Introduction to Micro Economics

Introduction to Micro Economics

12th Grade

6 Qs

quiz-placeholder

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Introduction to Micro Economics

Introduction to Micro Economics

Assessment

Quiz

Other

12th Grade

Easy

Created by

Vijeth S Kumar

Used 1+ times

FREE Resource

6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1,What is the shape of a production possibility curve?

Convex to origin

Concave to origin

Horizontal

Vertical

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

2,How does a market economy solve central economic problems?

Central planning

Price mechanism

Both (i) and (ii

None of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. 3. Scarcity definition was given by:

Adam Smith

Alfred Marshal

Lionel Robbins

Samuelson

4.

OPEN ENDED QUESTION

3 mins • 1 pt

6, Give 2 examples of resources in economics

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

1 min • 1 pt

Media Image

Identify the Graph?

Evaluate responses using AI:

OFF

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

  1. 8. An investigation in economics concerned with it is rather than what ought to be?

Positive Economics

Normative Economics

Micro Economics

Macro Economics