Which one of the following definition of Economics is associated with the name of Lionel Robbins?
A) Welfare definition
B) Scarcity definition
C) Growth definition
D) Wealth definition
Correct Answer:
Verified
Q13: Which of the following is Keynesian saving
Q14: Usually an IS curve is a -------line.
A)Vertical
B)Downward
Q15: When consumption and income are equal, saving
Q16: When of the following is correct:
A)1/MPS =
Q17: "Treatise on money' is a book written
Q18: Value of money:
A)Is inversely related to the
Q19: The major primary function of money in
Q20: 1- C/Y is defined as:
A)Average propensity to
Q21: Say's Law of market says:
A)Demand creates supply
B)Supply
Q22: The curve showing the possibilities of production
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