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Class 12 Economics (Macro Economics) Chapter 1 Introduction Quiz 8 (25 MCQs)

Quiz Instructions

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1. When unlimited wants is greater than limited resources it is know as?
2. Which of these questions are not part of the core economic questions?
3. Micro economics helps in determining the factor rewards for land, labour, capital, and entrepreneur.
4. Macro Economics helps in ..... formulation
5. If there is unemployment, economy would be producing ..... the PPC.
6. Micro word is derived from
7. Economic Growth is a ..... concept
8. The fundamental economic prblm which is being faced is
9. Microeconomics is that part of economic theory which studies the behaviour of ..... units of an economy.
10. Voluntary exchange is the free and willing exchange of goods and services where both parties .....
11. Rational decision means:consumers buy the type of goods that the average person buys
12. Quantity measured at a point of time
13. Which of the following Is the cause of economic prblm
14. In which Economic Analysis, we study how the different mechanisms function?
15. Economics is
16. Great depression of ..... led to fall in output and employment
17. Who controls economic activities under centrally planned economy?
18. The Federal Open Market Committee
19. Which of these three economic system, applied in North Korea?
20. ..... Is the value of the next best alternative in decision making
21. Macro Economics is a study of .....
22. Pilihlah satu (1) pernyataan tidak tepat mengenai pengukur keberhasilan ekonomi Makro
23. It helps the organization and management in determining the strong features of the optimal choice of action
24. Which of the following statements is normative?
25. PPC curve is generally ..... to the point of Origin.
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