Multiple Choice
Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:
A) j b say
B) alfred marshall
C) david ricardo
D) robbins
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Inductive method which also called empirical method
Q3: Knowledge used to combine resources productively is
Q4: Economic efficiency for the entire economy requires
Q5: Scientific attempts to describe economic relationships are
Q6: The method consistsin deriving conclusionsfrom general truths,
Q8: Theories are:<br>A)much more complicated than common sense<br>B)scientific
Q9: Milton Friedman restated the :<br>A)labour theory<br>B)profit theory<br>C)quantity
Q10: If the value of a variable varies
Q11: Adam Smith, the father of modern economic
Q12: Which of the following concepts are most