11th Economics Public Exam Question Paper with Answer Key PDF March 2024

Dear students, We have attached the 11th Economics Public Exam Question Paper and Answer Key for the year 2024. Approximately 2 lakh students took the Economics Paper across Tamil Nadu today. We understand that everyone is now looking for the 11th Economics Answer Key to check their answers. This Page is a great tool to verify your answers and prepare for the 2025 Economics exam.

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11th Economics Public Exam Question Paper PDF 2024

11th Economics Question Paper 2024 PDF

From below tableย You can easily download the 11th Economics Question Paper along with its Answer Key in PDF format. We have attached both the 11th Public Economics Question Paper and Answer Key.

Exam DateQuestion Paper DetailsPDF Link
12th March 2024Economics Original Question Paper 2024Download PDF
12th March 202411th Public Economics Answer Key PDF by Sura GuideDownload PDF

Read More: 11th English Answer Key

11th Std Economics Public Exam Answer Key 2024

From the section below you can find the 11th Std Public Exam 2024โ€™s Economics Answer Key. It contains accurate answers and detailed explanations for every exam question, allowing students to verify their responses and evaluate their performance.

1. เฎชเฎฃเฏเฎŸเฎ™เฏเฎ•เฎณเฏ เฎฎเฎฑเฏเฎฑเฏเฎฎเฏ เฎชเฎฃเฎฟเฎ•เฎณเฏ เฎตเฎฐเฎฟ เฎŽเฎฉเฏเฎชเฎคเฏ

(เฎ…) เฎฎเฎคเฎฟเฎชเฏเฎชเฏ เฎ•เฏ‚เฎŸเฏเฎŸเฎชเฏเฎชเฎŸเฏเฎŸ เฎตเฎฐเฎฟ เฎชเฏ‹เฎฉเฏเฎฑเฎคเฏ
(เฎ†) เฎชเฎฒเฎฎเฏเฎฉเฏˆ เฎตเฎฐเฎฟ
(เฎ‡) เฎ’เฎฐเฏเฎฎเฏเฎฉเฏˆ เฎตเฎฐเฎฟ, เฎ…เฎŸเฏเฎ•เฏเฎ•เฏ เฎตเฎฟเฎณเฏˆเฎตเฏเฎ•เฎณเฎฑเฏเฎฑเฎคเฏ
(เฎˆ) เฎ…เฎŸเฏเฎ•เฏเฎ•เฏ เฎตเฎฟเฎณเฏˆเฎตเฏเฎ•เฎณเฏˆเฎ•เฏ เฎ•เฏŠเฎฃเฏเฎŸเฎคเฏ

Goods and Services tax is

(a) like value added tax
(b) a multi point tax
(c) a single point tax with no cascading effects
(d) having cascading effect

Answer: a single point tax with no cascading effects

2. (y-y1)=m(x-x1) เฎŽเฎฉเฏเฎชเฎคเฏ _________ เฎ•เฏเฎฑเฎฟเฎ•เฏเฎ•เฏเฎฎเฏ

(เฎ…) เฎฎเฎพเฎฑเฎฟเฎฒเฎฟเฎฏเฏˆ
(เฎ†) เฎšเฎพเฎฏเฏเฎตเฏˆ
(เฎ‡) เฎตเฎณเฏˆเฎ•เฏ‹เฎŸเฏเฎŸเฏˆ
(เฎˆ) เฎจเฏ‡เฎฐเฏเฎ•เฏ‹เฎŸเฏเฎŸเฏˆ

(y-y1)=m(x-x1) gives the :

(a) Constant
(b) Slope
(c) Curve
(d) Straight line

Answer: Straight line

3. เฎŽเฎจเฏเฎค เฎตเฎ•เฏˆ เฎ…เฎ™เฏเฎ•เฎพเฎŸเฎฟเฎฏเฎฟเฎฒเฏ เฎชเฏ‹เฎŸเฏเฎŸเฎฟเฎฏเฏ‡ เฎ‡เฎฐเฎพเฎคเฏ?

