Economist name
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Questions and Answers

Economy is a science which deals with wealth

  • JB SAY (correct)
  • Alfred Marshall
  • James Duesenberry
  • Adam Smith

    • Economy is a science

  • JB SAY
  • Adam Smith
  • James Duesenberry
  • Lionel Robbins (correct)

    • Economy is what economic do

  • Adam Smith
  • Jacob Vernil (correct)
  • Cobb Douglas
  • Hicks and allen

    • Economy is neutral between end

    <p>Lionel Robbins</p> Signup and view all the answers

    Scarcity definition of economy

    <p>Lionel Robbins</p> Signup and view all the answers

    Economy as a science of choice making

    <p>Lionel Robbins</p> Signup and view all the answers

    Economy as a study of a dynamic growth and development

    <p>Lionel Robbins</p> Signup and view all the answers

    Oligopoly

    <p>Stiger</p> Signup and view all the answers

    Who is the father of modern or advance economy

    <p>Adam Smith</p> Signup and view all the answers

    Who is the father of managerial economy

    <p>Jeol dean</p> Signup and view all the answers

    Monopolistic competition theory

    <p>Chamberlin</p> Signup and view all the answers

    Who write the book wealth of nation

    <p>Adam Smith</p> Signup and view all the answers

    Who is the father of applied economy

    <p>Adam Smith</p> Signup and view all the answers

    Concept of socialist economy

    <p>Karl Marx and Frederick engel</p> Signup and view all the answers

    Distinction between selling cost and production cost

    <p>Chamberlin</p> Signup and view all the answers

    Demonstration effect

    <p>James Duesenberry</p> Signup and view all the answers

    Giffen goods

    <p>Sir Robbert giffen</p> Signup and view all the answers

    Concept of normative science

    <p>Alfred Marshal</p> Signup and view all the answers

    Veblen effect

    <p>Thorstein veblen</p> Signup and view all the answers

    Prestige goods effect

    <p>Thorstein veblen</p> Signup and view all the answers

    Welfare definition economy in a study of a mankind in the ordinary business of life

    <p>Alfred Marshal</p> Signup and view all the answers

    Law of diminishing marginal utility or marginal utility analysis

    <p>Alfred Marshall</p> Signup and view all the answers

    Doctrine of conspicuous consumption

    <p>Thorstein veblen</p> Signup and view all the answers

    Substitutions effect

    <p>Hicks and allen</p> Signup and view all the answers

    Study of the whole forest not a tree

    <p>M.c. Collen</p> Signup and view all the answers

    Cardinal approach

    <p>Alfred Marshall</p> Signup and view all the answers

    Ordinal approach

    <p>Hicks and allen</p> Signup and view all the answers

    IC analyse

    <p>Hicks and allen</p> Signup and view all the answers

    Consumer surplus and time element

    <p>Alfred Marshall</p> Signup and view all the answers

    Innovation is a true functions of enterprises

    <p>Schumpeter</p> Signup and view all the answers

    Sweezy Model

    <p>Pual' A Sweezy</p> Signup and view all the answers

    Fluctuation in economy activity are due to fluctuation inaugurated effective demand

    <p>Keynes</p> Signup and view all the answers

    The trade cycle is a pure monetary phenomenon

    <p>Hawtery</p> Signup and view all the answers

    Kinked demand curve

    <p>Pual' A Sweezy</p> Signup and view all the answers

    Who defined business economy

    <p>Jeol dean</p> Signup and view all the answers

    Growth of a business .

    <p>Samuelson</p> Signup and view all the answers

    Feedback

    <p>David easton</p> Signup and view all the answers

    Cowbwed theory

    <p>Nicholas kaldos</p> Signup and view all the answers

    Property of land

    <p>Ricardo</p> Signup and view all the answers

    Create and retain customer

    <p>Peter drucker</p> Signup and view all the answers

    Satisfying behaviour

    <p>Ha simon</p> Signup and view all the answers

    Maximize growth

    <p>RL Marris</p> Signup and view all the answers

    Functional goal production inventory sales and market

    <p>Cyert March</p> Signup and view all the answers

    Black box model

    <p>David easton</p> Signup and view all the answers

    Maximization of profit

    <p>Williams son</p> Signup and view all the answers

    Managerial utility

    <p>Williams son</p> Signup and view all the answers

    Revenue maximization

    <p>Baumol</p> Signup and view all the answers

    Delphi techniques

    <p>Olaf helmer</p> Signup and view all the answers

    Production Function by cobb

    <p>Cobb and Paul H Douglas</p> Signup and view all the answers

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