WorksheetsIntroduction chapter 1
Total questions: 10
Worksheet time: 10mins
which of the following is not a central problem of economy
How to produce
when to produce
what to produce
For whom to produce
When to produce
Labour intensive Technique are chosen in a
Labour surplus economy
capital surplus economy
Developed economy
Developing Economy
The word Economics is most closely connected with the word
free
scarcity
unlimited
restricted
Opportunity cost is the
(a)
Scarcity refers to
Give two examples of Macro economics
(a)
The
fundamental economic problem being faced is
Unlimited
human wants
Limited
wants and unlimited resources
Unlimited
wants and scarcity of resources
Limited
wants and limited resources
PPC is generally (Shape of the curve)
(a)
What is the slope of PPC curve
(a)
What do you mean by Positive Economics
(a)
