(A) Samuelson
(B) Robbins
(C) Alfred Marshall
(D) Adam Smith
Tag: Economics Mcqs With Answers
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
Who gave welfare definition of Economics?
(A) Samuelson
(B) Robbins
(C) Adam Smith
(D) Alfred Marshall
Growth definition by Samuelson has:
(A) An element of time in its.
(B) Touches about economic growth and welfare concepts.
(C) Talks about the problem of scarcity of resources.
(D) All of the above
Bank deposits that can be withdrawn without notice are called?
(A) Fixed deposits
(B) Account payee deposits
(C) Variable deposits
(D) Demand deposits
An expenditure that has been made and can not be recovered is called?
(A) Opportunity cost
(B) Variable cost
(C) Sunk cost
(D) Operational cost
Practice of selling goods in a foreign country at a price below their domestic selling price is called?
(A) Discrimination
(B) Diplomacy
(C) Dumping
(D) Double pricing