Multiple Choice
Which of the following embodies a more widely accepted definition of economics?
A) Science of material welfare
B) Science of wealth
C) A study of mankind in the ordinary business of life
D) Science of making choice.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which of the following statements has been
Q9: A theory is:<br>A)An assumption<br>B)A validated hypothesis<br>C)An 'if
Q10: Who of the following emphasized the normative
Q11: The first economist who coined the terms
Q12: Which aspect of taxation involves normative economics?<br>A)The
Q14: Microeconomics deals with:<br>A)The theory of factor pricing<br>B)The
Q15: Find out the correct statement:<br>A)Prediction of economic
Q16: Microeconomics deals primarily with:<br>A)Comparative statics, general equilibrium
Q17: What is true for inductive method?<br>A)Hypothetical<br>B)Empirical<br>C)Ignores experimentation<br>D)Static
Q18: The word micro was first used in