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. The concept of ‘Quasi-Rent’ is associated with a. Ricardo b. Keynes c. Walker d. Marshall None 2. Residual Claimant Theory is propounded by a. Keynes b. Walker c. Hawley d. Knight None 3. Money wages are also known as a. real wages b. nominal wages c. original wages d. transfer wages None 4. The reward given for the use of capital a. rent b. wage c. interest d. profit None 5. 'Original and indestructible powers of the soil’ is the term used by a. J.S.Mill b. Walker c. Clark d. Ricardo None 6. Rent is the reward for the use of a. capital b. labour c. land d. organization None 7. The reward for labour is a. rent b. wage c. profit d. interest None 8. 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 9. In Economics, distribution of income is among the a. factors of production b. individual c. firms d. traders None 10. The Classical Theory of Rent was propounded by a. Ricardo b. Keynes c. Marshall d. Walker None 11. Profit is the reward for a. land b. organization c. capital d. labour None 12. Innovation Theory of profit was given by a. Hawley b. Schumpeter c. Keynes d. Knight None 13. “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 14. Loanable Funds Theory of Interest is called as a. Classical Theory b. Modern Theory c. Traditional Theory d. Neo-Classical Theory None 15. Keynesian Theory of interest is popularly known as a. Abstinence Theory b. Liquidity Preference Theory c. Loanable Funds Theory d. Agio Theory None 16. The concept of meeting unexpected expenditure according to Keynes is a. Transaction motive b. Precautionary motive c. Speculative motive d. Personal motive None 17. 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 18. Abstinence Theory of Interest was propounded by a. Alfred Marshall b. N.W Senior c. Bohm-Bawerk d. Knut Wicksell None 19. Quasi-rent arises in a. Man-made appliances b. Homemade items c. Imported items d. None of these None 20. 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 Time's upRelated Posts:Chapter 2. Consumption AnalysisChapter 3: Production AnalysisChapter 4: Cost and Revenue AnalysisChapter 9: Correlation and Regression Analysis
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