Introduction to Economics
12th Grade
•56 Qs
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Introduction to Economics
Quiz
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Other
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12th Grade
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Practice Problem
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Hard
Nilesh Waradkar
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56 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the two Broad Branches of Economics
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the Meaning of Micro Economics
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain the Meaning of Macro Economics
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4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Distinguish Between Micro and Macro Economics
Demand and supply are the major tools of micro economics
Price determination and Allocation of resources are the central problem of micro economics
It studies economy as a whole
Determination of income and Employment are the central problem of macro economics
It studies the individual Economic unit
5.
OPEN ENDED QUESTION
3 mins • 1 pt
What do you mean by scarcity of resources?
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
What do you mean by problem of choice?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
What is meant by economic problem?
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