History Extra Credit

Which of the following is NOT the major tenets of Marginalist School?

The marginalist developed powerful tools of analysis, which are

Who developed the derived demand for resources?

The curve illustrates that marginal utility falls as consumption increases and an inverse relationship exists between product price and quantity demanded. The curve is known as

"Pearls have value because get utility from them and that people dive for pearls because pearls have such value." Who stated the above?

Which British economist, considered by many as the most important economist of the 20th century, wrote "The General Theory of Employment, Interest and Money"?

This economist, known as the founder of the "neoclassical" school of economics, wrote the "Principles of Economics" (1890), which became the standard text in universities in the UK.

Which school of thought rejects Keynesian ?

According to Milton Friedman, which of these are the major determinants of the demand for money?

Gary Becker believes that neoclassical theory can be used to explain all human behavior. His approach to human behavior is based on market equilibrium, stable preferences and