(A) Economics Aggregates
(B) The behavior of firms
(C) The activities of individual units
(D) None of the above
Category: Economics Mcqs
Users will find here Economics Mcqs for NTS, CSS, PMS, PPSC, FPSC, KPPSC, AJKPSC, BPSC, PTS, SPSC, Lecturer and all other types of Competitive Exams and Interviews. Economics students can prepare their Economics Portion for all test from here.
Which of the following is not one of the basic economics?
(A) How to maximize economic growth
(B) What to produce
(C) Who to produce for
(D) How to produce
Human wants are?
(A) Limited
(B) Unlimited
(C) Fixed
(D) Likely to decrease to over time
Resources in an economy?
(A) Always increase over time
(B) Are limited at any moment in time
(C) Can never decrease
(D) Are always found
First Nobel prize in the field of economics was given in?
(A) 1965
(B) 1968
(C) 1969
(D) 1972
The sacrifice involved when you choose a particular course of action is called the?
(A) Consumer cost
(B) Producer cost
(C) Opportunity cost
(D) Alternative
Normative economics forms __ based on __.
(A) Opinion personal facts
(B) Positive statements, facts
(C) Positive statements values
(D) Opinions facts
In a free market?
(A) Government interferes
(B) Prices adjust to reconcile scarcity and desires
(C) Government intervenes
(D) None of the above