Multiple Choice
Which one of the following definition of Economics is associated with the name of Lionel Robbins?
A) welfare definition
B) scarcity definition
C) growth definition
D) wealth definition
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which aspect of taxation involves normative economics?<br>A)the
Q4: The fundamental problem faced by an economy
Q5: The word micro was first used in
Q6: Which of the following definitions of Economics
Q7: The meaning of the word 'economic' is
Q9: State whether Economics is :<br>A)a positive science
Q10: Which of the following embodies a more
Q11: Microeconomics deals primarily with:<br>A)comparative statics, general equilibrium
Q12: What is true for deductive method?<br>A)abstract<br>B)realistic<br>C)economic conditions
Q13: Which of the following is incorrect?<br>A)microeconomics is