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
Q3: The fundamental problem faced by an economy
Q4: The subject matter of economics is the
Q5: Of the following economists who is considered
Q6: Who considered Political Economy as "an enquiry
Q7: Micro economic theory studies how a free
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
Q13: Which of the following embodies a more