Name the economist who analyses the subject matter of economics intotwo branches: micro economic analysis and macro economic analysis.

Practice MCQ for SSC, UPSC, RRB Exams

A. Adam Smith A.

B. Alfred Marshall B.

C. Ragner Frisc C.

D. P A Samuelson D.

Correct Answer: C সঠিক উত্তর: C

Explanation ব্যাখ্যা

Ragnar Frisch is a Norwegian economist who first introduced the terms "microeconomics" and "macroeconomics" in 1933.
Microeconomics: Focuses on the actions of individuals and industries. For example, it studies the effects of minimum wages, taxes, and monopolies on individual markets.
Macroeconomics: Studies the behavior of an economy as a whole. For example, it studies the effect of monetary and fiscal policy on the economy as a whole, rather than on a specific individual or industry.

Frisch was also a co-recipient of the first Nobel Memorial Prize in Economic Sciences in 1969.

Name the economist who analyses the subject matter of economics intotwo branches: micro economic analysis and macro economic analysis.

Practice MCQ for SSC, UPSC, RRB Exams

Correct Answer: C সঠিক উত্তর: C

Explanation ব্যাখ্যা

Related Questions সম্পর্কিত প্রশ্ন