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Statement (1): The book titled 'An Enquiry into the Nature and Causes of the Wealth of Nations' was authored by Adam Smith. Statement (2): Prof. Alfred Marshall gave welfare definition of economics. - Economics

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Question

Statement (1): The book titled ‘An Enquiry into the Nature and Causes of the Wealth of Nations’ was authored by Adam Smith.

Statement (2): Prof. Alfred Marshall gave welfare definition of economics.

Options

  • Both statements are true.

  • Both statements are false.

  • Statement 1 is true, Statement 2 is false.

  • Statement 2 is true, Statement 1 is false.

MCQ
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Solution

Both statements are true.

Explanation:

Statement 1 is true because Adam Smith wrote An Enquiry into the Nature and Causes of the Wealth of Nations. Statement 2 is also true because Alfred Marshall gave the welfare definition of economics.

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Chapter 1: Introduction to Economics - QUESTIONS [Page 12]

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J. P. Goel and Kaushal Goel Economics [English] Class 9 ICSE
Chapter 1 Introduction to Economics
QUESTIONS | Q 2. | Page 12
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