MICRO ECONOMICS

MICRO ECONOMICS

12th Grade

10 Qs

quiz-placeholder

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MICRO ECONOMICS

MICRO ECONOMICS

Assessment

Quiz

Other

12th Grade

Hard

Used 531+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Production Possibility curve can be..........
Concave
Convex
Straight
All of the above can be possible

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If there is destruction of resources in an economy the PPC
Shifts towards left hand side
Brings unemployment
Shifts towards right hand side
None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following assumption is not true in respect of PPC?
All the resources are fixed and are transferable
There is fullar utilization of resources
Advanced techenique of production is used
Only two goods can be produced in an economy

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following economic problem is not presented by PPC?
What to produce
How to produce
For whom to produce
Growth of resources

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the effect on PPC if there is growth of resouces ?
PPC shifts towards left hand side 
PPC shifts towards right hand side
There is movement on the same PPC
No effect on PPC

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not a matter of micro economics?
Producer's Behaviour
Market Demand
Monetary Policy
Price Determination

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not related to Macro Economics?
Market Supply
National Income
Aggregate Demand
Central Bank's Policy

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