Great Economists and Their Work Test 01 Online Mcqs Preparation

1. "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, when exacts a greater price for her work." Who made this observation?

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

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

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

5. 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 ?

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

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

8. "Rent is a creation of value, not of wealth." Who made this observation ?

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

10. "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 ?