(A) Are transferable
(B) Have utility
(C) Are scarce
(D) All the three
Author:
Scarcity of resources leads to:
(A) Unsatisfaction of human wants
(B) Evaluation of alternative uses of scarce
resources
(C) Both
(D) None
Which of these resources would be called as land in economics:
(A)Coal mines of Bihar
(B)Water resources of Uttaranchal
(C)Mineral deposits of Jharkhand;
(D)All of the above
Economic resources are:
(A)Unlimited
(B)Limited in supply and use
(C)Limited in supply but have alternative uses;
(D)Unproductive
Normative economic theory deals with:
(A)What is or how the economic problem facing the
society are solved;
(B)How the problem should be solved
(C)What to Produce ;
(D)How to produce
Micro economics theory deals with:
(A)Economic behavior of individual economic decision
making units;
(B)Economy as a whole
(C)Economy as a whole
(D)Economic growth of the society
PE occurs on the higher IC in case of:
(A) Engel curves
(B) Hickson analysis
(C) Slutkesy approach
(D) None of the above
The slope of budget line shows the price ratios of:
(A) Many goods
(B) Two goods
(C) Few goods
(D) A few goods