(A) Status fulfillment
(B) Marginal cost
(C) Utility
(D) Rational outcome
Tag: Economics Mcqs With Answers
Word “Utility” means?
(A) Pleasure and satisfaction
(B) Rationality
(C) Versatility and flexibility
(D) Purposefulness
Who is known as father of economics?
(A) David Ricordo
(B) Adam Smith
(C) J.P Kense
(D) Mankew
Macroeconomics deals with?
(A) Economics Aggregates
(B) The behavior of firms
(C) The activities of individual units
(D) None of the above
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