1. The central point in Adam Smithâ??s definition is-

A) Wealth destruction
B) Wealth creation
C) Human welfare
D) Human behaviours



2. Who offered most scientific definition of economics?

A) Lionel Robbins
B) Adam Smith
C) A. C. Pigou
D) J. N. Keynes



3. On which of the following themes of Economics Samuelson has emphasized?

A) scarcity
B) Efficiency
C) Scarcity and efficiency
D) Social welfare



4. Paul A Samuelson has propounded what has come to be known as the ____ oriented definition of economics.

A) Social welfare
B) Growth
C) Wealth
D) Scarcity



5. Who first recognized the significance of human welfare?

A) Marshall
B) Robbins
C) George Bernard Shaw
D) Smith