"Economics is the oldest of the arts and the newest of the sciences - indeed the queen of social Sciences". This was stated by
Paul. A. Samulson
J.M. Keynes
Jean Dreze
Suresh Tendulkar
The term economics derived from the Greek terms namely _________
oikou
nomos
oikou and nomos
none of these
Prof . Lionel Robbins was a strong supporter of
positive economics
normative economics
a and b
Positive economics deals with
cause and effect relationship
fact and figures
1 and 2
Economics uses the following methods for scientific analysis.
hypothesis test
laboratory analysis
excavations
Great depression happened in the year
1920's
1930's
1940's
1950's
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.
Economics is a _________
pure science
physical science
social science
natural science
Growth definition of economics was formulated by ____
Lional Robbins
Samuelson
Pigou
Adam Smith
Economics is similar to other social science subjects because it is concerned with the study of _________.
biological behavior
emotional behavior
human behavior
psychological behavior
