Adam Smith, the father of modern economic theory, defined economics as a subject, which is mainly concerned with the study of nature and causes of generation of

Related MCQs

• Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:
• introduced the concept of welfare in the study of economics:
• An Economic model is a statement of relationship among economic ------
• Keynesian economics is also known as:
• Keynesian economics is:
• Starting point of Keynesian economics is:
• Macroeconomicsis primarily concerned with aggregates. Which of the following is not a macroeconomic aggregate?
• Which of the following is an example of economic overhead?
• Scientific attempts to describe economic relationships are :
• Economic efficiency for the entire economy requires that :