Which of
the following subject matter studies in Micro Economics.
Theory
of consumers behaviour
Aggregate
demand and supply
Govt.
Budget
National
Income
Which subject matter does not study in Macro Economics.
(a) Employment level (b) Aggregate demand & Supply
(c) National Income (d) Individual Firm
Economics problem arises because
(a) Resources are scare (b) wants are unlimited
Resources have alternative uses
above all
Which problem is not a central problem of an Economy?
(a) What to produce (b) How to produce
(c) For whom to produce (d) Indiscipline in students
Any point outside the boundary line of PPC shows:
under utilisation of Resource
unattainable combination of output
efficient utilisation of Resources
None of these
In which situation PPC shifts towards right
Resources are increased(b) Resources are reduced
(c) Inefficient technology (d) None of these
Slope of production possibility curve
(a) Slope downward (b) Parallel to X-axis
(c) Slope upward (d|) Above all
An Economy produces two goods Wheat and Cloth. Find out marginal opportunity cost by the following table
Wheat Cloth
100 0
90 25
|
(a)
|
1
|
(b)
|
.4
|
|
(b)
|
10
|
(d)
|
.25
|
Ans. 1. (a); 2. (d); 3. (d); 4. (d); 5. (b); 6. (a); 7. (a); 8. (b).