Topic: CH-1: Introduction

Economic facts collected for studying economic problems are also known as:

Formulation of plans and policies requires the knowledge of:

Qualitative data can sometimes be expressed in degrees such as:

Who defined Economics as ‘the study of man in the ordinary business of life’?

The purpose of collecting data about economic problems is to:

Which of the following is NOT an economic problem that Statistics helps analyse?

Which of the following is NOT mentioned as a resource in agriculture?

A person who buys goods to satisfy personal needs or those of the family is called a:

In Economics, measures that help solve an economic problem are known as:

Statistics can be used to ascertain whether which policy is effective in checking population growth?