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      Question

      ā€œEconomics is the study of the administration of

      scarce resources and the determinants of employment and income.ā€ 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 ā€˜the study of the administration of scarce means and the determinants of employment and incomeā€.

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