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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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