91 Economics is which type of science?

Social

92 Why Economic problems arises?

Scarcity

93 Economics is both a social and a

Normative science

94 What does Ceteris Paribus means?

Other things remaining the same

95 In Economics what is the role of assumptions?

Enables economists to simplify reality

96 What does Normative Economics involve?

Opinions and interpretations

97 Basic economic problem is

Scarcity

98 What are the three basic economic problems?

What, how and for whom

99 What does Economic law shows?

Economic behavior of people

100 Who was Adam Smith?

Classical economist