1231. Who coined the phrase ” demonstration effect” ?

A. Restow *
B. G.Mydral
C. James Duessenberry
D. R. Nurkse

1232. The capital-output ratio is determined by :

A. Sectorala allocation of capital
B. level of economic activity
C. Human and Natural resources
D. All of these *

1233. An ISO- product curve slopes :

A. Downward to the left
B. Downward to the right
C. Upward to the left
D. Upward to the right *

1234. Who is the author of ” Capitalism yesterday and today “?

A. Karl Marx
B. M. Dobb *
C. J.A schum peter
D. J.K Galbrauth

1235. Who first formulated the marginal productivity theory of distribution ?

A. J.B Clark *
B. F.H. Knight
C. J.a Sehum peter
D. L Euler

1236. The cambridge school refers to the group of english economists who came under the influence of :

A. Alferd Marshal *
B. J.M. Keynes
C. E.H Chamberlin
D. D.H Robertson

1237. In which year was Paul A samuelson awarded the Nobel prize of Economics ?

A. 1970 *
B. 1968
C. 1966
D. 1964

1238. Which is the oldest organization among the four ?

A. ILO 1919 *
B. FAO 1945
C. WHO 1948
D. IMF 1945 Dec 27

1239. When was the organization of petroleum exporting countries (OPEC) formed to control the production and pricing of crude oil ?

A. 1956
B. 1958
C. 1960 *
D. 1962

1240. A mixed economy is characterized by co existence of :

A. Modern and traditional industries
B. Public and private sector *
C. Foreign and domestic investment
D. Commercial and subsistence faming