APC BOOK INTRO MICRO

The word economics is most closely connected to the word

• Scarcity

• Unlimited

• Restricted

• Free

income and employment theory is a part of

• Macroeconomics

• Microeconomics

• Both a and B

• None of these

economics is the study of

• Managing unlimited resources by society

• Reducing wants until our satisfaction

• Managing scarce resources by society

• Satisfying fully limited wants

which of the following is related to microeconomics?

• Inflation in the economy

• Unemployment problem

• National income

• Income from postal department

microeconomics is concerned with

• Consumer behaviour

• Product pricing

• Factor pricing

• All of these

which of the following is the example of macro economics?

• Problem of unemployment in India

• Rising prize level in the country

• Increase in disparity of income

• All of these

which of the following is the studied under macro economics?

• National income

• Full employment

• Total production

• All of these

consumer behaviour is the study of

• Microeconomics

• Macroeconomics

• Income theory

• None of the above

human wants

• Are limited

• Are unlimited?

• Cannot be satisfied at all

• Should not be increased

microeconomics is concerned with the

• Behaviour of the society

• Behaviour of small units

• Behaviour of individual economic units

• Behaviour of consumers