12th - Economics Online Class (Chapter - 1) [2023-2024]

Who is the father of Mixedism?

• Alfred Marshall

• Adam Smith

• J.M. Keynes

• Karl Marx

Identify the flow of variable.

• Money supply

• Assets

• Income

• Foreign exchange reserves

The circular flow model that represents an open economy.

• Two Sector Model

• Three Sector Model

• Four Sector Model

• All the above

An economic system where the economic activities of a nation are done both by the private and public together is termed as _______

• Capitalistic Economy

• Socialistic Economy

• Globalist Economy

• Mixed Economy

The greatest drawback of mixedism is ______.

• Absence of incentives

• Lack of coordination

• Red Tapism

• Wastage of resources