class 11 Micro ch 1 & 2

Micro economics deals with ?

• Individual units

• Economy as a whole

• both

• none

Microeconomics focuses on -

• Income determination

• Employment determination

• Price determination

• all of these

an economy where all the economic decisions are taken by the government is known as ?

• market economy

• Centrally planned economy

• Mixed economy

• None

Positive statements in economics talk about

• opinions

• Facts

• both

• none

which of the following is a normative statement?

• the number of corona cases in India has gone beyond 60000

• The number of corona virus deaths in India are above 2000

• There are over 40 crore migrant workers in India

• Indian government should provide free transport to all migrant workers to help them reach their hometown.

Scarcity is the mother of all economic problems

• True

• False

What to produce is the central problem of choice of technique of production

• True

• False

Central Problems are not faced by Developed economies.

• True

• False

The shape of PPC is

• Downward sloping

• Concave to the origin

• both

• either of the two

The Slope of PPC is known as (a)