| 1 |
Economics theory means |
- A. economic policy
- B. economic principles
- C. descriptive economics
- D. economics facts
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| 2 |
Robbins in his definition |
- A. talks of scarcity of resources
- B. preached moral values
- C. supports Adam smith view
- D. none of the above
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| 3 |
Ceteris paribus means |
- A. other things equal
- B. all variable are independent
- C. all relationships are inverse
- D. that no other assumptions are made
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| 4 |
One of the following is not a part of macro economics. |
- A. Public finance
- B. International trade.
- C. Consumer behaviour.
- D. National income.
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| 5 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
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| 6 |
Economic principle are also called |
- A. economic law
- B. economic theory
- C. economic model
- D. all of the above
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| 7 |
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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| 8 |
In which year Alfred Marshall wrote a book entitled "Principle of economics" |
- A. 1850
- B. 190
- C. 1870
- D. 1890
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| 9 |
Market system means |
- A. Socialism
- B. Capitalism
- C. a place where goods are traded
- D. all of the above
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| 10 |
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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