PPSC Economics Chapter 14 History Of Economics Thought With Answers

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PPSC Economics Chapter 14 History Of Economics Thought

Sr. # Questions Answers Choice
1 The multiplier is the reciprocal of A Marginal propensity to consume Both MPF and MPS Marginal propensity to save None of these
2 Who among the following was the leader of Monetarism Keynes Milton friedman A.W.Philip Mankiv
3 Keynes owes the concept of multiplier to Pigou Marshall R.F.Khan MARX
4 Which of the following is not among Restow's stage of growth. The traditional society the age of low mass consumption The take off The dried to maturity
5 Alfred Marshall formalized and then popularized the analytical technique known as General equilibrium analysis Felicific calculus Partial equilibrium analysis Differential equations
6 The economist who spend twenty years cautiously trying out his ideas on his students before finally presenting them to the world near the close of the 19th contrary was. William Stanley Javon's Henry George Leon walras Allied Marshall
7 Marginalize and the idea that pricing reflects marginal utility and demand was a movement way from the quantity theory of money The labor theory of value Mercantilism None of these
8 Who was the social theorist tha proposed socialism a should serve as an intermediate stage on the way to an ideal communist society. Karl Marx William Domhoff Erik wright Wright mills
9 Which of the following was a belief shared by utopian and scientific socialists. The labor of the middle class determines the value of a product Class struggle is the necessary means to achieve social change Private property should be abolished History is determined by economic laws
10 According to Karl Marx, revolution would inevitably come from the opposed workers, known as the Proletariat Paricians Bourageoise Panaces
11 The Marxist concept of surplus value would not include income received in the form of wages rent Interest corporate profit
12 the mar mist theory of dialectical materialism theoretically follows a sequence synthesis thesis antithesis Antihesis synthesis thesis thesis antithesis synthesis synthesis antithesis thesis
13 The theory that is equilibrium workers wages will barely be adequate for biological needs is knows as the. Labor theory of value Convergence hypothesis Subsistence theory of wages Indicative planning model
14 Social welfare is maximized when a hedonistic calculus regulates all human action according to the interventionist liberal John Stuart Mill Thorstein veblen Milton Frideman Jeremy Bentham
15 management of the economy via extensive regulation and laws specified by the national government is most consistent with syndication Mercantilism Classical liberalism None of these
16 Super Natural power, divinity, and gifts of nature are integral to the explanations of economic events developed by. Physiocrais German historicists Modern monetarists Mercantilists
17 The cliche that "the punishment should fit the crime" originated in the writing of. Plato Thomas Aquinas Jeremy Bentham David Hume
18 Nationalism, self sufficiency, and imperial power were central concerns of. French physiocrats Thomas Malthus Mercantilists Adam Smith
19 The concept of a jus pric that condemned market forces for yielding unjust results was developed in the writings of. Antoine Augustin coumot Febius Maximus Karl Marx Thomas Aquinas
20 Medieval scholastics, early Islamic thinkers, and Aristotie all agreed that. Payments of interest should be prohibited. Commerce was modeled on a circular flow Surpluses are enhanced throgh skilled management. All of the above
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