Economics Quiz 03 Preparation Online

Test Instructions

Economics Quiz 03 Preparation Online

1. Which from the following are features of a modern economy ?

 
A.
B.
C.
D.

2. The branch of economics concerned with the use of statistical methods to obtain empirical results for economic relations is known as ?

 
A.
B.
C.
D.

3. Which from the following economic resources cannot be converted into commodity ?

 
A.
B.
C.
D.

4. The branch of economics concerned with the behavior of markets, firms, and households is known as ?

 
A.
B.
C.
D.

5. When no firm or consumer is large enough to affect the market price, the market is assumed to have ?

 
A.
B.
C.
D.

6. Which from the following are the results of imperfect competition in the markets ?

 
A.
B.
C.
D.

7. The branch of economics concerned with overall performance of the economy is known as ?

 
A.
B.
C.
D.

8. Subsidies are used to encourage __________ of a commodity.

 
A.
B.
C.
D.

9. Taxes are used to discourage __________ of a commodity.

 
A.
B.
C.
D.

10. An economy is producing efficiently when no individual’s economic welfare can be improved unless ?

 
A.
B.
C.
D.


 

Leave a Reply

Your email address will not be published. Required fields are marked *

Copy Paste blocker plugin by jaspreetchahal.org