Economics

National Income & Gross domestic Products are studied under "Microeconomics".

• True

• False

If the government tells, what to produce, when to produce and whom to produce" it's a command Economy

• True

• False

BArtering is when people exchange goods & services without the use of money.

• True

• False

If an economy has both features of market and command economies, it's a traditional economy.

• True

• False

If you have 50$ and the shirt you want to buy is for 150$, it's an example of scarcity.

• True

• False

Mary couldn't join the office lunch due to her engagement ceremony.

It's an example of scarcity

• True

• False

The Law of demand says "if the prices of goods will be low, consumers will buy more".

• True

• False

UAE will be number one in 2021 as per the "GDP per capita income" ranking.

• True

• False

• Not sure

Depending on no-oil sectors for income would help UAE to be the strongest country in the world.

• True

• False

Economics would be my major in postgraduate. :p

• True

• False

• Maybe

• Not at all