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Introduction chapter 1

Total soal: 10

Worksheet time: 10mins

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1.

which of the following is not a central problem of economy

a)

How to produce

b)

when to produce

c)

what to produce

d)

For whom to produce

e)

When to produce

2.

Labour intensive Technique are chosen in a

a)

Labour surplus economy

b)

capital surplus economy

c)

Developed economy

d)

Developing Economy

3.

The word Economics is most closely connected with the word

a)

free

b)

scarcity

c)

unlimited

d)

restricted

4.

Opportunity cost is the

(a)  

5.

Scarcity refers to

4 lines
6.

Give two examples of Macro economics

(a)  

7.

The

fundamental economic problem being faced is

a)

Unlimited

human wants

b)

Limited

wants and unlimited resources

c)

Unlimited

wants and scarcity of resources

d)

Limited

wants and limited resources

8.

PPC is generally (Shape of the curve)

(a)  

9.

What is the slope of PPC curve

(a)  

10.

What do you mean by Positive Economics

(a)