ECONOMICS QUIZ

The things purchased by Consumer is called as

• Supply

• Consumer

• Producer

• Goods

A person who provides a good or service is called

• Producer

• Need

• Consumer

• Want

What is the money paid to government through income, purchases and sale of property is called

• Human resources

• Taxes

• Goods

• Scarcity

Goods made in India and then sent to other countries are called _________ goods.

• Consumer

• Import

• Export

• Saving

What is the definition of Economics ?

• The study of political and social interactions.

• The study of human behaviour and attitudes.

• The study of the production and distribution of goods and services.

• The study of past events and the impact they have/had on people.