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Questions and Answers
What is the origin of the term 'micro' in economics?
What is the origin of the term 'micro' in economics?
- French word, 'Petit' meaning small
- Greek word, 'Mikros' meaning small (correct)
- Latin word, 'Micro' meaning tiny
- Greek word, 'Makros' meaning large
Who is credited with popularizing the Neo-Classical approach to Micro Economics?
Who is credited with popularizing the Neo-Classical approach to Micro Economics?
- Prof. Alfred Marshall (correct)
- Adam Smith
- J.S. Mill
- David Ricardo
What is the name of the article in which Ragnar Frisch first referred to the study of individual firms and producers as 'Microeconomics'?
What is the name of the article in which Ragnar Frisch first referred to the study of individual firms and producers as 'Microeconomics'?
- Economic Data Modeling
- Business Cycles (correct)
- Economic Theories
- Micro Macro Analysis
Who was the joint winner of the first Nobel Prize for Economics in 1969 with Jan Tinbergen?
Who was the joint winner of the first Nobel Prize for Economics in 1969 with Jan Tinbergen?
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What is the focus of Micro Economic analysis?
What is the focus of Micro Economic analysis?
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Which economist is credited with the development of macro economics approach?
Which economist is credited with the development of macro economics approach?
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What does Micro economics deal with?
What does Micro economics deal with?
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Who defined Micro economics as "in fact a microscopic study of the economy"?
Who defined Micro economics as "in fact a microscopic study of the economy"?
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What was the main reason for the development of Micro economics?
What was the main reason for the development of Micro economics?
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Who are the Physiocrats?
Who are the Physiocrats?
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