(เฎ…) เฎ‡เฎฐเฏเฎตเฎฐเฏ เฎฎเฏเฎฑเฏเฎฑเฏเฎฐเฎฟเฎฎเฏˆ
(เฎ†) เฎจเฎฟเฎฑเฏˆเฎตเฏเฎชเฏ เฎชเฏ‹เฎŸเฏเฎŸเฎฟ
(เฎ‡) เฎšเฎฟเฎฒเฏเฎฒเฏ‹เฎฐเฏ เฎฎเฏเฎฑเฏเฎฑเฏเฎฐเฎฟเฎฎเฏˆ
(เฎˆ) เฎฎเฏเฎฑเฏเฎฑเฏเฎฐเฎฟเฎฎเฏˆ

In which market form, does absence of competition prevail?

(a) Duopoly
(b) Perfect competition
(c) Oligopoly
(d) Monopoly

Answer: Monopoly

4. เฎฎเฏŠเฎคเฏเฎค เฎฎเฎพเฎฑเฎพเฎšเฏ เฎšเฏ†เฎฒเฎตเฏ 1,000, เฎฎเฏŠเฎคเฏเฎค เฎฎเฎพเฎฑเฏเฎฎเฏ เฎšเฏ†เฎฒเฎตเฏ 200 เฎŽเฎฉเฎฟเฎฒเฏ เฎฎเฏŠเฎคเฏเฎคเฎšเฏ เฎšเฏ†เฎฒเฎตเฏˆเฎ•เฏ เฎ•เฎฃเฎ•เฏเฎ•เฎฟเฎŸเฏเฎ•.

(เฎ…) 500
(เฎ†)800
(เฎ‡) 20,000
(เฎˆ) 1,200

If total fixed cost (TFC) is 1,000 and total variable cost (TVC) is 200, then find the total cost :

(a) 500
(b) 800
(c) 20,000
(d) 1,200

Answer: 1,200

5. เฎฎเฏเฎฑเฏเฎฑเฏเฎฐเฎฟเฎฎเฏˆเฎฏเฎฟเฎฒเฏ MR เฎ•เฏ‹เฎŸเฏ ________ เฎ•เฏ‹เฎŸเฏเฎŸเฎฟเฎฑเฏเฎ•เฏ เฎ•เฏ€เฎดเฎฟเฎฐเฏเฎ•เฏเฎ•เฏเฎฎเฏ.

(เฎ…) AR
(เฎ†) TR
(เฎ‡) AC
(เฎˆ) MC

In Monopoly, MR curve lies below _______ curve.

(a) AR
(b) TR
(c) AC
(d) MC

Answer: AR

6. เฎ’เฎฐเฏ เฎจเฎฟเฎฑเฏเฎตเฎฉเฎคเฏเฎคเฎฟเฎฉเฏ เฎ‰เฎณเฏเฎณเฏ€เฎŸเฏ, เฎตเฏ†เฎณเฎฟเฎฏเฏ€เฎŸเฏเฎ•เฎณเฏเฎ•เฏเฎ•เฏ เฎ‡เฎŸเฏˆเฎฏเฏ‡ เฎ‰เฎณเฏเฎณ เฎ‡เฎฏเฎฒเฏเฎชเฎพเฎฉ เฎคเฎฐเฏเฎตเฎคเฏ _______ เฎคเฏŠเฎŸเฎฐเฏเฎชเฏˆ เฎŽเฎฉ เฎ…เฎดเฏˆเฎ•เฏเฎ•เฎชเฏเฎชเฎŸเฏเฎ•เฎฟเฎฑเฎคเฏ.

(เฎ…) เฎšเฏ‡เฎฎเฎฟเฎชเฏเฎชเฏ เฎšเฎพเฎฐเฏเฎชเฏ
(เฎ‡) เฎฎเฏเฎคเฎฒเฏ€เฎŸเฏเฎŸเฏ เฎšเฎพเฎฐเฏเฎชเฏ
(เฎ†) เฎจเฏเฎ•เฎฐเฏเฎตเฏ เฎšเฎพเฎฐเฏเฎชเฏ
(เฎˆ) เฎ‰เฎฑเฏเฎชเฎคเฏเฎคเฎฟ เฎšเฎพเฎฐเฏเฎชเฏ

The functional relationship between โ€œinputsโ€ and โ€œoutputsโ€ is called as

(a) Savings function
(c) Investment function
(b) Consumption function
(d) Production function

Answer: Production function

7. โ€˜เฎชเฏ‹เฎฒเฎฟ เฎตเฎพเฎฐเฎฎเฏโ€™ เฎŽเฎฉเฏเฎฑ เฎ•เฎฐเฏเฎคเฏเฎคเฏ ________ เฎ‰เฎŸเฎฉเฏ เฎคเฏŠเฎŸเฎฐเฏเฎชเฏเฎŸเฏˆเฎฏเฎคเฏ.

