Exploring the Definitions of Economics Quiz
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Questions and Answers

According to J.B. Say (1803), how did he define economics?

  • The science of production, distribution, and consumption of wealth (correct)
  • The science of public-policy uses
  • A study of wealth and its implications
  • The study of mankind in the ordinary business of life

    • What did Alfred Marshall define as the study of mankind in the ordinary business of life?

  • The science of production, distribution, and consumption of wealth
  • The science of public-policy uses
  • The study of wealth and its implications
  • Political Economy or Economics (correct)

    • What did Lionel Robbins term as 'the most commonly accepted current definition of the subject'?

  • The study of wealth and its implications
  • The science of public-policy uses
  • Economics is a science (correct)
  • A study of mankind in the ordinary business of life

    • According to Alfred Marshall, what is economics a study of?

    <p>Mankind in the ordinary business of life</p> Signup and view all the answers

    What did J.B. Say distinguish economics from?

    <p>Its public-policy uses</p> Signup and view all the answers

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