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. A positive statement:A. Deals with values and opinionsB. Cannot be tested in the real worldC. Is always accurateD. Concerns 'what is' Loading... 2. Macroeconomic deals with:A. Aggregate economic activityB. Industrial activityC. Establishment of a new firmD. How to buy groceries Loading... 3. Economics:A. Is a social scienceB. None of theseC. Is more important than mathematicsD. Should be made compulsory for every student Loading... 4. Adam Smith was a:A. Good sports manB. A modern economistC. Classical economistD. Was a Saint Loading... 5. Normative economics:A. Is never studied in collegesB. Deals solely with the facts C. Is clearly preferable to positive economicsD. Involves opinions and interpretations Loading... 6. Economic law:A. Are unscientificB. Must be followedC. Show economic behavior of peopleD. Are hated by people Loading... 7. Three basic economic problems:A. What, which, whyB. What, which and how muchC. Why, where, and whenD. What, how and for whom Loading... 8. Microeconomics concentrates:A. Individual economic unitsB. International economic relationsC. Economic development of PakistanD. On inflation Loading... 9. Basic economic problem is:A. Inflation B. UnemploymentC. PovertyD. Scarcity Loading... 10. Microeconomics concentrates:A. When society produces unimportant or silly goodsB. In only poor countries C. In all countries of the worldD. In a country that uses resources inefficiently Loading... Loading... Related NTS Results Post:Economics Solved MCQs Test 01 Preparation OnlineEconomics Solved MCQs Test 02 Preparation OnlineZoology Scope and Origin of Life MCQs Test 07…Zoology Scope and Origin of Life MCQs Test 01…Zoology Scope and Origin of Life MCQs Test 02…Zoology Scope and Origin of Life MCQs Test 03…Zoology Scope and Origin of Life MCQs Test 04…Zoology Scope and Origin of Life MCQs Test 06…
