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