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Introduction
Question
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Give any three misgivings of about statistics.

Answer

1. Statistics is a rainbow of lies. 2. Statistics can prove anything. 3. Statistics are like clay of which you can make a god or devil as you please.

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Some More Questions From Introduction Chapter

Define Economics.

Define economic activity.

Who is a consumer ?

What is consumption ?

Who is a producer ?

What is production ?

What is saving ?

Define investment.

Who are the agents of production ?

Define economic problem.