(A) Cause and effect of facts
(B) Ethics
(C) Value judgments
(D) Both B & C
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
Positive economics is based on:
(A) Cause and effect of facts
(B) Ethics
(C) Value judgements
(D) All of the above
Economics is?
(A) An art
(B) A science
(C) Both of the above
(D) None of the above
Who said “Law of Economics are like the law of tides”?
(A) Samuelson
(B) Alfred Marshall
(C) Adam Smith
(D) Robbins
Who wrote “Nature and Causes of Wealth of Nations”?
(A) Alfred Marshall
(B) Samuelson
(C) Robbins
(D) Adam Smith
Who wrote “Nature and Significance of Economic Science”?
(A) Samuelson
(B) Robbins
(C) Alfred Marshall
(D) Adam Smith
Who gave scarcity definition of Economics?
(A) Adam Smith
(B) Alfred Marshall
(C) Samuelson
(D) Robbins
Who gave wealth definition of Economics?
(A) Alfred Marshall
(B) Samuelson
(C) Robbins
(D) Adam Smith