Introduction to Micro Economics
Authored by Vijeth S Kumar
Other
12th Grade
Used 1+ times
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6 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
1,What is the shape of a production possibility curve?
Convex to origin
Concave to origin
Horizontal
Vertical
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2,How does a market economy solve central economic problems?
Central planning
Price mechanism
Both (i) and (ii
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3. Scarcity definition was given by:
3. Scarcity definition was given by:
Adam Smith
Alfred Marshal
Lionel Robbins
Samuelson
4.
OPEN ENDED QUESTION
3 mins • 1 pt
6, Give 2 examples of resources in economics
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5.
OPEN ENDED QUESTION
1 min • 1 pt
Identify the Graph?
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6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
8. An investigation in economics concerned with it is rather than what ought to be?
8. An investigation in economics concerned with it is rather than what ought to be?
Positive Economics
Normative Economics
Micro Economics
Macro Economics
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