
MEANING OF ECONOMICS (Definition and Scope)

Quiz
•
Education
•
10th - 12th Grade
•
Medium
VICTORIA ABIOLA
Used 8+ times
FREE Resource
18 questions
Show all answers
1.
OPEN ENDED QUESTION
1 min • 1 pt
What is the name of your school?
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2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Economics can best be defined as the study of ______________
How to spend the family income efficiently
How to find the minimum cost of production
The interpretation of scarce resources and date
How scarce resources can be used efficiently
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Economics is best described as the study of ___________
The wealth of nations
How man consumes his products
How man provides for his everyday needs
The distribution of wealth
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Economics can be defined as the study of ___________
How to spend the family income efficiently
How to find the minimum cost of production
The interpretation of scarce resources and data
How scarce resources can be efficiently used
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Economics is a social science because it
studies human behaviour
Provides people with the commodities they want
Deals with limited resources with alternative uses
Is related to how choice is made
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which of the following defines Economics most comprehensively?
The study of buying and selling
The organization of industries and markets
The study of human behaviour in the allocation of scarce resources
the study of market forces as they affect human behavior
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The study of economics enables individuals to ___________
Evade taxes
Accumulate huge wealth
Make rational decision
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