--%>

Biography-Thorstein Veblen

The thought that the desire of people to purchase goods is culturally recognized as opposed to the price determined is the vision of: (i) Irving Fisher. (ii) Karl Marx. (iii) Thorstein Veblen. (iv) Ludwig von Mises. (v) Antoine Augustin.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Monopoly competition and perfect

    Write down the differentiations between monopoly competition and perfect competition?

  • Q : Goal of profit sharing plans Give the

    Give the answer of following question. For the firm, the major goal of profit sharing plans is to: A) force workers to incur some of the business risk. B) overcome the monopsony problem of having to pay higher wages to attract additional workers. C) overcome the princ

  • Q : Problem regarding goals of Labor Union

    I have a problem in economics on goals of Labor Union. Please help me in the following question. Trade unions are reasonably supposed to try to maximize merely: (1) Wage rate. (2) Level of employment. (3) Total wage costs paid by the employers. (4) No

  • Q : Calls of negative income tax Negative

    Negative income tax proposals call for: (w) paying $1 in taxes on every dollar of transfer payments. (x) reducing welfare benefits by levying higher income taxes. (y) instituting consistent work incentives for welfare recipients. (z) establishing a ne

  • Q : Perfect mobility and perfect information

    The model of perfect competition assumes perfect mobility and perfect information. Transaction costs are not present; therefore all buyers and sellers base decisions on the best information obtainable to anyone else, as well as transportation (mobilit

  • Q : Effect of preference on demand Maureen

    Maureen generally drinks two glasses of Lost Horizons Cabernet Sauvignon each evening. Her demand for her preferred brand is least probable to be influenced by:  (i) The bad crop of grapes lowering the quality of Lost Horizons Cabernet. (ii) Getting a $4000 annua

  • Q : Moral Hazard-Unemployment compensation

    Jared does not care regarding his job as he is eligible for the unemployment compensation; therefore he frequently goofs off at work and exhibits up late. This is the trouble of: (i) Adverse selection. (ii) Efficiency salaries. (iii) Moral hazard. (iv) Symmetric infor

  • Q : Problem on financial Intermediation The

    The main reason for the existence of financial intermediaries is as: (1) Direct flows of savings from the individuals to firms would necessitate higher transaction costs. (2) That just wealthy individuals can afford to invest in the stocks and bonds. (3) The habits of

  • Q : Competitive industry widespread

    When a competitive industry experiences widespread economic profits into the short run, in that case in the long run: (w) new firms will enter and prices will fall. (x) entry barriers will be erected. (y) resource costs must fall. (z) dominant firms b

  • Q : Practicing joint profit maximization A

    A cartel is: (w) any large multinational corporation like OPEC. (x) a group of oligopolists practicing conscious parallelism of action. (y) a group of firms which practices joint profit maximization. (z) a multinational firm along with government subs