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Identify the author of The Affluent Society?

A. Gunnar Myrdal

B. N.Kaldor

C. A.C.Pigou

D. J.K.Galbraith

Correct Answer : D.


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  1. Other things remaining the same, when a consumers income increases his equilibrium point moves to:
  2. Which of the following curves is a rectangular hyperbola?
  3. In the case of an inferior commodity, the income-elasticity of demand is:
  4. The critics of Sweezy model say that kink generates:
  5. In a competitive market, price is determined primarily by:
  6. The right of individuals to control productive resources is known as:
  7. In case of economic bads, an IC can be :
  8. Normal profits are considered as:
  9. The number of sellers in oligopoly is:
  10. Under perfect competition, at equilibrium, marginal cost is:
  11. The slope of indifference curve shows:
  12. Average cost curve contains in it:
  13. A normal profit is:
  14. Total costs are:
  15. The budget line is described by each of the following except:
  16. The difference between average total cost and average fixed cost shows:
  17. The short run cost curve is U shaped because of:
  18. In case of perfect competition, TR curve rises at a:
  19. If the price of a product falls which of the following would occur?
  20. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  21. Ceteris paribus clause in the law of demand means:
  22. Two policy variables, product and selling activities in the theory of firm was introduced by:
  23. In short run:
  24. Consumer surplus is the difference between
  25. Indifference curves reflect:
  26. A producer attains the least cost combination when the relation between Marginal Rate of Technical Substitution…
  27. In the long run:
  28. When AC curve falls, MC curve falls:
  29. The behavior of MC curve is determined by the behavior of the:
  30. The Purchasing Power Parity (PPP) Theory is presented by: