WorksheetsECONOMICS
Total questions: 8
Worksheet time: 13mins
Name
Class
Date
1.
WHO IS THE FATHER OF ECONOMICS ?
a)
ALFRED MARSHELL
b)
LIONEL ROBINS
c)
ADAM SMITH
d)
J.M KEYNES
2.
THE AUTHOR OF 'THE GENERAL THEORY OF EMPLOYMENT INTEREST AND MONEY'
a)
J.R HICKS
b)
J.M KEYNES
c)
ADAM SMITH
d)
ALFRED MARSALL
3.
Economics is...
a)
studying goods, services, and how people can get them.
b)
studying trees, bushes, and other plants.
c)
studying animals and wildlife.
d)
studying food, and how food is made.
4.
The core problem in economics study is
a)
Money
b)
Scarcity
c)
Production
d)
Allocation
5.
Which type of economy is based on traditions and beliefs?
a)
Command
b)
Market
c)
Traditional
d)
Mixed
6.
TYPE OF ECONOMICS SYSTEM FOLLOWED BY INDIA ?
a)
MIXED ECONOMY
b)
CAPITALIST ECONOMY
c)
TRADITIONAL ECONOMY
d)
SOCIALIST ECONOMY
7.
What is demand?
a)
the amount of an item you have
b)
how many people want your good/service
c)
the money you have left over after you paid your bills
d)
none of these
8.
What is supply?
a)
the amount of an item you have
b)
how many people want your good/service
c)
the money you have left over after you paid your bills
d)
none of these
100 %
