Introduction to Micro Economics

Quiz
•
Other
•
12th Grade
•
Easy

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
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
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5.
OPEN ENDED QUESTION
1 min • 1 pt
Identify the Graph?
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6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
8. An investigation in economics concerned with it is rather than what ought to be?
Positive Economics
Normative Economics
Micro Economics
Macro Economics
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