This chapter is the introduction of Economics for XII standard Economics students. this will include questions on Economics which will be helpful to the students of Economics
Who is the Father of Economics?
1. Adam Smith 2. Marshall 3. Robinson 4. None of the above
Answer Adam Smith.
Who defined Welfare Economics?
1. Lionel Robinson 2. Smith 3. Marshall 4 Paul Samuelson
Answer: Marshall
Scarcity Definition is given byLionel Robbins
The most suitable Definition for Economics defined by Paul Samuelson