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History of economic thought
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History of economic thought
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25 Questions

1. Vilfredo Pareto’s very deductive mathematical models and proofs made the market seem quite mechanistic, an approach most notably rejected by his slightly older contemporary:
2. Neoclassical economics views
3. Of the following, the thinkers who viewed markets most favorably and who would consequently have been least likely to condemn payments of interest as immoral or unjustified by productivity would have been:
4. Keynes believed that money was ------
5. The American economist who believed it possible to prove scientifically that the distribution of income in a competitive market system is both fair and in accord with marginal productivity was:
6. Unemployment according to Keynes was due to ------
7. The wage good model was developed by
8. The “Marginalist Revolution” that attacked economic analysis with calculus early in the nineteenth century is most consistent with the stress on formal mathematics and detailed statistics in the earlier writings of:
9. The forword to India’s 1st Five Year Plan was written by:
10. Which of the following is the nucleus of the Keynesian theory of employment?
11. The most important contribution of Mahalanobis is related to :
12. The mew classical economics is based on
13. The author of the “End of Laissez faire” was
14. Keynes was an advocate of -------
15. Who among the following was the leader of Monetarism
16. The formula adopted for distribution of Plan assistance during 4th and 5th Plan was:
17. The grand old man of India is the name attributed to
18. According to Karl Marx, the properties that distinguish commodities do not include:
19. The concept of a “just price” that condemned market forces for yielding unjust results was developed in the writings of:
20. The notion that communism should be imposed on a nation’s rulers so that they would neither be tempted by possessions nor diverted from the task of wise governance was proposed by:
21. Mahalanobis aimed at the economic development of India through
22. Marginal efficiency of capital is :
23. Malthus disagreed with the argument that supply creates its own demand so that demand will always adjust to supply. Malthus asserted that common occurrences in markets for goods would be:
24. The concept that there could never be a general glut of commodities throughout an economy dominated conventional macroeconomic thinking until the Great Depression of the 1930s. This concept is known as:
25. Who was the social theorist that proposed socialism should serve as an intermediate stage on the way to an ideal communist society

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