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Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 7 (25 MCQs)

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1. Rima had 500 rupees. She bought water and food for her house. She then bought notebooks for her classwork. She recharged her phone so that she could study. When her friend asked if she wants to buy toys she said no. What did Rima do?
2. Nabeeha is interested in knowing the level of unemployment in India.
3. In order to have everything we could ever want we would need
4. The field in applied economics in which quantitative methods and economic theory to analyze business enterprises
5. The cost advantages a firm obtains as a result of expansion
6. The economy, in which the market plans all the important activities is known as the .....
7. Micro economics is the study of ..... Units
8. Word 'Resource' in Economics implies
9. The condition of consumer equilibrium under cardinal approach in case of one commodity is
10. Which of the following is an example of a positive economics
11. When unemployment is high, what can the government do to help?
12. Positive statements are the statements of truth
13. Basic economic activities
14. What determines the total amount of employment and unemployment?
15. Which of these is not assumption of PPC?
16. Which goal of national economies looks to maximize the benefit of resources while preventing waste?
17. Concepts studies under micro economics
18. ..... arises where having more of one thing potentially results in having less of another.
19. How are resources allocated in a a market economy?
20. Studying the choices a family makes to buy goods is an example of .....
21. Economics as science of .....
22. Penurunan nilai rupiah terhadap mata uang asing disebut dengan .....
23. Which part of economic theory aims to determine income and employment level of th eeconomy
24. Scarcity can best bedefined as
25. The economy in which the government or the central authority plans all the important activities is knows as the .....
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