(เฎ…) เฎตเฎพเฎ•เฏเฎ•เฎฐเฏ
(เฎ†) เฎฐเฎฟเฎ•เฏเฎ•เฎพเฎฐเฏเฎŸเฏ‹
(เฎ‡) เฎฎเฎพเฎฐเฏเฎทเฎฒเฏ
(เฎˆ) เฎ•เฏ€เฎฉเฏเฎธเฏ

The concept of โ€˜Quasi Rentโ€™ is associated with :

(a) Walker
(b) Ricardo
(c) Marshall
(d) Keynes

Answer: Marshall

8. เฎคเฎฟเฎŸเฏเฎŸเฎ•เฏเฎ•เฏเฎดเฏ เฎŽเฎฉเฏเฎชเฎคเฎฑเฏเฎ•เฏ เฎฎเฎพเฎฑเฏเฎฑเฎพเฎ• ________ เฎŽเฎฉเฏเฎฉเฏเฎฎเฏ เฎ…เฎฎเฏˆเฎชเฏเฎชเฏ 2015 เฎฎเฏ เฎ†เฎฃเฏเฎŸเฏ เฎœเฎฉเฎตเฎฐเฎฟ 1 เฎ†เฎฎเฏ เฎจเฎพเฎณเฏ เฎเฎฑเฏเฎชเฎŸเฏเฎคเฏเฎคเฎชเฏเฎชเฎŸเฏเฎŸเฎคเฏ.

(เฎ…) เฎšเฎŸเฏเฎŸเฎ•เฏ เฎ•เฏเฎดเฏ
(เฎ†) เฎจเฎฟเฎคเฎฟ เฎ†เฎฏเฏ‹เฎ•เฏ
(เฎ‡) เฎฎเฎฉเฎฟเฎค เฎ‰เฎฐเฎฟเฎฎเฏˆ เฎ†เฎฃเฏˆเฎฏเฎฎเฏ
(เฎˆ) เฎจเฎฟเฎคเฎฟเฎ•เฏ เฎ•เฏเฎดเฏ

The Planning Commission has been replaced by the _______ on 1st January 2015.

(a) Law Commission
(b) NITI Aayog
(c) Human Rights Commission
(d) Finance Commission

Answer: NITI Aayog

9. เฎจเฏ€เฎฃเฏเฎŸเฎ•เฎพเฎฒ เฎšเฎฐเฎพเฎšเฎฐเฎฟ เฎšเฏ†เฎฒเฎตเฏเฎ•เฏเฎ•เฏ‹เฎŸเฏ ______ เฎ•เฏ‹เฎŸเฏ เฎŽเฎฉเฎตเฏเฎฎเฏ เฎ…เฎดเฏˆเฎ•เฏเฎ•เฎชเฏเฎชเฎŸเฏเฎ•เฎฟเฎฑเฎคเฏ.

(เฎ…) เฎ‰เฎฑเฏเฎชเฎคเฏเฎคเฎฟ
(เฎ†) เฎคเฏ‡เฎตเฏˆเฎ•เฏ
(เฎ‡) เฎตเฎฟเฎฑเฏเฎชเฎฉเฏˆ
(เฎˆ) เฎคเฎฟเฎŸเฏเฎŸ

Long-run average cost curve is also called as ________ curve

(a) production
(b) demand
(c) sales
(d) planning

Answer: planning

10. เฎ‡เฎฑเฏเฎคเฎฟเฎจเฎฟเฎฒเฏˆเฎชเฏ เฎชเฎฏเฎฉเฏเฎชเฎพเฎŸเฏ เฎšเฏเฎดเฎฟเฎฏเฎฎเฎพเฎ• เฎ‡เฎฐเฏเฎ•เฏเฎ•เฏเฎฎเฏ เฎชเฏ‹เฎคเฏ เฎฎเฏŠเฎคเฏเฎคเฎชเฏ เฎชเฎฏเฎฉเฏเฎชเฎพเฎŸเฏ ________ เฎจเฎฟเฎฒเฏˆเฎฏเฏˆ เฎ…เฎŸเฏˆเฎ•เฎฟเฎฑเฎคเฏ.

