Question 1

The two important determinants of investment according to Keynes are:

Accepted Answer

Keynes identified the interest rate and the marginal efficiency of capital as the two primary determinants of investment. The interest rate affects the cost of borrowing money for investment, while the marginal efficiency of capital reflects the expected profitability of investment projects.

Question 2

According to Keynes consumption is a function of :

Accepted Answer

According to Keynesian economics, consumption is primarily a function of income. As income increases, individuals are likely to consume more.

Question 3

The author of the "End of Laissez faire" was.

Accepted Answer

John Maynard Keynes is the author of "The End of Laissez-Faire," a work in which he critiques the laissez-faire economic policies prevalent in the early 20th century.

Question 4

The author of 'Arthashastra' is

Accepted Answer

Kautilya, also known as Chanakya, is traditionally identified as the author of the ancient Indian political treatise called the Arthashastra.

Quiz 2: Economic Thories and Thinkers

The two important determinants of investment according to Keynes are:

According to Keynes consumption is a function of :

The author of the "End of Laissez faire" was.

The author of 'Arthashastra' is