adam Smith

2.David

3.Alfred Marshall

4.A.C.Pigou

Posted Date:-2021-08-24 04:30:24

More MCQS Questions and answers

  1. Identify the author of Poverty Under British Rule in India :
  2. Identify the Indian economist who was given an honorary knighthood by the British Government in 1990 for his wide-ranging contribution to education development economics and finance:
  3. Which of the following Alfred Marshall s works was first published?
  4. Identify the author of The Principles of Political Economy and Taxation :
  5. Identify the economist who had little formal education and started working in the money market at an early age of fourteen.
  6. Identify the work of Irving Fisher
  7. Identify the work of T.Schultz:
  8. The Communist Manifesto written jointly by Marx and Engel s was published in:
  9. The labour of Nature is paid not because she does much but because she does little. In proportion as she becomes niggardly in her gifts whe exacts a greater price for her work. Who made this observation?
  10. The real price of every thing what every thing really costs to the man who wants to require it is the toil and trouble of acquiring it. Who made this statement?
  11. The Strategy of Economic Development is the work of:
  12. Which of the following does not match?
  13. Which one among the following does not match?
  14. Who coined the phrase a temporary abode of purchasing power while explaining the concept of money?
  15. Who developed the Keynesian Theory of Distribution ?
  16. Who first raised fears of a world food shortage?
  17. Who first used the term quasi-rent ?
  18. Who stated explicitly for the first tirr the law of comparative costs?
  19. Who succeeded Alfred Marshall as Professor of Political Economy at Cambridge?
  20. Among the following Noble Prize winners for Economics one is an Austrian economist. Identify him:
  21. Capital and Development Planning is the work of:
  22. Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay s Tableu Economique published?
  23. How old was Alfred Marshall when he died?
  24. Identify the author of Mathematical Analysis for Economists:
  25. Identify the economist who propounded the Liquidity Preference Theory of Interest :
  26. Identify the economist who propounded the Time Preference Theory of Interest :
  27. Identify the school founded by Wilhelm Roscher:
  28. In which year was the first volume of Das Capital be Karl Marx published?
  29. One of the following economists do not belong to the Austrian School. Identify him:
  30. Rent is a creation of value not of wealth. Who made this observation?
  31. The Critique of Political Economy the first fruits of Karl Marx s long painstaking research at the British Museum appeared in:
  32. The input-output analysis owes its origin and development to:
  33. The Purchasing Power Parity Theory came into prominence in 1916 through the writings of:
  34. Though the concept of consumers surplus can be traced back to the French engineer economist Dupuit it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.
  35. What was the nationality of Frederic List?
  36. When was Adam Smith s major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  37. Which of the following is not correctly matched?
  38. Which of the following is not the work of J.B. Clark?
  39. Which one among the following does not match?
  40. Which one of the following theories of trade cycle was propounded by W.S. Jevons?
  41. Who among the following well-known economists graduated from the London School of Economics?
  42. Who developed the concept of Representative Firm ?
  43. Who introduced the concept of Elasticity of Demand into Economic Theory ?
  44. Who is generally regarded as the founder of the Classical School ?
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  47. Who used the term consumption capital for consumers goods?
  48. Who wrote An Introduction to Positive Economics ?
  49. Who wrote There are no longer any believers in laissez-faire except on the lunatic fringe the truth is that we are all planners now ?
  50. Whose words are these? We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production.
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