(เฎ…) เฎšเฏเฎดเฎฟเฎฏเฎฎเฎพเฎฉ
(เฎ†) เฎ•เฏเฎฑเฏˆเฎตเฎพเฎฉ
(เฎ‡) เฎŽเฎคเฎฟเฎฐเฏเฎฎเฎฑเฏˆเฎฏเฎพเฎฉ
(เฎˆ) เฎ‰เฎšเฏเฎšเฎฎเฎพเฎฉ

When marginal utility reaches zero, the total utility will be:

(a) Zero
(b) Minimum
(c) Negative
(d) Maximum

Answer: Maximum

11. MUDRA เฎตเฎ™เฏเฎ•เฎฟ เฎšเฏ†เฎฏเฎฒเฏเฎชเฎŸเฏเฎคเฏเฎคเฎชเฏเฎชเฎŸเฏเฎŸ เฎ†เฎฃเฏเฎŸเฏˆเฎ•เฏ เฎ•เฎฃเฏเฎŸเฎฑเฎฟเฎ•.

(เฎ…) 2010
(เฎ†) 2000
(เฎ‡) 2015
(เฎˆ) 2005

Identify the year of launch of MUDRA Bank :

(a) 2010
(b) 2000
(c) 2015
(d) 2005

Answer: 2015

12. เฎชเฎคเฏเฎคเฎพเฎฎเฏ เฎเฎจเฏเฎคเฎพเฎฃเฏเฎŸเฏเฎคเฏ เฎคเฎฟเฎŸเฏเฎŸ เฎ•เฎพเฎฒเฎฎเฏ :

(เฎ…) 2007 โ€“ 2012
(เฎ†) 1992-1997
(เฎ‡) 1997 โ€“ 2002
(เฎˆ) 2002-2007

Tenth Five Year Plan period was :

(a) 2007-2012
(b) 1992 โ€“ 1997
(c) 1997 โ€“ 2002
(d) 2002 โ€“ 2007

Answer: 2002 โ€“ 2007

13. เฎฎเฏเฎŸเฎฟเฎ•เฏเฎ•เฎชเฏเฎชเฎŸเฏเฎŸ เฎตเฏ‡เฎฒเฏˆเฎฏเฎฟเฎฉเฏ เฎ…เฎณเฎตเฎฟเฎฉเฏ เฎ…เฎŸเฎฟเฎชเฏเฎชเฎŸเฏˆเฎฏเฎฟเฎฒเฏ เฎตเฎดเฎ™เฏเฎ•เฎชเฏเฎชเฎŸเฏเฎฎเฏ เฎ•เฏ‚เฎฒเฎฟ ________

(เฎ…) เฎคเฏเฎฃเฏเฎŸเฏเฎ•เฏ เฎ•เฏ‚เฎฒเฎฟ
(เฎ†) เฎชเฏ†เฎฏเฎฐเฎณเฎตเฏเฎ•เฏ เฎ•เฏ‚เฎฒเฎฟ
(เฎ‡) เฎจเฏ‡เฎฐเฎ•เฏ เฎ•เฏ‚เฎฒเฎฟ
(เฎˆ) เฎ‰เฎฃเฏเฎฎเฏˆเฎ•เฏ เฎ•เฏ‚เฎฒเฎฟ

Wages that are paid on the basis of quantum of work done is

(a) Piece wages
(b) Nominal wages
(c) Time wages
(d) Real wages

Answer: Piece wages

14. เฎšเฎฟเฎฎเฏ†เฎฃเฏเฎŸเฏ เฎ‰เฎฑเฏเฎชเฎคเฏเฎคเฎฟเฎฏเฎฟเฎฒเฏ เฎคเฎฎเฎฟเฎดเฏเฎจเฎพเฎŸเฏ เฎ‡เฎจเฏเฎคเฎฟเฎฏ เฎ…เฎณเฎตเฎฟเฎฒเฏ _______ เฎจเฎฟเฎฒเฏˆเฎฏเฎฟเฎฒเฏ เฎ‰เฎณเฏเฎณเฎคเฏ.

