Related InterviewSolutions

• Describe briefly the Innovation Theory of Profit.
• Write a note on Risk-bearing Theory of Profit?
• Innovation Theory of profit was given by (a) Hawley (b) Schumpeter (c) Keynes (d) Knight
• Quasi – rent arises in …………(a) Man-made appliances (b) Homemade items (c) Imported items(d) None of these
• Define ‘Rent’?
• The concept of ‘Quasi-Rent’ is associated with (a) Ricardo (b) Keynes (c) Walker (d) Marshall
• ‘Original and indestructible powers of the soil’ is the term used by (a) J.S.Mill (b) Walker (c) Clark (d) Ricardo
• The Classical Theory or Rent was propounded by ………(a) Ricardo (b) Keynes (c) Marshall(d) Walker
• The concept of meeting unexpected expenditure according to Keynes is …………(a) Transaction motive (b) Precautionary motive (c) Speculative motive (d) Personal motive
• Residual Claimant Theory is propounded by ………(a) Keynes(b) Walker (c) Hawley (d) Knight