Question

Match the following:
Group A
1) Adam Smith
2) Micro Economics
3) Macro Economics
4) Prof. Marshall

Group B
A) Aggregates
B) Prof. Boulding
C) Father of Economics
D) Individual units
E) Economic efficiency
F) Principles of Economics

Answer 1

1-c, 2-d, 3-a, 4-f your answer complete

Answer 2

Explanation:

1) Adam Smith  --- C) Father of Economics

2) Micro Economics  --- D) Individual units

3) Macro Economics  --- A) Aggregates

4) Prof. Marshall  --- F) Principles of Economics

1) The Father of Economics is Adam Smith. He's the microeconomics founder. He stated how commodity prices and production factors are resolved in his book ' The Wealth of Nations,' released in 1776.

2) We study the behavior of individual financial units, primarily consumers and companies, in microeconomics.

3) We study the economy as a whole in macroeconomics. It focuses on aggregate measures like aggregate demand, aggregate supply and aggregate level of prices.

4) In 1890, a well-known neo-classical economist, Dr. Alfred Marshall, advocated the principles of economics.