(เฎ…) เฎฎเฏเฎคเฎฒเฏ
(เฎ†) เฎฎเฏ‚เฎฉเฏเฎฑเฎพเฎฎเฏ
(เฎ‡) เฎ‡เฎฐเฎฃเฏเฎŸเฎพเฎฎเฏ
(เฎˆ) เฎจเฎพเฎฉเฏเฎ•เฎพเฎฎเฏ

In Indiaโ€™s total cement production, Tamil Nadu ranks :

(a) first
(b) third
(c) second
(d) fourth

Answer:

15. เฎชเฎฑเฏเฎฑเฎพเฎ•เฏเฎ•เฏเฎฑเฏˆเฎชเฏ เฎชเฏŠเฎฐเฏเฎณเฎพเฎคเฎพเฎฐ เฎ‡เฎฒเฎ•เฏเฎ•เฎฃเฎคเฏเฎคเฎฟเฎฉเฏ เฎ†เฎšเฎฟเฎฐเฎฟเฎฏเฎฐเฏ เฎฏเฎพเฎฐเฏ ?

(เฎ…) เฎ‡เฎฐเฎพเฎชเฎฟเฎฉเฏเฎธเฏ
(เฎ†) เฎ†เฎŸเฎฎเฏ เฎธเฏเฎฎเฎฟเฎคเฏ
(เฎ‡) เฎฐเฎพเฎชเฎฐเฏเฎŸเฏเฎšเฎฉเฏ
(เฎˆ) เฎฎเฎพเฎฐเฏเฎทเฎฒเฏ

Who has given scarcity definition of economics?

(a) Robbins
(b) Adam Smith
(c) Robertson
(d) Marshall

Answer: Robbins

16. เฎชเฏŠเฎฐเฏเฎคเฏเฎคเฎฟ เฎตเฎฟเฎŸเฏˆ เฎคเฏ‡เฎฐเฏเฎ• :

(1) เฎจเฏ€เฎฒเฎชเฏ เฎชเฏเฎฐเฎŸเฏเฎšเฎฟ(i) เฎŽเฎฃเฏเฎฃเฏ†เฎฏเฏ เฎตเฎฟเฎคเฏเฎคเฏเฎ•เฏเฎ•เฎณเฏ
(2) เฎฎเฎžเฏเฎšเฎณเฏ เฎชเฏเฎฐเฎŸเฏเฎšเฎฟ(ii) เฎ‡เฎฑเฎพเฎฒเฏ
(3) เฎšเฎพเฎฎเฏเฎชเฎฒเฏ เฎชเฏเฎฐเฎŸเฏเฎšเฎฟ(iii) เฎฎเฏ€เฎฉเฏ
(4) เฎ‡เฎณเฎžเฏเฎšเฎฟเฎตเฎชเฏเฎชเฏเฎชเฏ เฎชเฏเฎฐเฎŸเฏเฎšเฎฟ(iv) เฎ‰เฎฐเฎ™เฏเฎ•เฎณเฏ

(เฎ…) (1)-(iii), (2)-(i), (3)-(iv), (4)-(ii)
(เฎ†) (1)-(iii), (2)-(iv), (3)-(i), (4)-(ii)
(เฎ‡) (1)-(iv), (2)-(iii), (3)-(ii), (4)-(i)
(เฎˆ) (1)-(ii), (2)-(i), (3)-(iv), (4)-(iii)

Match the following :

(1) Blue Revolution(i) Oil seeds
(2) Yellow Revolution(ii) Shrimp
(3) Grey Revolution(iii) Fish
(4) Pink Revolution(iv) Fertilizers

(a) (1)-(iii), (2)-(i), (3)-(iv), (4)-(ii)
(b) (1)-(iii), (2)-(iv), (3)-(i), (4)-(ii)
(c) (1)-(iv), (2)-(iii), (3)-(ii), (4)-(i)
(d) (1)-(ii), (2)-(i), (3)-(iv), (4)-(iii)

Answer: (1)-(iii), (2)-(i), (3)-(iv), (4)-(ii)

17. เฎชเฏŠเฎฐเฏเฎณเฎพเฎคเฎพเฎฐเฎคเฏเฎคเฎฟเฎฑเฏเฎ•เฎพเฎฉ เฎจเฏ‹เฎชเฎฒเฏ เฎชเฎฐเฎฟเฎšเฏˆย  เฎฎเฎฐเฏเฎคเฏเฎคเฎฟเฎฏเฎพ เฎ•เฏเฎฎเฎพเฎฐเฏ เฎšเฏ†เฎฉเฏ เฎชเฏ†เฎฑเฏเฎฑ เฎ†เฎฃเฏเฎŸเฏ :

