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. Basic economic problem is:A. PovertyB. ScarcityC. InflationĀ D. Unemployment Loading... 2. Three basic economic problems:A. What, which, whyB. What, which and how muchC. Why, where, and whenD. What, how and for whom Loading... 3. Microeconomics concentrates:A. When society produces unimportant or silly goodsB. In only poor countries C. In a country that uses resources inefficientlyD. In all countries of the world Loading... 4. Economics:A. Is more important than mathematicsB. None of theseC. Is a social scienceD. Should be made compulsory for every student Loading... 5. Normative economics:A. Is clearly preferable to positive economicsB. Involves opinions and interpretations C. Deals solely with the facts D. Is never studied in colleges Loading... 6. A positive statement:A. Deals with values and opinionsB. Is always accurateC. Concerns 'what is'D. Cannot be tested in the real world Loading... 7. Microeconomics concentrates:A. Individual economic unitsB. Economic development of PakistanC. International economic relationsD. On inflation Loading... 8. Economic law:A. Are unscientificB. Are hated by peopleC. Show economic behavior of peopleD. Must be followed Loading... 9. Adam Smith was a:A. Good sports manB. A modern economistC. Was a SaintD. Classical economist Loading... 10. Macroeconomic deals with:A. Industrial activityB. Aggregate economic activityC. Establishment of a new firmD. How to buy groceries Loading... Loading... Related NTS Results Post:Nature & Scope on Economics Test 01 Mcqs Preparation OnlineNature & Scope on Economics Test 04 Mcqs Preparation OnlineNature & Scope on Economics Test 03 Mcqs Preparation OnlineEconomics Solved MCQs Test 01 Preparation OnlineEconomics Solved MCQs Test 02 Preparation OnlineZoology Scope and Origin of Life MCQs Test 04…Zoology Scope and Origin of Life MCQs Test 05…Zoology Scope and Origin of Life MCQs Test 02…