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Who wrote A Contribution to the Theory of Trade Cycle?

A. N.Kaldor

B. J.R.Hicks

C. A.C.Pigou

D. J.M.Keynes

Correct Answer : B.


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  1. In Revealed Preference Theory, Samuelson proves P.E = S.E + I.E :
  2. The short-run periods in monopolistic competition are:
  3. Who finalized the model of imperfect competition?
  4. Increasing return to scales can be explained in terms of:
  5. Total variable costs in equation form are:
  6. If, at the prevailing price, more of a good is desired than is available for sale:
  7. To calculate the elasticity of demand, which of the following formula is used?:
  8. If two goods are complements then indifference curve (IC) will be:
  9. The good will highest income elasticity is:
  10. The relationship between price effect, income effect and substitution effect is:
  11. The cournot model is a model of:
  12. The addition or increment to the total cost involvesd in expanding or contracting output by one unit…
  13. The central problem of economics is:
  14. According to Marshallian approach, utility:
  15. If a good is an inferior good then an increase in incomes of the consumers will:
  16. When marginal costs curve cuts average costs curve, average costs are:
  17. The ordinary demand curve is also called:
  18. A shift in the demand for a product is likely to result from a change in:
  19. Diseconomies of management lead to:
  20. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  21. In real life, brand loyalty is a barrier to:
  22. If a straight line supply curve makes an intercept on the X-axis, the elasticity of supply is:
  23. The long-run average cost is based on the fact that:
  24. In which case the elasticity shown by the different points of a curve is the same?
  25. In the case of a normal goods, the income effect:
  26. When was Adam Smiths major work An Enquiry into the Nature and Causes of Wealth of Nations published?
  27. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  28. If a consumer buys a product that costs Rs.3 and provides an additional 18 units of satisfaction, then…
  29. Marginal cost is always:
  30. Entry of new firms into a competitive market will shift the supply curve of the: