ECONOMICS QUIZ

Scarcity of resource gives rise to (a)  

In a central planted economy all important decisions are made by (a)  

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

In reality all economics are (a)  

Normative Economics is studies (a)  

Microeconomics is also known as (a)   theory

Positive economics can be verified with the (a)   data

Opportunity cost is also known as (a)   cost

Want satisfying capacity of a commodities is (a)  

Two indifference curves never (a)   each other.