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Economics - Questions and Answers

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426. ""No society can surely be flourishing and happy of which the far greater part of the members are poor and miserable"". Who among the following said this?
A. Bentham
B. Keynes
C. Adam Smith
D. Caincross
Explanation:
427. Liberal theory of a state says that State is
A. a state of victors
B. Gods Gift
C. Laissez faire region
D. coercion of government
Explanation:
428. The major aim of devaluation is to
A. encourage imports
B. encourage exports
C. ecourage both exports and imports
D. discourage both exports and imports
Explanation:
429. ""Ceteris paribus"" means
A. other things being equal
B. constant demand condition
C. most efficient resources allocation
D. othe things do not remain the same
Explanation:
430. The statement that ""economics is positive and not normative"" mans that
A. it is a study of needs verses affluence
B. economics tells the policy makers which alternative to choose from among several efficient ones
C. the wants of human beings are unlimited
D. None of these
Explanation:
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