| 1 |
Wants are unlimited for: |
- A. Poor person
- B. Rich person
- C. All persons
- D. None of them
|
| 2 |
Who was the founder of classical school of thought? |
- A. Adam Smith
- B. Marshall
- C. Keynes
- D. Maithus
|
| 3 |
Economics is a science |
- A. Spiritual
- B. Social
- C. dismal
- D. moral
|
| 4 |
Robbins definition of economics spell out the existence of |
- A. Economics problem
- B. Social problem
- C. Political problem
- D. Moral problem
|
| 5 |
Economics problems arise because of |
- A. greed
- B. scarcity
- C. dishonesty
- D. laziness
|
| 6 |
Select the correct statement |
- A. Economics affects politics
- B. Economics affects history
- C. Geography affects economics
- D. all of the above are true
|
| 7 |
He described economics as a science of material welfare |
- A. Robbins
- B. Marshall
- C. Ricardo
- D. Keyness
|
| 8 |
Economic problems arises because of. |
- A. Unlimited wants.
- B. Scarcity of resources.
- C. Alternative use of resources.
- D. All of the above
|
| 9 |
Everyone should study economics is a |
- A. positive statement
- B. normative statement
- C. true statement
- D. nonsense
|
| 10 |
Three basic economics problems are |
- A. what, how and for whom
- B. why, where and when
- C. what, which and how much
- D. what, which and why
|