
Economics Quiz
Authored by Raja Rajeshwari .S
Arts
11th Grade
Used 1+ times

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120 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
āEconomics is a study of mankind in the ordinary business of lifeā - It is the statement of ___
Adam Smith
Lionel Robbins
Alfred Marshall
Samuelson
2.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
The basic problem studied in Economics is __________.
Unlimited wants
Unlimited means
Scarcity
Strategy to meet all our wants
3.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Micro economics is concerned with __________.
The economy as a whole
Different sectors of an economy
The study of individual economic units behaviour
The interactions within the entire economy
4.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Which of the following is a micro economics statement?
The real domestic output increased by 2.5 percent last year.
Unemployment was 9.8 percent of the labour force last year.
The price of wheat determines its demand
The general price level increased by 4 percent last year.
5.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Find the odd one out:
āAn inquiry into the nature and the causes of the Wealth of Nationsā
āPrinciples of Economicsā
āNature and Significance of Economic Scienceā
āCeteris paribusā
6.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
The equilibrium price is the price at which __________.
Everything is sold
Buyers spend their money
Quantity demanded equals quantity supplied
Excess demand is zero
7.
MULTIPLE CHOICE QUESTION
30 sec ⢠1 pt
Author of āAn Inquiry into the Nature and Causes of Wealth of Nationsā __________.
Alfred Marshall
Adam Smith
Lionel Robbins
Paul A Samuelson
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