The subject matter of economics dealing with large aggregates or economy as a whole is called_________.
The meaning of ‘Economics’ is most closely associated with the word_________.
Which of following is/are the limitations of Macro Economics________.
It considers aggregate as homogenous
Aggregate may not important necessarily
The Economics tells us the things ought to be it means it is a___________.
Rent, wage, interest and profit are related to the term_______.
The process of determination of rent, wages, interest and profit is called________.
In capitalism, all the factor of production are owned and controlled by_________.
The concept of Mixed economy was introduced by_________.
Father of Economics is__________.
‘Welfare’ Definition was given by________.
‘Scarcity’ Definition was given by_______.
‘Growth’ Definition is given by_______.
Micro-Economics is also called_________.
The term “ Micro” is derived from the_______word which means_______.
Which of these would be classified as capital in economics?
Capital in economics means_________.
Factor of production
Fund brought in by the entrepreneur
The terms Micro economic and Macro economics were coined by_______.
Prof. Ragner Frisch
Which of these are outside the domain of macro economics?
Balance of payment and trade
Scarcity of resources means__________.
Non – existence of resources
The subject matter of economics dealing with an individual or tiny aggregates of population is called_________.
The author of Modern economic Theory book was________.
Economics is a________science.
Economics is a science of________.
Economics as a positive science explains_______.
What ought to be
Economics as a normative science explains__________.
What ought to be
None of above
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