Chap#2, Economic Problem
Authored by Asma Nadeem
Business
9th Grade
Used 2+ times
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is Economic Problem?
Unlimited Wants and Unlimited Resources
Unlimited Wants and Limited Means
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
parents can either buy medicines or toys with a limited amount of money.... This Economic problem can be solved by........
The economic problem must be solved according to their state of preference.
Buy both Medicine and toys
Buy toys only
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This rule of preference is proposed by
Professor Lionel Robbins
Professor Alfred Marshal
Adim Smith
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Means are Limited...here Means
Resources
Wants
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Ends are unlimited...here Ends
Resources
Wants
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is closely related to our ordinary life.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The means to satisfy wants are scare
True
False
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