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Microeconomics

The terms 'mi...

Question

The terms 'micro' and 'macro' economics were first used by ________.

A

Adam Smith

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B

Robbins

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C

Ragnar Frisch

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D

Prof. Marshall

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Solution

The correct option is C Ragnar Frisch
Ragnar Frisch is a Norwegian economist who created the terms 'microeconomics' and 'macroeconomics" for the first time in the year 1993.

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Similar questions

Q. The term micro and macro economics were first used by ________.

Q. Fill in the blanks with appropriate alternatives given in the brackets.

1) The terms Micro and Macro Economics were first used by _______________. (Adam Smith/ Robbins/ Ragner Frisch/ Marshall).

2) Micro Economics is a study of _________. (Whole economy/ general price level/ National output/ Individual economic unit).

3) Micro Economics is also called as ________________. (Income theory/ Price theory/ Growth theory/ Employment theory)

4) Micro Economic analysis adopts __________________ method. (lumping/ aggregative/ Slicing/ inclusive)

5) Micro Economics is a __________________________ equilibrium approach. (partial/ general/ total/ multi-variable).

Q. Match the pairs.

	Group "A"		Group "B"
(1)	Adam Smith	(a)	Principles of Economics
(2)	Micro Economics	(b)	Aggregates
(3)	Macro Economics	(c)	Prof. Boulding
(4)	Dr. Marshall	(d)	Father of Economics
(5)	Theory of Welfare	(e)	Individual Units
		(f)	Economic Efficiency

Q. The terms micro economics and macro economics were coined by ______________.

Q. Match the following

Group A	Group B
1) Adam Smith	A) Aggregates
2) Micro Economics	B) Prof. Boulding
3) Macro Economics	C) Father of Economics
4) Dr. Marshall	D) Individual units
	E) Economic efficiency
	F) Principles of Economics

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