2PU ECONOMICS QUIZ

Scarcity of resource gives rise to

In a centrally plant economy all important decisions are made by_______

Reality all economics are_____

_____is a set of arrangement where economic agents can freely exchange endowments with each other

Wants satisfying capacity of commodity is____

Two indifference curve never ____each other

As income increases the demand curve for normal goods shift towards_____

The demand for a good moves in the _____direction of its price

Method of adding two individual demand curve is called as______

In the long run all inputs are_____