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WorksheetsEconomics
Total questions: 6
Worksheet time: 2mins
Name
Class
Date
1.
Who is the Father of Economics?
a)
Adem Smith
b)
Dr. Marshall
c)
Robbins
d)
Samuelson
2.
"Economics is an enquiry into the nature and causes of wealth of nations". defination is given by ?
a)
Samuelson
b)
Robbins
c)
Adem Smith
d)
Dr. Marshall
3.
"Material Welfare Definition" is given by.....
a)
Adem smith
b)
Marshall
c)
Robbins
d)
Samuelson
4.
When economists look at supply and demand schedules and/or supply and demand curves, what are the only two variables examined?
a)
Price and Demand
b)
Price and Supply
c)
Price and Quantity
d)
Price and Equilibrium Point
5.
Total Costs / Quantity = _____
a)
Marginal Cost
b)
Average Total Cost
c)
Implicit Cost
d)
Explicit Cost
6.
Any individual who purchases goods and services from the market for his/her end-use is called a..................
a)
Customer
b)
Purchaser
c)
Consumer
d)
All these
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