Nature & Scope on Economics Test 02 Mcqs Preparation Online Leave a Comment / Economics / By Shani Malik Nature & Scope on Economics Test 02 Mcqs Preparation Online 1. Adam Smith was a:A. Good sports manB. A modern economistC. Classical economistD. Was a Saint Loading... 2. Basic economic problem is:A. ScarcityB. PovertyC. Inflation D. Unemployment Loading... 3. Microeconomics concentrates:A. In all countries of the worldB. When society produces unimportant or silly goodsC. In only poor countries D. In a country that uses resources inefficiently Loading... 4. Normative economics:A. Involves opinions and interpretations B. Deals solely with the facts C. Is never studied in collegesD. Is clearly preferable to positive economics Loading... 5. Three basic economic problems:A. Why, where, and whenB. What, which and how muchC. What, how and for whomD. What, which, why Loading... 6. Microeconomics concentrates:A. Economic development of PakistanB. International economic relationsC. Individual economic unitsD. On inflation Loading... 7. Economics:A. Is a social scienceB. Is more important than mathematicsC. None of theseD. Should be made compulsory for every student Loading... 8. Economic law:A. Are unscientificB. Must be followedC. Show economic behavior of peopleD. Are hated by people Loading... 9. Macroeconomic deals with:A. How to buy groceries B. Aggregate economic activityC. Industrial activityD. Establishment of a new firm Loading... 10. A positive statement:A. Is always accurateB. Cannot be tested in the real worldC. Deals with values and opinionsD. Concerns 'what is' Loading... Loading... Related NTS Results Post:Islamiat Mcqs Test 02 Online PreparationIslamiat Mcqs Test 03 Online PreparationChemistry MCQs Test 07 Online PreparationChemistry MCQs Test 06 Online PreparationChemistry MCQs Test 05 Online PreparationBiology Mcqs Test 12 Online PreparationIslamiat Mcqs Test 01 Online PreparationBiology Mcqs Test 06 Online Preparation
