( Best 200+ ) Basics of Economics MCQ

by Mr. DJ

Basics of Economics MCQ

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Basics of Economics MCQ

Basics of Economics MCQ

131. Temporary unemployment is ————-, according to the Classical

A. impossible

B. permanent

C. possible

D. none of these

132. J.B. Say was a —————Economist.

A. swedish

B. german

C. french

D. american

133. Pick the odd one out:

A. j.b. say

B. david ricardo

C. adam smith

D. j.m. keynes

134. Author of the book ‘The General Theory of Employment, Interest and

A. karl marxq

B. j.b. say

C. j.m. keynes

D. adam smith

135. ‘The General Theory’, was published in :

A. 1776

B. 1890

C. 1936

D. 1950

136. The branch of Economics that deals with economic aggregate is called:

A. micro economics

B. development economics

C. macro economics

D. welfare economics

137. The central theme of Keynesian Theory is:

A. laissez-faire

B. free trade

C. effective demand

D. self interest

138. Who repudiated Say’s law of market?

A. j.b. say

B. david ricardo

C. j.s. mill

D. j.m. keynes

139. Effective demand is that demand when:

A. aggregate demand is greater than aggregate supply

B. aggregate demand is less than aggregate supply

C. aggregate demand is equal to aggregate supply

D. all of these

140. The concept of effective demand is associated with the name of:

A. marshall

B. keynes

C. krugman

D. adam smith

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