ECONOMICS QUIZ

Scarcity of resource gives rise to______

In a central planted economy all important decisions are made by_______

______is a set of arrangement where economic agent can freely exchange their endowment are products which each other

In reality all economics are____

Normative Economics is studies_____

Microeconomics is also known as____theory

Positive economics can be verified with the_____ data

Opportunity cost is also known as_____cost

Want satisfying capacity of a commodities is____

Two indifference curves never _____ each other.