MBA Managerial Economics Quiz
Authored by Preeti Preeti
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economics is the study of:
Unlimited resources
Scarcity and choice
Only money
Politics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The word 'Economics' comes from the Greek word 'Oikos' meaning:
Money
House
Wealth
Work
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who defined economics as the study of wealth of nations?
Lionel Robbins
Alfred Marshall
Adam Smith
Karl Marx
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Lionel Robbins' definition of economics focuses on:
Wealth
Human behavior with scarce resources
Utility
Trade
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of microeconomics?
Inflation in a country
Unemployment rate
Price of milk in the market
National income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Macroeconomics studies:
Households and firms
Individual prices
The economy as a whole
Cost of one product
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Positive economics is concerned with:
What is
What ought to be
Moral values
None of the above
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