Economics Fundamentals
Authored by Sweta Borkar
Other
11th Grade
Used 3+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Fundamental concept of Economics about resources is that the resources are
Equally Distributed
Unequally Distributed
Scarce
Unlimited
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Consider a world without scarcity of resources. Then what would be the consequences?
All prices would be zero
Markets would be unnecessary
Economics would no longer be a useful subject
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is considered the founder of Microeconomics?
Adam Smith
John keynes
Friedrich Hayek
Milton Friedman
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Founder of Modern Macroeconomics is (a)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When analyzing the impact of a variable on the economic system, the other things
Must be kept constant
Must also be analysed
Must not be taken into consideration
None of these
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Factors of Production are ______,______ and ________.
(a)
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Goods produced to produce yet other goods is called (a)
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