Multiple Choice
If the value of a variable varies as a consequence of the variation in the value of some other variable, it is called:
A) exogenous variable
B) endogenours v ariable
C) stock
D) flow
Correct Answer:
Verified
Correct Answer:
Verified
Q5: Scientific attempts to describe economic relationships are
Q6: The method consistsin deriving conclusionsfrom general truths,
Q7: Who defined economics as: a science which
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
Q11: Adam Smith, the father of modern economic
Q12: Which of the following concepts are most
Q13: Macroeconomicsis primarily concerned with aggregates. Which of
Q14: Division of Labour is limited by the
Q15: The problem of scarcity and choice making