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Aptitude Test Topic: Economics

This section is comprised of MCQs on Economics.

Directions

The following are questions on Economics. Select the correct option to represent your answer.

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Economics: All Topics Practice MCQ

Question Statement:

Which of the following concepts are most closely associated with J. M. Keynes?

Control of money supply

Marginal utility theory

Indifference curve analysis

Marginal efficiency of capital

Explanation:

Correct Answer: D

Sol. The marginal efficiency off capital (MEC) is that rate of discount which would equate the price of a fixed capital asset with its present discounted value of expected income. The term “marginal efficiency of capital” was introduced by John Maynard Keynes in his General Theory.

Question: 9 Test: 4 of 5 Next Test

Tests

You are taking Aptitude Test No. 4

Each aptitude test is comprised of 10 except the last test which might have fewer than 10 in some topics.

You are at question (MCQ) number 9 and Test Number 4 of Economics: All topics. To deal with Economics questions, you must take lesson on the subject. In case of science and Art subjects revise your text books and in case of general aptitude topics take lessons from the topic page.

The question: Which of the following concepts are most closely associated with J. M. Keynes? .... with options: Control of money supply, Marginal utility theory , Indifference curve analysis , Marginal efficiency of capital can be solved with the concepts and understanding of Economics.