1. Which of the following is the best general definition of the study of Economics?

A) Inflation and unemployment in a growing economy
B) Business decision making under foreign competition
C) Individual and social choice in the face of scarcity
D) None of above



2. Paul A Samuelson written a book titled-

A) Economics: An Introductory Analysis
B) Economics: The Principle Analysis
C) Principle of Economics
D) Economic principles



3. â??The range of our inquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of moneyâ?. This definition is given by-

A) marshall
B) Robbins
C) Pigou
D) Samuelson



4. Who of the following referred â??economicsâ?? as the science of wealth?

A) Alfred Marshall
B) Lionel Robbins
C) Samuelson
D) J. B. Say



5. As per ___, â??Economics is a study of man in the ordinary business of life. It enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of manâ?.

A) Adam Smith
B) Adam Marshall
C) Lionel Robbins
D) Alfred Marshall