Functional Areas of Business MCQs and Notes

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Q 41. Which economist studies the concept of scarcity in economics?

(A) kautilya
(B) Adam smith
(C) Robbins
(D) Marshall

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Mr. Dubey • 52.30K Points
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Q 42. Which economist put social preferences and distribution in the centre of economics?

(A) kautilya
(B) Samuelson
(C) Marshall
(D) Adam smith

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Mr. Dubey • 52.30K Points
Coach

Q 43. Who introduced economics as real science?

(A) Adam smith
(B) Robbins
(C) Samuelson
(D) Marshall

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Mr. Dubey • 52.30K Points
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Q 44. Who is known to be the first economist to have started studying economics as science?

(A) kautilya
(B) Marshall
(C) Robbins
(D) Adam smith

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Mr. Dubey • 52.30K Points
Coach

Q 45. Who has given the concept that economics is neutral about purpose?

(A) Marshall
(B) Robbins
(C) Adam smith
(D) kautilya

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Mr. Dubey • 52.30K Points
Coach

Q 46. BY which other name, economics is known?

(A) Policy
(B) Society
(C) State
(D) Science of Economizing

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Mr. Dubey • 52.30K Points
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Q 47. Who is the writer of Wealth of Nations?

(A) Marshall
(B) Robbins
(C) Adam smith
(D) kautilya

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Mr. Dubey • 52.30K Points
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Q 48. How is the concept of scarcity?

(A) Absolute
(B) Relative
(C) Religious
(D) Political

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Mr. Dubey • 52.30K Points
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Q 49. According to whom, economics is a welfare-oriented theory?

(A) Marshall
(B) Adam smith
(C) Hicks
(D) Robbins

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Mr. Dubey • 52.30K Points
Coach

Q 50. According to whom, economics is the science of wealth?

(A) kautilya
(B) Adam smith
(C) Marshall
(D) Robbins

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