A theory is:
A) an assumption
B) a validated hypothesis
C) an 'if then' proposition
D) a hypothesis
Correct Answer:
Verified
Q3: The subject matter of economics is the
Q4: To whom do you attribute the 'growth'
Q5: The first economist who coined the terms
Q6: Microeconomics deals with:
A)the theory of factor pricing
B)the
Q7: Prof. Robbin's definition of Economics is:
A)scarcity definition
B)growth
Q9: The book 'Principles of Economics' was written
Q10: Average revenue is :
A)tr - tc
B)tr /
Q11: A hypothesis is a :
A)statement of facts
B)statement
Q12: In the classical system, the basic economic
Q13: Growth definition of economics was concerned with:
A)scarcity
B)welfare
C)wealth
D)economic
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