Micro economics is concerned with
The economy as a whole
The electronics industry
The study of individual economic behaviour
The interactions within the entire economy
" Wealth of Nation " is written by
Adam Smith
Alfred Marshall
Lionel Robbins
Samuelson
Scarcity problem arises because our resources are
Unlimited
Limited
Sufficient
Vast
Economic problem arises because of
Abundance of resources
Scarcity of resources
Alternative use of resources
Unlimited resources
Human wants or desires are
Resource and Allocated
Scarce
" Economics is the science of wealth" who gave this definition?
J.K. Mehta
Marshall
Robbins
Positive economics is based on
Cause and effect of facts
Ethics
Value judgements
All of the above
An Enquiry in to the Nature and causes of wealth of Nations" is the book of economist
Economics is a science of " scarcity and choice", this definition was presented by
Prof : Marshall
Prof : Robbin's
Prof : Samuelson
Inflation is
A decrease in the over all price level
An increase in the over all price level
An increase in the over all level of economic activity
A decrease in the over all level of economic activity
