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:
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Q2: Which one of the following definition of
Q3: A hypothesis is tested by:
A)the realism of
Q4: In a free enterprise economy, the problems
Q5: Who considered Political Economy as "an enquiry
Q6: Which of the following definitions of Economics
Q8: The fundamental problem faced by an economy
Q9: Production possibilities curve does not show:
A)what to
Q10: State whether Economics is :
A)a positive science
Q11: Who of the following emphasized the normative
Q12: Of the following economists who is considered
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