Find the odd one out:

(a)

"An inquiry into the Nature and the Causes of the Wealth of Nations"

(b)

"Principles of Economics"

(c)

"Nature and Significance of Economic science"

(d)

"Ceteris Paribus"

Who is the father of Economics?

(a)

Max Muller

(b)

Adam Smith

(c)

Karl Marx

(d)

Paul A Samuelson

"Economics is a science" The basis of this statement is ______

(a)

Relation between cause and effect

(b)

Use of deductive method and inductive method for the formations of laws

(c)

Experiments

(d)

All of the above

Which theory is generally included under micro economics?

(a)

Price Theory

(b)

Income Theory

(c)

Employment Theory

(d)

Trade Theory

The process of reasoning from particular to general is

(a)

Deductive method

(b)

Inductive method

(c)

Positive economics

(d)

Normative economics

____studies about the pricing of factors of production.

(a)

Production

(b)

Exchange

(c)

Distribution

(d)

Consumption

'The General theory of Employment, Interest and Money' published by

(a)

Alfred Marshall

(b)

Adam Smith

(c)

Robbins

(d)

J.M. Keynes

What is the name for money Income.

(a)

Nominal Income

(b)

Real Income

(c)

Both

(d)

None

__________ are transferable and value in exchange.

(a)

Trade

(b)

Goods

(c)

Business

(d)

None

Public Finance is concerned with

(a)

Income and Expenditure of government

(b)

Public Debt

(c)

Taxation

(d)

All the above

What is meant by Economics?

Define Micro Economics.

What are goods?

Name any two types of utility.

What are the major features of scarcity definitions (Robbins definitions)

Define Total Revenue?

Explain the scarcity definition of Economics and assess it.

What are the crucial decisions involved in 'what to produce'?

Distinguish between microeconomics and macroeconomics.

Examine the samuelson's definition of economics.

Discuss the Stable Equilibrium with the help of a diagram?

Explain various Steps of Deductive and Inductive methods.

Explain the different types of utility.