WorksheetsEconomics Quiz 1
Total questions: 12
Worksheet time: 14mins
The scare resources of an economy have
Competing usages
Unlimited usages
Single usages
None of the above
Which of the following is an example of micro Economics study
National Income
Consumer behavior
Unemployment
Foreign trade
Central problems of an economy includes
What to produce
How to produce
For Whom to produce
All of the above
Traditionally, The subject matter of Economics has been studied under the following broad branches
Micro and macro economics
Positive and normative economics
Deductive and inductive
None of the above
Scarcity of the resources gives raises to-------
(a)
In a centrally planned economy all important decisions are made by --------
(a)
------- is a set of arrangements where economic agents can freely exchange their endowments or products with each other
(a)
In reality , all economies are ------
(a)
Why does the problem of choice arise ?
How do you define production possibility curve (PPF)?
Difference between Micro economics and macro Economics ?
Traditionally, The subject matter of Economics has been studied under the following broad branches
Micro and macro economics
Positive and normative economics
Deductive and inductive
None of the above
