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    • Question

      “Economics is the study of the administration of

      scarce resources and the determinants of employment and income.” Definition of Economics was given by:
      A J.M Keynes Correct Answer Incorrect Answer
      B Alfred Marshall Correct Answer Incorrect Answer
      C Lionel Robbins Correct Answer Incorrect Answer
      D Adam smith Correct Answer Incorrect Answer

      Solution

      Lord Keynes defined economics as ‘the study of the administration of scarce means and the determinants of employment and income”.

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