Home

Who stated explicitly for the first time the Law of Camparative Costs?

A. David Ricardo

B. Adam Smith

C. James Mill

D. A.C.Pigou

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Pure monopoly exists:
  2. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  3. Of the following, which one corresponds to fixed cost?
  4. The modern cost curves are based upon the idea of:
  5. The concept of period refers to:
  6. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  7. Elasticity (E) expressed by the term, 1>E>0, is:
  8. An increase in the supply of a commodity is caused by:
  9. The game theory is concerned with:
  10. According to the principle of substitution?
  11. If the commodity is inferior then:
  12. Price is measured in:
  13. In monopoly and perfect competition, TC curves are:
  14. Income -elasticity of demand will be zero when a given change in income brings about:
  15. If the commodity is inferior then the increase in income of the consumer results in:
  16. Indifference curve approach (ordinal approach) is superior to utility approach (cardinal approach) because:
  17. Under monopoly and imperfect competition MC is:
  18. The long run average cost curve is:
  19. The basic subject matter of economics is:
  20. Formulation of an economic theory involves:
  21. The demand of the necessities is:
  22. The relationship between MC and MP shown by the marginal cost concept is:
  23. If in the long run all factor inputs are increased three times and the resulting output is four times…
  24. Average Revenue means:
  25. The partial equilibrium model keeps other things:
  26. When the consumer is in equilibrium not only his income is fully spent, but the ratio of marginal utility…
  27. A budget line shows:
  28. Each SAC represents a particular level of:
  29. In 1776, a famous book An enquiry into the nature and causes of the wealth of nation was written by:
  30. The firms in non-cooperative games: