ECONOMIA

Who is known as the father of Economics?

• David Ricardo

• Alfred Marshall

• Adam smith

• Alfred Marsghal

The want satisfying power of commodity

• Utility

• demand

• cost

• power

PPC Stands for?

• Production Profitability curve

• Production possibility curve

• None of these

• Production Programme curve

Comparative advantage theory is developed by?

• Adam smith

• Posner

• Skinner

• David Ricardo

What is the study of how individuals, businesses, and governments make choices about allocating resources?

• Economics

• Psychology

• Sociology

• Anthropology

Which economic concept refers to the additional benefit gained from consuming one more unit of a good or service?

• Opportunity cost

• Marginal cost

• Marginal utility

• Diminishing returns

Who proposed the theory of 'Invisible Hand' in economics?

• John Maynard Keynes

• Adam Smith

• Karl Marx

• John Stuart Mill

What does GDP stand for?

• Gross Domestic Product

• Global Development Plan

• General Distribution Process

• Government Debt Payment

Which economic concept refers to the total value of all goods and services produced within a country's borders in a specific time period?

• Gross National Product

• Consumer Price Index

• Balance of Trade

• Foreign Direct Investment

Who is the author of the book 'The Wealth of Nations'?

• John Maynard Keynes

• Adam Smith

• Karl Marx

• John Stuart Mill