The setting up of mathematical models describing economic relationship testing the validity of such hypotheses is termed as:

Related MCQs

• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• The practice of searching for correlation in data with the purpose of generating theoretical hypotheses is called
• The reduction in the useful life of a capital good or consumer good through economic or technological change as distinct from physical deterioration in use is termed as:
• The theory that all human action is motivated by pleasure and the avoidance of pain or the ethic that it should be so motivated. Such theory is termed as
• The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called:
• A situation of large number of firms producing similar goods is termed as :
• Which one of the following categories of workers is termed as cultivators?
• A check of accounting records conducted by a professional accountant to find out any fraud or discrepancies is termed as:
• The statement of the wealth of a business organization or individual on a given date usually the last day of the fiscal year is termed as:
• The fixed interest security issued by governments, banks or other financial institutions is also termed