According to the traditional approach, which of the following statements is correct regarding the scope of economics?
(i) Economics is a social science.
(ii) It studies the behavior of man as a rational social animal.
(iii) It is considered the science of wealth about human welfare.
1
Only (i) and (iii)
2
Only (i) and (ii)
3
(i), (ii) and (iii) all
4
Only (ii) and (iii)
5
Question Not Attempted