Question # 1

Which one is the non-economic activity.

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Service of a doctor

Morning walk

Service of teacher

Service of an advocate

Which one is not doing an economic activity.

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One who is offering prayers.

One who works for wage.

One who rents out his property .

One who is an employee of Government

He described economics as a science of material welfare

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Robbins

Marshall

Ricardo

Keyness

Market system means

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Socialism

Capitalism

a place where goods are traded

all of the above

According to Alfred Marshall, Economics should be taken as:

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Positive economics

Normative economics

Welfare economics

Applied economics

Economics problems arise because of

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greed

scarcity

dishonesty

laziness

Economics laws

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must be followed

are hated by people

show economic behavior of people

are unscientific

Wealth of Nations was written by

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Adam Smith

Malthus

Marshall

Newton

Economics theory means

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economic policy

economic principles

descriptive economics

economics facts

Who criticized economics as "dismal Science".

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Alfred Marshall

Lionel Robbins

Carlyle and Ruskin

J.M. Keynes.

One of the following is not a characteristics of economic laws.

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Economic laws lack exactitude

Economic laws lack predictability

They are not universa!

They are not optional

Scarcity means

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non availability of goods

high price of goods

less supply than demand

high profit of the firms

Scarcity exists

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in only poor countries

in a country that uses resources inefficiently

in all countries of the world

when society produces unimportant goods

Scope of economics is defined as:

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Individual and aggregate economic behaviour of the people.

Subject matter of economics.

Welfare Economics.

All of the abpove

Adam smith was a

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President of France

a modern economist

good sports man

classical economist

Basic economic problem is

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inflation

unemployment

scarcity

lack of money

All non materials products which can satisfy human wants are called.

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Economic goods

Services

Non-economics goods

Services

Who was the founder of classical school of thought?

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Adam Smith

Marshall

Keynes

Maithus

Prof. Marshall thinks

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Economics studies national welfare

Economics studies personal welfare

Economics studies total welfare

Economics studies material welfare

Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.

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1776

1998

1931

1936

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