(เฎ…) 2008
(เฎ†)1998
(เฎ‡) 2010
(เฎˆ) 2000

Amartya Kumar Sen received the Nobel Prize in Economics in the year:

(a) 2008
(b) 1998
(c) 2010
(d) 2000

Answer: 1998

18. เฎ‰เฎฒเฎ•เฎฟเฎฒเฏ เฎตเฎฒเฏเฎตเฎพเฎฉ เฎชเฏŠเฎฐเฏเฎณเฎพเฎคเฎพเฎฐเฎ™เฏเฎ•เฎณเฏˆเฎ•เฏ เฎ•เฏŠเฎฃเฏเฎŸ เฎจเฎพเฎŸเฏเฎ•เฎณเฏ เฎตเฎฐเฎฟเฎšเฏˆเฎฏเฎฟเฎฒเฏ เฎ‡เฎจเฏเฎคเฎฟเฎฏเฎพเฎตเฎฟเฎฉเฏ เฎ‡เฎŸเฎฎเฏ:

(เฎ…) เฎเฎจเฏเฎคเฏ
(เฎ†) เฎจเฎพเฎฉเฏเฎ•เฏ
(เฎ‡) เฎชเฎคเฏเฎคเฏ
(เฎˆ) เฎเฎดเฏ

The position of Indian Economy among the other strongest economies in the world is :

(a) Fifth
(b) Fourth
(c) Tenth
(d) Seventh

Answer: Seventh

19. เฎšเฎฐเฎพเฎšเฎฐเฎฟ เฎ‰เฎฑเฏเฎชเฎคเฏเฎคเฎฟ (AP) -เฎฏเฏˆเฎ•เฏ เฎ•เฎฃเฎ•เฏเฎ•เฎฟเฎŸเฎชเฏ เฎชเฎฏเฎฉเฏเฎชเฎŸเฏเฎฎเฏ เฎšเฏ‚เฎคเฏเฎคเฎฟเฎฐเฎฎเฏ ________

(เฎ…) TP/MP
(เฎ†) ATP/N
(เฎ‡) TP/N
(เฎˆ) ATP/AN

Formula for calculating AP is :

(a) TP/MP
(b) ATP/N
(c) TP/N
(d) ฮ”ฮคฮก/ฮ”ฮ

Answer: TP/N

20. โ€œเฎฎเฎฉเฎฟเฎคเฎฉเฏเฎŸเฏˆเฎฏ เฎตเฎพเฎดเฏเฎ•เฏเฎ•เฏˆเฎฏเฎฟเฎฉเฏ เฎ…เฎฉเฏเฎฑเฎพเฎŸ เฎจเฎŸเฎตเฎŸเฎฟเฎ•เฏเฎ•เฏˆเฎ•เฎณเฏˆเฎชเฏ เฎชเฎฑเฏเฎฑเฎฟ เฎชเฏŠเฎฐเฏเฎณเฎฟเฎฏเฎฒเฏ เฎ†เฎฐเฎพเฎฏเฏเฎ•เฎฟเฎฑเฎคเฏโ€ เฎŽเฎฉเฏเฎฑเฏ เฎ•เฏ‚เฎฑเฎฟเฎฏเฎตเฎฐเฏ:

(เฎ…) เฎ†เฎฒเฏเฎƒเฎชเฎฟเฎฐเฎŸเฏ เฎฎเฎพเฎฐเฏเฎทเฎฒเฏ
(เฎ‡) เฎšเฎพเฎฎเฏเฎตเฏ‡เฎฒเฏเฎšเฎฉเฏ
(เฎ†) เฎ†เฎŸเฎฎเฏ เฎธเฏเฎฎเฎฟเฎคเฏ
(เฎˆ) เฎ‡เฎฒเฎฏเฎฉเฎฒเฏ เฎฐเฎพเฎชเฎฟเฎฉเฏเฎธเฏ

โ€œEconomics is a study of mankind in the ordinary business of lifeโ€ โ€“ It is the statement of:

(a) Alfred Marshall
(b) Adam Smith
(c) Samuelson
(d) Lionel Robbins

Answer: Alfred Marshall

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