Nature & Scope on Economics Test 02 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Nature & Scope on Economics Test 02 Mcqs Preparation Online 1. Microeconomics concentrates:A. Individual economic unitsB. Economic development of PakistanC. On inflationD. International economic relations Loading... 2. Economics:A. Should be made compulsory for every studentB. Is more important than mathematicsC. Is a social scienceD. None of these Loading... 3. Adam Smith was a:A. Good sports manB. Was a SaintC. A modern economistD. Classical economist Loading... 4. Macroeconomic deals with:A. How to buy groceries B. Industrial activityC. Aggregate economic activityD. Establishment of a new firm Loading... 5. A positive statement:A. Deals with values and opinionsB. Concerns 'what is'C. Cannot be tested in the real worldD. Is always accurate Loading... 6. Basic economic problem is:A. Inflation B. PovertyC. ScarcityD. Unemployment Loading... 7. Economic law:A. Must be followedB. Show economic behavior of peopleC. Are hated by peopleD. Are unscientific Loading... 8. Normative economics:A. Involves opinions and interpretations B. Is clearly preferable to positive economicsC. Deals solely with the facts D. Is never studied in colleges Loading... 9. Microeconomics concentrates:A. When society produces unimportant or silly goodsB. In a country that uses resources inefficientlyC. In all countries of the worldD. In only poor countries Loading... 10. Three basic economic problems:A. What, which, whyB. What, how and for whomC. What, which and how muchD. Why, where, and when Loading... Loading... Related NTS Results Post:Biology Mcqs Test 12 Online PreparationBiology Mcqs Test 08 Online PreparationBiology Mcqs Test 09 Online PreparationBiology Mcqs Test 11 Online PreparationBiology Mcqs Test 10 Online PreparationBiology Mcqs Test 13 Online PreparationBiology Mcqs Test 14 Online PreparationBiology Mcqs Test 15 Online Preparation
