Demand and Supply Mcqs Test 05 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 05 Preparation Online

1. Microeconomics deals with the?
A.
B.
C.
D.

2. An economic theory is?
A.
B.
C.
D.

3. Demand for a commodity refers to a?
A.
B.
C.
D.

4. Formulation of an economic theory involves?
A.
B.
C.
D.

5. Which of the following is incorrect?
A.
B.
C.
D.

6. Who defined Economics as a 'Science which studies human behaviour as a relationship between ends and means which have alternative uses?
A.
B.
C.
D.

7. Which of the following is Microeconomics concerned with?
A.
B.
C.
D.

8. Identify the aspect of taxation which is related to normative economics?
A.
B.
C.
D.

9. Which is not an essential feature of a socialist economy?
A.
B.
C.
D.

10. A mixed economy is characterised by the co-existence of?
A.
B.
C.
D.


 

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