Class IX

Who is the father of economics?

• Professor robinn

• Adam smith

• Keynes

• Marshall

Microeconomics studies the economy as.....

• Whole

• Individual unit

• Total

• Full

Which economics studied the income and employment theory?

• Microeconomics

• Macroeconomics

• Income theory

• None of these

Economics is an enquiry into the nature and causes of the wealth of nations and the science of wealth economics name. This definition was given by.

• Debit ricardo

• Professor Robin

• Keynes

• Adam Smith

Economics is the science which studies human behaviour as a relationship between ends and scare means which have alternative uses. This definition is given by

• Adam Smith

• Lionel Robbins

• Marshall

• Karl marx

Activities which are performed out of love, sympathy, satisfaction are called

• Economic activity

• Microeconomics

• Macro economics

• Non Economic activity

National income and national output is an example of

• Microeconomics

• Macroeconomics

• Wealth

• Employment

Household income and a firm income is an example of

• Macroeconomics

• Microeconomics

• Wealth

• Employment

Which economist has given definition of scarcity?

• Lionel Robbins

• Adam Smith

• Keynes

• Milton friedman

An Economic concept where individuals must allocate limited resources to satisfy their needs with limited means

• Scarcity

• Growth

• Employment

• Income