Multiple Choice
Which of the following statements has been drawn by inductive method?
A) a consumer will buy from the cheapest market
B) all businessmen wish to buy at low price and sell at high price
C) a private firm will try to maximize its profits
D) the larger the stock of money with a person, the lower is the utility that he
Correct Answer:
Verified
Correct Answer:
Verified
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
Q15: Which of the following statements is most
Q16: A hypothesis is tested by:<br>A)the realism of
Q17: The curve showing the possibilities of production
Q18: Production possibilities curve does not show:<br>A)what to
Q19: Who of the following emphasized the normative