The basic problem studied in Economics is

Micro econmics

Quiz
•
Education
•
11th Grade
•
Medium
jeyanthi anbu
Used 1+ times
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11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unlimited wants
Unlimited means
Scarcity
Strategy to meet all our wants
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Author of "an inquiry into the nature and causes of wealth of nations"
Alfred marshall
Adam smith
Lionel robbins
Paul A samuelson
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
______ have exchange value and their ownership rights can be established and exchanged.
Goods
Service
Markets
Revenue
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of reasoning from particular to general is____
Deductive method
Inductive method
Positive economics
Normative economics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Total revenue is equal to total output sold multiplied by_____
Price
Total cost
Marginal revenue
Marginal cost
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A market is
Only a place to buy things
Only a place to sell things
Only a place where prices adjust
A system where persons buy and sell goods directly or indirectly
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the Father of Economics?
Max Muller
Adam smith
Karl marx
Paul A samuelson
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