MOCK TEST FOR GRADE 9 2nd

1. What is the fundamental economic problem?

2. What is the basic unit of the economy to which every individual belongs?

3. Study of the economy as a whole.

4. Father of Microeconomics

5. Father of Macroeconomics

6. The concept on the use of resources that means “what may be abundant to some people may be scarce or limited to others”

7. Studies the economic behaviors and decisions made by the small units of the economy.

8. It is defined as the basic requirement for survival.

9. Who created the hierarchy of needs?

10. Things that people wish.