Economics MCQs For Lectureship CSS PMS And NTS Part V
91 Economics is which type of science?
Social
92 Why Economic problems arises?
Scarcity
93 Economics is both a social and a
Normative science
94 What does Ceteris Paribus means?
Other things remaining the same
95 In Economics what is the role of assumptions?
Enables economists to simplify reality
96 What does Normative Economics involve?
Opinions and interpretations
97 Basic economic problem is
Scarcity
98 What are the three basic economic problems?
What, how and for whom
99 What does Economic law shows?
Economic behavior of people
100 Who was Adam Smith?
Classical economist
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