Font size
WorksheetsLESSON 1- AE QUIZ
Total questions: 10
Worksheet time: 6mins
Make the best quality goods possible at the (a) cost possible, Paying highest wages as possible. - Henry Ford
Father of Modern Economics
(a)
A economist who introduced labour theory of value.
David Ricardo
John Maynard Keynes
Milton Friedman
Beatrice Webb
A economist who introduced the steady increase of the supply of money within growing economies.
David Ricardo
John Maynard Keynes
Milton Friedman
Beatrice Webb
A economist who introduced cooperative movement economic theory.
David Ricardo
John Maynard Keynes
Milton Friedman
Beatrice Webb
The study of the ways that individuals and societies allocate their limited resources to satisfy their unlimited wants
(a)
It concerned with the explanation and prediction of observed phenomena in the society.
Economics as Applied Science
Economics as Social Science
Economics as Industrial Science
It follows a systematic procedure to solve issues and problems of the society
Economics as Applied Science
Economics as Social Science
Economics as Industrial Science
What are the 2 field of Economics?
Macroeconomics
Microeconomics
Consumer
Producer
Who are the economic agents/stakeholders?
Customers
Public Sector
Consumer
Producer
