Chapter 6: Distribution AnalysisMarch 9, 2024 Maven Leave a Comment Welcome to the Chapter 6: Distribution Analysis Quiz! This quiz is based on the book back questions. Name Email 1. Innovation Theory of profit was given by a. Hawley b. Schumpeter c. Keynes d. Knight None 2. Quasi-rent arises in a. Man-made appliances b. Homemade items c. Imported items d. None of these None 3. Profit is the reward for a. land b. organization c. capital d. labour None 4. Loanable Funds Theory of Interest is called as a. Classical Theory b. Modern Theory c. Traditional Theory d. Neo-Classical Theory None 5. “Wages as a sum of money are paid under contract by an employer to a worker for services rendered” –Who said this? a. Benham b. Marshall c. Walker d. J.S.Mill None 6. The concept of meeting unexpected expenditure according to Keynes is a. Transaction motive b. Precautionary motive c. Speculative motive d. Personal motive None 7. According to the Loanable Funds Theory, supply of loanable funds is equal to a. S + BC + DH + DI b. I + DS + DH + BM c. S + DS + BM + DI d. S + BM + DH + DS None 8. Abstinence Theory of Interest was propounded by a. Alfred Marshall b. N.W Senior c. Bohm-Bawerk d. Knut Wicksell None 9. Keynesian Theory of interest is popularly known as a. Abstinence Theory b. Liquidity Preference Theory c. Loanable Funds Theory d. Agio Theory None 10. The distribution of income or wealth of a country among the individuals are a. functional distribution b. personal distribution c. goods distribution d. services distribution None 11. The Classical Theory of Rent was propounded by a. Ricardo b. Keynes c. Marshall d. Walker None 12. Rent is the reward for the use of a. capital b. labour c. land d. organization None 13. The concept of ‘Quasi-Rent’ is associated with a. Ricardo b. Keynes c. Walker d. Marshall None 14. 'Original and indestructible powers of the soil’ is the term used by a. J.S.Mill b. Walker c. Clark d. Ricardo None 15. Money wages are also known as a. real wages b. nominal wages c. original wages d. transfer wages None 16. Residual Claimant Theory is propounded by a. Keynes b. Walker c. Hawley d. Knight None 17. Theory of distribution is popularly known as, a. Theory of product-pricing b. Theory of factor-pricing c. Theory of wages d. Theory of Interest None 18. In Economics, distribution of income is among the a. factors of production b. individual c. firms d. traders None 19. The reward for labour is a. rent b. wage c. profit d. interest None 20. The reward given for the use of capital a. rent b. wage c. interest d. profit None Time's upRelated Posts:Chapter 2. Consumption AnalysisChapter 3: Production AnalysisChapter 4: Cost and Revenue AnalysisChapter 9: Correlation and Regression Analysis
Leave a Reply