Multiple choice

Who among the following was concerned with welfare economics?

  1. Prof. Robbins

  2. Adam Smith

  3. Prof. Samuelson

  4. Dr. Alfred Marshall

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Dr. Marshall was concerned with welfare economics. Prof. Robbins defined economics as a science of scarcity and choice. Adam Smith was concerned with economics of wealth. Prof. Samuelson defined economics as a science of dynamic growth and development.