Positive economics deals with
cause and effect relationship
fact and figures
1 and 2
none of these
Great depression happened in the year
1920's
1930's
1940's
1950's
Prof . Lionel Robbins was a strong supporter of
positive economics
normative economics
a and b
The Scientific way of analyzing economics is known as ____
normative
positive
inductive
deductive
The term economics derived from the Greek terms namely _________
oikou
nomos
oikou and nomos
Most of the economic laws are based on
precision
universally applicable principles
assumptions
Macro economics deals with
space studies
functioning of the economy
society study
individual study
Welfare definition was formulated by ________
Adam Smith
Amartya Sen
Keynes
Marshall
First economist provided a scientific examination on causes and consequence of depression
Lional Robbins
Amarya Sen
Ashok Chakraborty
J.M. Keynes
Economics is different from other social sciences because it is primarily concerned with study of ______
scarcity
abundance
society
social behavior