Question : Who said that " the power of population is infinitely greater than the power in the earth to produce subsistence" ?
Option 1: A. Lewis
Option 2: A. Marshall
Option 3: Simon - Kuznets
Option 4: Malthus
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Correct Answer: Malthus
Solution : The Correct Answer is Malthus
According to the Malthusian theory, the number of people continues to increase faster than the amount of food available until famines, war, or disease cause the population to decline. Over the previous three centuries, he thought, the human population had increased. An Essay on the Principle of Population, published in 1798, by influential British economist Thomas Robert Malthus lays out his theory on population growth.
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Question : Who defined "Rent" as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil?
Option 1: Ricardo
Option 2: Marshall
Option 3: Keynes
Option 4: Pigou
Question : Who defined 'Rent' as that portion or produce of the earth which is paid to the landlord for the use of original and indestructible power of the soil?
Option 1: David Ricardo
Option 2: Alfred Marshall
Option 3: John Maynard Keynes
Option 4: Arthur Cecil Pigou
Question : Who is called the "Father of Economics"?
Option 1: Max Muller
Option 2: Karl Marx
Option 3: Adam Smith
Option 4: Alfred Marshall
Question : Who said, "Man is a social animal"?
Option 1: Aristotle
Option 2: Jean-Jacques Rousseau
Option 3: Harold Joseph Laski
Option 4: Plato
Question : Who propounded the Innovation theory of profits ?
Option 1: J .A. Schumpeter
Option 2: P .A. Samuelson
Option 3: Alfred Marshall
Option 4: David Ricardo
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