Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:

Related MCQs

• 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
• I classical demand for money, the relationship between money supply and price level is:
• Functional relationship between saving and disposable income is:
• Keynesian economics is also known as:
• Keynesian economics is:
• Starting point of Keynesian economics is:
• introduced the concept of welfare in the study of economics:
• An Economic model is a statement of relationship among economic ------
• Entrepreneurs will have no tendency to expand or contract output and employment when
• Psychological law of consumption states that the value of MPC is lies between zero and