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Questions and Answers
What was 19th century Economics known as?
What was 19th century Economics known as?
- Capitalist Economics
- Political Economy (correct)
- Social Economics
- Market Economics
Who wrote 'The wealth of Nations' in 1776?
Who wrote 'The wealth of Nations' in 1776?
- Karl Marx
- John Maynard Keynes
- David Ricardo
- Adam Smith (correct)
What is the fundamental fact about human beings as mentioned in the text?
What is the fundamental fact about human beings as mentioned in the text?
- Human beings have unlimited wants (correct)
- Human beings have fixed wants
- Human beings have limited wants
- Human beings have fluctuating wants
What does decision making in business economics refer to?
What does decision making in business economics refer to?
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What does business economics integrate according to the text?
What does business economics integrate according to the text?
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