Which is the most scientific way of studying an economic issue?
sensitive method
inductive method
deductive method
all of these
Positive economics deals with all except
facts
data
figures
stories
Father of modern eocnomics.
Amartya Sen
J.M. Keynes
Samuelson
Lional Robbins
State whether economics is
positive science only
normative
a science but not art
can be a science or an art depending on for what purpose it is used.
Which method uses data collection for making generalizations?
Economics is similar to other social science subjects because it is concerned with the study of _________.
biological behavior
emotional behavior
human behavior
psychological behavior
Inductive method follows
particular to general
particular to the whole
general to particular
whole to the particular
Among the following definitions, the most accepted definition of economics
wealth definition
growth definition
scarcity definition
b& c
"Economics is what economist does" . This definition of economics was developed by
Jacob Viner
Alfred Marshall
none of these
In deductive method, logic process from
