Who considered Political Economy as “an enquiry into the nature and causes of the wealth of nations”?

Related MCQs

• The Wealth of Nations is the work of:
• Which of the following statements best describes the general form of a production function: (i) It is a purely technological relationship between quantities of input and quantities of output. (ii) It represents the technology of an organisation, sector of an economy. (iii) Prices of inputs or of the output do not enter into the production function. (iv) It is a flow concept describing the transformation of inputs into output per unitof time.
• In a free enterprise economy, the problems of what, how and for whom to produce are solved by :
• A fall in income of the consumer, other things being equal, causes:
• Which of the following causes an increase in supply:
• An increase in market supply, demand remaining the same causes:
• The fundamental problem faced by an economy is one of :
• Micro economic theory studies how a free enterprise economy determines:
• Market economy is also known as:
• ______is primarily done by observing or testing on real-life data or analysing the pattern of some specific events in order to identify the nature or the class of trend that specific phenomenon maintains.