Wealth definition was formulated by ______
Keynes
Samuleson
Amartya sen
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
Economics is different from other social sciences because it is primarily concerned with study of ______
scarcity
abundance
society
social behavior
Economics uses the following methods for scientific analysis.
hypothesis test
laboratory analysis
excavations
none of these
Great depression happened in the year
1920's
1930's
1940's
1950's
Scarcity definition of economics was propounded by _____
Lional Robbins
Marshall
Pigou
Positive economics deals with
cause and effect relationship
fact and figures
1 and 2
Micro economics deals with
space studies
community studies
economy study
individual economic behavior
Which method uses data collection for making generalizations?
sensitive method
deductive method
inductive method
all of these
Deductive method is otherwise known as
abstract method
a prior method
a and b
