WorksheetsChapter 1 Macroeconomics
Total questions: 12
Worksheet time: 7mins
What is known as the study of individual units?
Macroeconomics
Microeconomics
Income and Employment Theory
Development economics
What is the main cause of all economic problems?
Abundance
Convenience
Scarcity
None of these
Study of aggregate is known as_____
Microeconomics
Macroeconomics
Price theory
Factor price determination
What is the name of book written by J.M Keynes ?
Wealth of Nations
Political Economy
The General Theory of Interest and Money
Macroeconomics
When was the famous book of Prof. Keynes published ?
1931
1930
1936
1940
When did the great depression occur ?
1929-30
1934-35
1938-39
1941-42
Who is known as father of modern macroeconomics ?
Adam Smith
John Maynard Keynes
J.S Mill
J.B Say
Mr Raju wants to study the National Income. Which branch of Economics will he have to study ?
Microeconomics
Macroeconomics
Price theory
National Income Calculator
Mother of all economic problems is (a)
Which of the following is not a factors of production
Capital
Labour
Entrepreneur
Profit
What are the four sectors of an economy
Household, firm, Government, Rest of the world
Rent, interest, profit,wages
Land, labour, Capital, Organisation
Sector 1, sector 2, sector 3, sector 4
Laissez-faire in economics means
Full government intervention
government minimally intervenes in the economy/ No government intervention
Mixed economy
Lezzy economy
