Tourism Business Economics 601-18

Who is the father of Modern economics

• Adam Smith

• Philip kotler

• Ricky Pointing

• Robbins

This relates directly to the study of economic efficiency and income distribution, as well as how these two factors affect the overall well-being of people in the economy. It is

• wealth economics

• Welfare economics

• Scarcity economics

• Growth economics

Use of economics tools and theory in management is called as

• Demand and Supply

• Managerial economics

• Business Economics

• none of the above

___________ is the study of the economy as a whole where the systems of production, consumption, savings, and investment interact and what this interaction may mean for the economy as a whole.

• Macro economics

• Micro economics

• diverse economics

• none of the above

Emotions, memory are the types of ______ factor of consumer buying behavior

• External

• Internal

• others

• none of the above