CA Foundation Exam > CA Foundation Questions > Find the correct match :a)An enquiry into the...
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Find the correct match :
- a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.
- b)Science which deals with wealth : Alfred Marshall.
- c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.
- d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.
Correct answer is 'C'. Can you explain this answer?
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Find the correct match :a)An enquiry into the nature and causes of the...
Baron Robbins was a British economist, and prominent member of the economics department at the London School of Economics. He is known for his leadership at LSE, his proposed definition of economics, and for his instrumental efforts in shifting Anglo-Saxon economics from its Marshallian direction.
Robbins is famous for his definition of economics:
"Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."
Most Upvoted Answer
Find the correct match :a)An enquiry into the nature and causes of the...
Explanation:
The correct match for the given statements is:
c) Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.
Explanation:
To understand the answer in detail, let's break it down:
Adam Smith:
- Adam Smith is known as the father of economics. His book "An Inquiry into the Nature and Causes of the Wealth of Nations" is considered a foundational work in economics.
- However, the statement "The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money" does not align with Adam Smith's views.
Alfred Marshall:
- Alfred Marshall was a prominent economist who made significant contributions to the field of economics, particularly in microeconomics.
- While he did study the science of wealth, the given statement does not directly relate to his work.
A.C. Pigou:
- A.C. Pigou was an influential economist known for his work on welfare economics and the concept of externalities.
- The given statement does not align with his work and does not represent his views accurately.
Lionel Robbins:
- Lionel Robbins was a renowned economist who made substantial contributions to the field of economics, especially in the area of economic methodology.
- The given statement accurately represents Robbins' definition of economics. He defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
- This definition emphasizes the study of human behavior in relation to the allocation of scarce resources, which is a fundamental aspect of economics.
Hence, the correct match is:
c) Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.
The correct match for the given statements is:
c) Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.
Explanation:
To understand the answer in detail, let's break it down:
Adam Smith:
- Adam Smith is known as the father of economics. His book "An Inquiry into the Nature and Causes of the Wealth of Nations" is considered a foundational work in economics.
- However, the statement "The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money" does not align with Adam Smith's views.
Alfred Marshall:
- Alfred Marshall was a prominent economist who made significant contributions to the field of economics, particularly in microeconomics.
- While he did study the science of wealth, the given statement does not directly relate to his work.
A.C. Pigou:
- A.C. Pigou was an influential economist known for his work on welfare economics and the concept of externalities.
- The given statement does not align with his work and does not represent his views accurately.
Lionel Robbins:
- Lionel Robbins was a renowned economist who made substantial contributions to the field of economics, especially in the area of economic methodology.
- The given statement accurately represents Robbins' definition of economics. He defined economics as "the science which studies human behavior as a relationship between ends and scarce means which have alternative uses."
- This definition emphasizes the study of human behavior in relation to the allocation of scarce resources, which is a fundamental aspect of economics.
Hence, the correct match is:
c) Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.
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Find the correct match :a)An enquiry into the nature and causes of the...
It's not a logical question 1st one is not said by pigou just refer tb read it who told which sentence this is purely theoretical question
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Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer?
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Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer?.
Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer?.
Solutions for Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer?, a detailed solution for Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? has been provided alongside types of Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Find the correct match :a)An enquiry into the nature and causes of the wealth of the nation : A.C.Pigou.b)Science which deals with wealth : Alfred Marshall.c)Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses : Robbins.d)The range of our enquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rode of money : Adam Smith.Correct answer is 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
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