ECONOMICS QUIZ
Authored by Manu Vamshi
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12th Grade
Used 3+ times
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40 questions
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1.
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1 min • 20 pts
Scarcity of resource gives rise to (a)
2.
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1 min • 20 pts
In a central planted economy all important decisions are made by (a)
3.
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1 min • 20 pts
(a) is a set of arrangement where economic agent can freely exchange their endowment are products which each other
4.
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1 min • 20 pts
In reality all economics are (a)
5.
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1 min • 20 pts
Normative Economics is studies (a)
6.
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1 min • 20 pts
Microeconomics is also known as (a) theory
7.
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1 min • 20 pts
Positive economics can be verified with the (a) data
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