| 1 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
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| 2 |
The products which are not priced in the market are called . |
- A. Economic goods
- B. Non-economic goods
- C. Merit goods
- D. Social goods
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| 3 |
Three basic economics problems are |
- A. what, how and for whom
- B. why, where and when
- C. what, which and how much
- D. what, which and why
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| 4 |
Economics laws |
- A. must be followed
- B. are hated by people
- C. show economic behavior of people
- D. are unscientific
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| 5 |
Marshall is his definition of economics |
- A. uses the concept of material welfare
- B. dislikes wealth
- C. accuses Adam smith
- D. Praises Robbins
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| 6 |
Adam smith was a |
- A. President of France
- B. a modern economist
- C. good sports man
- D. classical economist
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| 7 |
Which laws are implemented with an executive authority . |
- A. Economic laws
- B. Moral laws
- C. State laws
- D. Physical laws
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| 8 |
Macro economics deals with |
- A. how to buy groceries
- B. aggregate economics activity
- C. establishment of a new firm
- D. industrial activity
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| 9 |
Scarcity exists |
- A. in only poor countries
- B. in a country that uses resources inefficiently
- C. in all countries of the world
- D. when society produces unimportant goods
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| 10 |
He described economics as a science of material welfare |
- A. Robbins
- B. Marshall
- C. Ricardo
- D. Keyness
|