A set of arrangements where economic agents can freely exchange their endowments or products with each other is known as:

Which of the following is studied under micro economics?

Who is regarded as the father of modern economics?

1. Adam Smith.
2. John Maynard Keynes.
3. Amartya Sen.
4. Abraham Maslow.

Identify normative statements from the following :

(A) India has a high population

(B) India should keep a control on population growth rate

(C) High population hampers growth of any country

(D) India should have more equitable distribution

Choose the correct answer from the options given below :

The first book on Microeconomics, "An inquiry into Nature and Cause of the Wealth of Nations", was written by_________.

There is always a cost of having a little more of one good in terms of the amount of the other good that has to be forgone. This cost is known as........................

Which of the following central problems deal with the distribution of final goods and services?