Economics MCQ Quiz Hub

Economics Great Economists and Their Work Set-1

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1. Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay s Tableu Economique published?




2. Identify the author of The Principles of Political Economy and Taxation :




3. Who is generally regarded as the founder of the Classical School ?




4. Identify the economist who had little formal education and started working in the money market at an early age of fourteen.




5. The labour of Nature is paid not because she does much but because she does little. In proportion as she becomes niggardly in her gifts whe exacts a greater price for her work. Who made this observation?




6. Who first raised fears of a world food shortage?




7. When was Adam Smith s major work An Enquiry into the Nature and Causes of Wealth of Nations published?




8. The real price of every thing what every thing really costs to the man who wants to require it is the toil and trouble of acquiring it. Who made this statement?




9. Rent is a creation of value not of wealth. Who made this observation?




10. In which year was the first volume of Das Capital be Karl Marx published?




11. The Critique of Political Economy the first fruits of Karl Marx s long painstaking research at the British Museum appeared in:




12. The Communist Manifesto written jointly by Marx and Engel s was published in:




13. Who stated explicitly for the first tirr the law of comparative costs?




14. Identify the school founded by Wilhelm Roscher:




15. One of the following economists do not belong to the Austrian School. Identify him:




16. Which one of the following theories of trade cycle was propounded by W.S. Jevons?




17. What was the nationality of Frederic List?




18. The Purchasing Power Parity Theory came into prominence in 1916 through the writings of:




19. The input-output analysis owes its origin and development to:




20. Who wrote An Introduction to Positive Economics ?




21. Identify the author of Mathematical Analysis for Economists:




22. Which of the following is not correctly matched?




23. Who among the following well-known economists graduated from the London School of Economics?




24. The Strategy of Economic Development is the work of:




25. Who is the author of Problems of Capital Formation in Underdeveloped Countries ?




26. Identify the work of Irving Fisher




27. Who wrote There are no longer any believers in laissez-faire except on the lunatic fringe the truth is that we are all planners now ?




28. Who coined the phrase a temporary abode of purchasing power while explaining the concept of money?




29. Who developed the Keynesian Theory of Distribution ?




30. Identify the economist who propounded the Liquidity Preference Theory of Interest :




31. Which one among the following does not match?




32. Which of the following is not the work of J.B. Clark?




33. Identify the economist who propounded the Time Preference Theory of Interest :




34. Who developed the concept of Representative Firm ?




35. Identify the work of T.Schultz:




36. Which of the following does not match?




37. Which of the following Alfred Marshall s works was first published?




38. Who first used the term quasi-rent ?




39. How old was Alfred Marshall when he died?




40. Among the following Noble Prize winners for Economics one is an Austrian economist. Identify him:




41. Who used the term consumption capital for consumers goods?




42. Whose words are these? We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production.




43. Who introduced the concept of Elasticity of Demand into Economic Theory ?




44. Though the concept of consumers surplus can be traced back to the French engineer economist Dupuit it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.




45. Who succeeded Alfred Marshall as Professor of Political Economy at Cambridge?




46. Which one among the following does not match?




47. Identify the Indian economist who was given an honorary knighthood by the British Government in 1990 for his wide-ranging contribution to education development economics and finance:




48. Identify the author of Poverty Under British Rule in India :




49. Capital and Development Planning is the work of:




50. Who is the author of Choice of Technique ?