In Economics, distribution of income is among the

(a)

factors of production

(b)

Individual

(c)

firms

(d)

traders

The concept of 'Quasi-Rent' is associated with

(a)

Ricardo

(b)

Keynes

(c)

Walker

(d)

Marshall

The Classical Theory of Rent was propounded by

(a)

Ricardo

(b)

Keynes

(c)

Marshall

(d)

Walker

'Original and indestructible power of the soil' is the term used by

(a)

J.S.Mill

(b)

Walker

(c)

Clark

(d)

Ricardo

Residual Claimant Theory is propounded by

(a)

Keynes

(b)

Walker

(c)

Hawley

(d)

Knight

Marginal productivity theory of distribution was developed by

(a)

Clark

(b)

Wickseed

(c)

Walras

(d)

All of these

Marginal productivity theory of distribution is also known as ____________.

(a)

General theory of distribution

(b)

National Dividend theory of distribution

(c)

Both 'a' and 'b'

(d)

None of these

The theory of factor prices are popularly known as __________.

(a)

Theory of distribution

(b)

Theory of interest

(c)

Theory of profit

(d)

All the above

VMP= ____________.

(a)

MPP + Price

(b)

MPP x Price

(c)

MPP + Price

(d)

MPP - Price

MRP=______________.

(a)

MPP x MR

(b)

MPP+MR

(c)

MPP-MR

(d)

MPP + MR

Define 'Rent'.

Distinguish between real and money wages.

What do you mean by interest?

Draw a diagram of marginal productivity under perfect competition?

Write down the criticisms of marginal productivity theory of distribution?

Distinguish between Normal Profit and Super Normal Profit.

Distinguish between rent and quasi-rent.

Briefly explain the Subsistence Theory of Wages.

Describe briefly the Innovation Theory of Profit.

Draw the diagram for liquidity preference theory of interest.

Write a note on speculative motive.

What are the Kinds of profit?

Explain the four sources depend upon the supply of loanable funds.

Explain the Marginal Productivity theory of wage.