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Who is the author of the famous work Asian Drama: An Enquiry intro the Causes of Poverty of Nations?

A. Irving Fisher

B. J.B.Clark

C. J.M.Keynes

D. Gunnar Myrdal

Correct Answer : D.


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  1. If the supply and demand increases equally, the price will:
  2. If the commodity is normal then price effect is:
  3. The average fixed cost (AFC) curve is asymptote to:
  4. According to law of Equi-Marginal Utility when price of commodity falls then we bought:
  5. Substitution effect means a consumer
  6. The main contribution of Alfred Marshal is in the field of:
  7. Two policy variables, product and selling activities in the theory of firm was introduced by:
  8. Cardinal approach includes arranging:
  9. Who wrote Mathematical Analysis for Economists?
  10. For the given production function, technical efficiency is defined as:
  11. A market demand curve presumes that:
  12. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  13. The cost of firms in cournot model are:
  14. Selling costs are incurred under monopolistic competition to:
  15. Kinked Demand Curve is consistent with which one of the following market situations?
  16. MC = MR = AC = AR shows the long run equilibrium position of the:
  17. In arriving at stable equilibrium in cournot model, if one firm decreases output the other firm will:
  18. Quantity demanded or supplied is measured in:
  19. The game theory is concerned with:
  20. If a commodity sold under monopoly is got free of cost, then MC will be:
  21. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  22. In a competitive market, price is determined primarily by:
  23. Capital and Development Planning is the work of:
  24. Identify the factor, which generally keeps the price elasticity of demand for a commodity low:
  25. In the case of a normal goods, the income effect:
  26. Economic laws are:
  27. In Revealed Preference Theory, a consumer reveals preference for bundle of:
  28. Who finalized the model of monopolistic competition?
  29. 7.The costs which the firms have to face in order to change the price tags of their products and services…
  30. The supply curve would probably shift to the right if: