10+ Economics Gk Questions with Answers - 1

Question: 1

What are the subjects that econometrics make use of?

Statistics, Mathematics and Economics

Question: 2

What is the other name for deductive method of reasoning?

Abstract method or Analytical method

Question: 3

Who defined “Income in the economic sense, is the flow of satisfactions from economic goods”?

Seligman

Question: 4

Which goods satisfy our wants indirectly?

Capital goods

Question: 5

What is the method that Ricardo made use of?

Deductive method