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WorksheetsIntroduction to Micro Economics & Macro Economics - 1
Total questions: 10
Worksheet time: 5mins
Micro economics: slicing method:: Macro economics:__________
Partitioning method
Lumping method
Division method
Producers and consumers take economic decision by _________ principle.
Principle of averages
Principle of marginalism
Principle of revenue
Principle of profit
'Ceteris paribus' means _________
Other things being changed
Other things being affected
Other things remaining constant
Other remaining parallel
_______ is the balance between two factors.
Equilibrium
Disequilibrium
Intersection
____________is the average of all prices of goods and services currently being produced in the economy.
General price level
Average price level
Price theory
The credit of developing Macro economic approach goes to_____
David Ricardo
Adam Smith
Lord Keynes
Kenneth Boulding
Consumption function and investment function are the important aspect of which theory?
Theory of distribution
Theory of growth and development
Theory of income and employment
Theory of Overall Economic Efficiency
Micro economics helps in determining the factor rewards for land, labour, capital, and entrepreneur.
Theory of Product Pricing
Theory of Factor Pricing
Theory of Economic Welfare
Theory of Income & Employment
Price of a product is determined by two major forces.
Demand
Supply
Price of input
Level of stock
Find odd word out
Theory of product pricing
Theory of factor pricing
Theory of economic growth & development
Theory of economic welfare
