(A) Normative economics
(B) Positive economics
(C) Both positive and normative economics
(D) None of the above
Tag: Economics Mcqs With Answers
Ethics is:
(A) Positive economics
(B) Normative economics
(C) Both positive and normative economics
(D) None of the above
Chemistry is?
(A) Normative economics
(B) Positive economics
(C) Both A & B
(D) None of the above
Normative economics is based on:
(A) Cause and effect of facts
(B) Ethics
(C) Value judgments
(D) Both B & C
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