1. Who is known as the major proponent of free market; arguing against government intervention in a market economy?

Answer: Milton Friedman

Reply

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

Show Similar Question And Answers
QA->Who is known as the major proponent of free market; arguing against government intervention in a market economy?....
QA->Which was the major site of Kerala renaissance movements, where first major protests against untouchability and casteism in Hinduism was organized?....
QA->In the Ahmedabad Mill Strike, Mahathma Gandhi’s intervention resulted in the enhancement of wages of workers by?....
QA->A man takes 4 hours in all to go to a market at a speed of 5km/hour and back to his house at 3km/hour. The distance between his house and market is:....
QA->Friedrich von Hayek advocated his free-market capitalism through the book?....
MCQ->Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives. Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers. Selling a commodity at a price that is not more than that charged by competitors is...
MCQ->The programme implemented by the government in the year 1996-97 to strengthen the public distribution system in the Co-operative Sector through market intervention measures is called...
MCQ->Statement: The State Government has unilaterally increased by five percent octroi on all commodities entering into the state without seeking approval of the Central Government. Assumptions: The State Government may be able to implement its decision. The Central Government may agree to support the State Government's decision. The State Government may be able to earn considerable amount through the additional octroi.

...
MCQ->Pick out thể one word for - a secret arrangement...
MCQ->Zachary has invited his three buddies over to watch the basketball game on his wide-screen television. They are all hungry, but no one wants to leave to get food. Just as they are arguing about who should make the food run, a commercial comes on for a local pizze-ria that delivers. The phone number flashes on the screen briefly and they all try to remember it. By the time Zachary grabs a pen and paper, each of them recollects a different number. #1: All of the men agree that the first three numbers are 995. #2: Three of them agree that the fourth number is 9. #3: Three agree that the fifth number is 2. #4: Three agree that the sixth number is 6; three others agree that the seventh number is also 6. Which of the numbers is most likely the telephone number of the pizzeria?

...
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use | Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions
Question ANSWER With Solution