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Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 2 (25 MCQs)

Quiz Instructions

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1. ..... analysis helps in allocation of resources.
2. Opportunity cost of an activity is:
3. Which of the following is a statement of normative nature in economics
4. Find odd word out:
5. Which of the following is the basic economics problem faced by the society.
6. How many central problems will be there due to resource allocation
7. If Marginal rate of transformation is constant, then PPC would be ..... to the point of origin.
8. Economic Development is a ..... concept
9. The study of economics is divided into
10. Which economic prblm involves selection os category of people who will ultimately consume the goods
11. Which of the following best describes the central problem of 'For whom to produce'
12. What is meant by market forces?
13. Economics is a queen of social science. This term stated by whom
14. It is a Financial Gain, especially the difference between the amount earned and the amount spent
15. Principal characters of resources are:
16. Is this a micro-economic or a macro-economic Problem?Shortage in national steel production
17. What determines the price and quantity of individual goods and services?
18. A firm's total earnings from a specified level of sales within a specified period
19. The term 'micro' is derived from Greek word .....
20. What factors can cause a shift in the demand curve?
21. The value of Indonesia's Rupiah (IDR) will decreased if people decided to use more of Singaporean Dollar (SGD).
22. Which of the following is the economic activity?
23. What factors can cause a shift in the supply curve?
24. Micro economics:slicing method::Macro economics: .....
25. Labour intensive Technique are chosen in a
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