Economics Quiz

Who is known as the the father of modern economics?

• Thomas Robert Malthus

• Francois Quesnay

• Adam Smith

• David Ricardo

The Physical Quality of Life Index was calculated for the first time by

• A Lewis

• P Samuelson

• Morris D Moris

• E E Hagen

If total expenditure on a commodity increases after a price increase the elasticity demand is

• Grater than one

• Equal to one

• Less than one

• Infinite

Rational expectation Theory is associated with

• Hicks

• Romer

• Lucas

• Non the above

In The Cobb-Douglas production function the elasticity of substitution between factor is

• Zero

• Equal to one

• Grater tan one

• Less than one