laboursonline – MCQs, Mock Tests | Economics Economics Great Economists and Their Work Set-2

Identify the author of Employment Aspects of Planning in Underdeveloped Countries:

1. R.Nurkse
2. G.Myrdal
3. K.N.Raj
4. W.A.Lewis

✅ Correct Answer: 3

Identify the author of The Trade Cycle:

1. J.M.Clark
2. R.C.Mathews
3. A.H.Hansen
4. Maurice Dobb

✅ Correct Answer: 2

The theory of Monopolistic Competition was developed in the 1930s. Almost simultaneously and independently by two well-known economists. One was E.H.Chamberlin who was the other?

1. Joan Robinson
2. Alfred Marshall
3. J.K.Galbraith
4. A/C. Pigou

✅ Correct Answer: 1

Which of the following is not the work of J.A.Schumpeter?

1. Theory of Economic Development
2. Readings in Economics
3. History of Economic Analysis
4. Business Cycles

✅ Correct Answer: 2

Who is the author Capitalism Yesterday and Today?

1. Karl Marx
2. M.Dobb
3. J.A.Schumpeter
4. J.K.Galbraith

✅ Correct Answer: 2

Identify the nationality of the 1977 Economics Noble Prize winner Bertil Ohlion:

1. Swedish
2. Norwegian
3. German
4. American

✅ Correct Answer: 1

Which one of the following has been the most influential work of FHKnight?

1. Freedom and Reform
2. The Economics Organisation
3. The Economic Order and Religion
4. Risk Unertainty and Profit

✅ Correct Answer: 4

Who first formulated the Revealed Preference Approach to free the theory of consumer behaviour from the constraint of traditional concept of utility?

1. Paul A.Samuelson
2. John Robinson
3. J.R.Hicks
4. R.G.D.Alien

✅ Correct Answer: 1

Which of the following is the work of E.H Chamberlin?

1. Theory of Monopolistic Competition
2. Towards a more General Theory of value
3. The Economic Analysis of Labour Union Power
4. All of these

✅ Correct Answer: 2

Identify the author of The Social Framework:

1. R.G.D.Alien
2. J.R.Hicks
3. R.F.Harrod
4. A.C.Pigou

✅ Correct Answer: 2

Who in particular advocated the longterm capital gains tax?

1. J.M.Keynes
2. J.K.Galbraith
3. N.Kaldor
4. F.H.Knight

✅ Correct Answer: 3

Which of the following is the work of Paul Baran?

1. The Political Economy of Growth
2. Essays on Economic Planning
3. Economic Development
4. Soviet Economic Development since 1917

✅ Correct Answer: 1

With which of the following is the name of Jacob Viner associated?

1. Single factoral terms of trade
2. Utility terms of trade
3. Net barter terms of trade
4. Income terms of trade

✅ Correct Answer: 1

Who first formulated the Marginal Productivity theory of Distribution?

1. J.B.Clark
2. F.H.Knight
3. J.A.Schumpeter
4. L.Euler

✅ Correct Answer: 1

Which one of the following is the work of A.C.Pigou?

1. Economics of Welfare
2. Industry and Trade
3. Input-output Economics
4. Full Employment in a Free Society

✅ Correct Answer: 1

Who is the author of the famous work Asian Drama: An Enquiry into the Causes of Poverty of Nations?

1. Paul Streeten
2. Irving Fisher
3. Gunnar Myrdal
4. Kingsley Davis

✅ Correct Answer: 3

Who among the following served as Professor of Economics at Harvard?

1. E.H.Chamberlin
2. N.Kaldor
3. J.M.Keynes
4. A.C.Pigou

✅ Correct Answer: 1

The Cambridge School refers to the group of English economists who came under the influence of:

1. Alfred Marshall
2. J.M.Keynes
3. E.H.Chamberlin
4. D.H.Robertson

✅ Correct Answer: 1

The Modern or Neo-Keynesian Theory of Interest owes it development largely to the efforts of:

1. J.R.Hicks
2. Gunnar Myrdal
3. B.Ohlin
4. D.H.Robertson

✅ Correct Answer: 1

Who wrote Economics of Imperfect Competition?

1. E.H.Chamberlin
2. John Robinson
3. E.A.G.Robinson
4. J.R.Hicks

✅ Correct Answer: 2

Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality?

1. Norwegian
2. Dutch
3. Swedish
4. American

✅ Correct Answer: 3

Who stated explicitly for the first time the Law of Comparative Costs in the context of the theory of international trade?

1. David Ricardo
2. Alfred Marshall
3. F.W.Taussig
4. A.C.Pigou

✅ Correct Answer: 1

With which of the following concepts is the name of J.M. Keynes particularly associated?

1. Marginal propensity to save
2. Marginal propensity to consume
3. Liquidity preference
4. All of the above

✅ Correct Answer: 4

Identify the author of The Affluent Society:

1. J.K.Galbraith
2. Gunnar Myrdal
3. John Strachey
4. N.Kaldor

✅ Correct Answer: 1

Who wrote A Contribution to the Theory of Trade Cycle?

1. N.Kaldor
2. J.R.Hicks
3. J.S.Duesenberry
4. A.H.Hansen

✅ Correct Answer: 2

Who among the following Noble Prize winners is an American economist?

1. Richard Stone
2. Ragnar Frisch
3. Lawerence Klein
4. James

✅ Correct Answer: 3

The General theory of Employment Interest and Money is the major work of:

1. N.Kaldor
2. Alfred Marshall
3. F.A.Hayek
4. J.M.Keynes

✅ Correct Answer: 4

At which university was W.W.Leontief appointed Professor of Economics in 1946?

1. London School of Economics
2. University of Chicago
3. Harvard University
4. University of Kiel

✅ Correct Answer: 4

Who among the following economists is not a Noble Prize winner?

1. Paul A.Samuelson
2. Simon Kuznets
3. Robert M.Solow
4. Joan Robinson

✅ Correct Answer: 4

Which of the following is not the work of Paul A.Samuelson?

1. Foundation of Economic Analysis
2. History of Economic Analysis
3. Readings in Economics
4. Linear Programming and Economic Analysis

✅ Correct Answer: 2

In which year was Paul A. Samuelson awarded the Nobel Prize for Economics?

1. 1970
2. 1968
3. 1966
4. 1964

✅ Correct Answer: 1

Identify the economist who first developed the Theory of Income Determination in its modern form:

1. Paul A.Samuelson
2. J.M.Keynes
3. Joan Robinson
4. J.K.Galbraith

✅ Correct Answer: 2

How many economists were awarded the Nobel Prize for Economics in 1990?

1. One
2. Two
3. Three
4. Four

✅ Correct Answer: 3