Question

Which of the following shows similarity between definitions given by Marshall and Robbins.
(i) Social and human science
(ii) Normative and positive science
(iii) Primary place to man rational man.
(iv) Classificatory and analytical definitions.

• A. i and ii
• B. ii and iii
• C. only iv
• D. Only iii

Answer 1

Answer: (D)

Only iii

Both Alfred Marshall and Lionel Charles Robbins defined economics as a study of human behaviour, where man acts very rationally in the first place while establishing relationship between goods in the first place.