Questions and Answers
Who is credited with being the 'first economist' by several economic historians?
Who rejected the method-based definition of Robbins and preferred definitions like those of Say?
Who described 16th and 17th century scholastic writers as 'coming nearer than any other group to being the 'founders' of scientific economics'?
What did mercantilism hold as the basis of a nation's wealth?
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What did the Physiocrats believe was the basis of all wealth?
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What did the mercantilist policy promote at the expense of agriculture?
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Which term is ultimately derived from the Ancient Greek term for 'way to run a household'?
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Who defined political economy as 'an inquiry into the nature and causes of the wealth of nations'?
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According to Alfred Marshall, what does economics study?
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Who developed the definition of economics as 'the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses'?
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According to Robbins, what is the influence of scarcity on human behavior?
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What did Gary Becker describe as the approach he favored in economics?
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What did Jean-Baptiste Say define economics as?
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Who coined the term 'the dismal science' as an epithet for classical economics?
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According to John Stuart Mill, what does economics study?
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What did Adam Smith define political economy as?
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What does economics study?
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What does microeconomics analyze?
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What does macroeconomics analyze?
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What is the difference between positive economics and normative economics?
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Where can economic analysis be applied?
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What are the two broad distinctions within economics?
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What did the earlier term for economics, 'political economy', refer to?
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What is the term commonly used to refer to the discipline since the late 19th century?
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What did the Physiocrats believe was the basis of all wealth?
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What is the ultimate goal of economic analysis?
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Which social science studies the production, distribution, and consumption of goods and services?
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What does microeconomics analyze?
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What does macroeconomics analyze?
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What is the distinction between positive economics and normative economics?
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Which field can economic analysis be applied to?
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What was the earlier term for economics?
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What does mainstream economics refer to?
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Which branch of economics focuses on the behavior and interactions of economic agents?
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What does economic growth refer to?
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What does applied economics focus on?
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