| 1 |
Net rent is also called. |
- A. Different rent
- B. Quasi rent
- C. Scarcity rent
- D. Economic rent
|
| 2 |
Money wages are also called |
- A. Nominal Wages
- B. Real wages
- C. Gross wages
- D. Net wages
|
| 3 |
In economic capital refers to |
- A. money
- B. high quality goods
- C. trade mark
- D. machinery and factories
|
| 4 |
Who introduced the concept of Quasi rent. |
- A. Hicks
- B. Alfred Marshall
- C. Hobson
- D. Robbins
|
| 5 |
Profits arise because an entrepreneur |
- A. prepares plan
- B. innovates
- C. lends money
- D. a and b of above
|
| 6 |
With decrease in price of bonds, rate of interest |
- A. decreases
- B. increases
- C. does not change
- D. none of the above
|
| 7 |
This is not a function of the entrepreneur |
- A. supervise
- B. innovate
- C. lend money
- D. prepare plan
|
| 8 |
One of the following is not an assumption of the Ricardian theory of rent. |
- A. Lands are cultivated in sequence
- B. All lands are homogeneous
- C. All units of labour are identical
- D. There are original and industuctible powers of soils
|
| 9 |
The concept of differential rent is given by. |
- A. Marshall
- B. David Ricardo
- C. Hobson
- D. Robbins
|
| 10 |
According to Keynes interest is a payment for |
- A. consumer's preference
- B. producer's preference
- C. liquidity preference
- D. state bank's preference
|
