--%>

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 : Increases in market demand and resource

    If increases in market demand cause resource prices to raise, that resulting in higher average as well as marginal costs, an industry is: (i) experiencing diseconomies of scale. (ii) unprofitable in the long run. (iii) probably a natu

  • Q : Price above marginal cost to minimizes

    When a monopolist which does not price discriminate maximizes profit and its economic profit is zero, this will charge a price: (w) equal to marginal cost and will be at the minimum average cost. (x) equal to marginal cost, but will p

  • Q : Problem regarding Wage Discrimination I

    I have a problem in economics on Problem regarding Wage Discrimination. Please help me in the following question. The economic term applied if equally productive workers are paid various wages is: (i) Wage discrimination. (ii) Racism. (iii) Employment

  • Q : Short-run market supply curve of a

    Short-run market supply curve of a competitive industry is derived by summing all the firms’: (1) average cost curves vertically. (2) short-run supply curves horizontally. (3) production capacities along with the resources available. (4) individ

  • Q : Functions of price mechanism What are

    What are the various functions of price mechanism in a free market economy?

  • Q : Incentive to work and earn income The

    The incentive to work and earn income is likely to be least powerful if an individual who faces. (w) low income tax rates. making the cost of leisure high, and who possesses important amounts of valuable human capital. (x) high effect

  • Q : General law of demand I have problem in

    I have problem in this question based on law of demand. Provide me correct answer of this. Described the circumstances in which the "general law of demand" not hold?

  • Q : Implication of price discrimination

    Price discrimination implies: (1) charging different prices for identical goods that have identical production costs. (2) paying wages based on race or sex quite than productivity. (3) exploiting the working masses by charging the highest single price

  • Q : Problem Set #2 Graduate Level Problem

    Graduate Level Problem Set. First question is in relation to the article the Population Problem: Theory and Evidence by Partha Dasgupta.

  • Q : Labor Contracts and Shop Agreements

    From the point of view of management, the favored union membership ranking (that is, most favored to least favored) would be: (i) Closed shop, union shop, agency shop and open shop. (ii) Open shop, agency shop, union shop and closed shop. (iii) Agency shop, open shop,