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Question
Author of “An Inquiry into the Nature and Causes of Wealth of Nations”
Options
Alfred Marshall
Adam Smith
Lionel Robbins
Paul A Samuelson
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Solution
Adam Smith
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RELATED QUESTIONS
Choose the correct option:
Statements related to Economics:
- Economics is a social science.
- Concept of economics is derived from Greek word ‘Oikonomia’.
- Economics is related to the study of human economic behavior.
- Economics is related to management of the household.
Statements incorrect with reference to Adam Smith's definition:
- Adam Smith is a classical economist.
- Wealth of Nations is authored by Adam Smith.
- Economics is the science of wealth.
- Economics studies common man.
Choose the correct option:
Key points in Lionel Robbins' definition
a) Wants are unlimited
b) Means are limited
c) Wants are not gradable
d) Means have alternative uses.
Complete the correlation :
Arthshastra : Kautilya : : Wealth of Nations :______________
The basic problem studied in Economics is
Microeconomics is concerned with
Find the odd one out:
Who is the Father of Economics?
Who has given scarcity definition of economics?
Explain the scarcity definition of Economics and assess it.
Compare and contrast various definitions of Economics.
