(A) Engel’s law
(B) Malthusian theory of population
(C) Law of demand
(D) All of the above
When we start with particular facts and then makes general theory, it is called:
(A) Deductive method
(B) Inductive method
(C) Partial equilibrium method
(D) None of the above
Marco economics deals with:
(A) Theory of distribution
(B) Theory of economic growth
(C) Theory of income and employment
(D) All of the above
Price theory deals with:
(A) Factor pricing
(B) Product pricing
(C) Welfare economics
(D) All of the above
A rise in price of goods leads to fall in its quantity demanded. Thus, government showed cheek rise in prices. This statement refers to:
(A) Normative economics
(B) Positive economics
(C) Both Normative and Positive Economics
(D) None of the above
Which economics deals with idealistic situation?
(A) Normative economics
(B) Positive economics
(C) Both positive and normative economics
(D) None of the above
Ethics is:
(A) Positive economics
(B) Normative economics
(C) Both positive and normative economics
(D) None of the above
Chemistry is?
(A) Normative economics
(B) Positive economics
(C) Both A & B
(D) None of the above