50+Economics Multiple Choice Questions and Answers Pdf - 3

Question: 11

Who gave the welfare definition of economics?

Alfred Marshall

Question: 12

What is the other name of capital goods?

Investment goods or Producer goods

Question: 13

What is the aim of production?

Creation of wealth

Question: 14

Who defined economic as “the practical science of the production and distribution of wealth”?

J.S. Mill

Question: 15

Give two commodities that are traded in international market?

Steel, Cotton, Sugar and Tea