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CSS :: Great Economists and Their Work


41.  Who used the term consumption capital for consumers goods?
A. Karl Marx B. W.S.Jevons
C. Alfred Marshall D. M.E.L.Walras

42.  Whose words are these? "We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production."
A. Alfred Marshall B. W.S.Jevons
C. J.S.Mill D. David Ricardo

43.  Who introduced the concept of "Elasticity of Demand into Economic Theory"?
A. K.Wicksell B. Alfred Marshall
C. J.S.Mill D. A.C.Pigou

44.  Though the concept of consumers surplus can be traced back to the French engineer economist Dupuit, it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.
A. Alfred Marshall B. W.S.Jevons
C. F.W.Taussig D. J.S.Mill

45.  Who succeeded Alfred Marshall as Professor of Political Economy at Cambridge?
A. A.C.Pigou B. D.H. Robertson
C. J.M.Keynes D. F.H.Knight

46.  Which one among the following does not match?
A. Adam Smith - Classical School B. Karl Menger - Austrian School
C. A.C. Pigou - Cambridge School D. W.S. Jevons - Historical School

47.  Identify the Indian economist who was given an honorary knighthood by the British Government in 1990 for his wide-ranging contribution to education, development economics and finance:
A. I.G.Patel B. A.K.Sen
C. K.N.Raj D. V.K.R.V.Rao

48.  Identify the author of "Poverty Under British Rule in India":
A. R.C.Dutt B. Dadabhai Naoroji
C. Raja Rammohun Roy D. Surendranath Banerjea

49.  Capital and Development Planning is the work of:
A. S. Chakravarty B. W.A.Lewis
C. A.K.Dasgupta D. N.Kaldor

50.  Who is the author of "Choice of Technique"?
A. K.N.Raj B. Amartya Sen
C. W.B.Redaway D. J.R.Harris




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