In Economics, distribution of income is among the

(a)

factors of production

(b)

Individual

(c)

firms

(d)

traders

Theory of distribution is popularly known as,

(a)

Theory of product-pricing

(b)

Theory of factor-pricing

(c)

Theory of wages

(d)

Theory of interest

The reward for labour is

(a)

rent

(b)

wage

(c)

profit

(d)

interest

Money wages are also known as

(a)

real wages

(b)

nominal wages

(c)

original wages

(d)

transfer wages

Residual Claimant Theory is propounded by

(a)

Keynes

(b)

Walker

(c)

Hawley

(d)

Knight

What do you mean by interest?

What is profit?

State the meaning of liquidity preference.

State the Dynamic Theory of profit.

Describe briefly the Innovation Theory of Profit.

Write a note on Risk-bearing Theory of Profit.

Elucidate the Loanable Funds Theory of Interest.

Explain the Keynesian Theory of Interest.