| 1 |
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
- A. 1776
- B. 1998
- C. 1931
- D. 1936
|
| 2 |
Economics laws |
- A. must be followed
- B. are hated by people
- C. show economic behavior of people
- D. are unscientific
|
| 3 |
Macro economics deals with |
- A. how to buy groceries
- B. aggregate economics activity
- C. establishment of a new firm
- D. industrial activity
|
| 4 |
Market system means |
- A. Socialism
- B. Capitalism
- C. a place where goods are traded
- D. all of the above
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| 5 |
All the products which are priced in the market are. |
- A. Non economic products
- B. Economic products
- C. Private products
- D. Public products
|
| 6 |
In economics, assumptions |
- A. make economics theory useless
- B. mean other things equal
- C. enable economics to simplify reality
- D. used in micro and not in macroeconomics
|
| 7 |
Ceteris paribus means |
- A. other things equal
- B. all variable are independent
- C. all relationships are inverse
- D. that no other assumptions are made
|
| 8 |
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
|
| 9 |
Wealth of Nations was written in |
- A. 1976
- B. 1876
- C. 1776
- D. 1676
|
| 10 |
According to Alfred Marshall, Economics should be taken as: |
- A. Positive economics
- B. Normative economics
- C. Welfare economics
- D. Applied economics
|