Normative economics is based on
Cause and effect of facts
Ethics
Value judgments
Both A and C
Micro economics deals with
Theory of cost
Theory of production
Factor pricing
All the above
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Marshall
Adam Smith
Robbins
Samuelson
" Economics is the science of wealth" who gave this definition?
J.K. Mehta
Economic problem arises because of
Abundance of resources
Scarcity of resources
Alternative use of resources
Unlimited resources
Scarcity problem arises because our resources are
Unlimited
Limited
Sufficient
Vast
Economics is the study of
Production technology
Consumption decision
How society decides what, how and far whom to produce
The best way to run society
Human wants or desires are
Resource and Allocated
Scarce
Growth definition by Samuelson has
An element of time in its
Touches about economic growth and welfare concepts
Talks about the problem of scarcity of resources
