Economics Nature & Scope on Economics Test 02 Mcqs Preparation Online Nature & Scope on Economics Test 02 Mcqs Preparation Online 1. Microeconomics concentrates:A. When society produces unimportant or silly goodsB. In a country that uses resources inefficientlyC. In only poor countries D. In all countries of the world Loading... 2. Economic law:A. Are hated by peopleB. Must be followedC. Are unscientificD. Show economic behavior of people Loading... 3. Economics:A. None of theseB. Should be made compulsory for every studentC. Is a social scienceD. Is more important than mathematics Loading... 4. A positive statement:A. Is always accurateB. Concerns 'what is'C. Cannot be tested in the real worldD. Deals with values and opinions Loading... 5. Normative economics:A. Deals solely with the facts B. Is never studied in collegesC. Is clearly preferable to positive economicsD. Involves opinions and interpretations Loading... 6. Basic economic problem is:A. PovertyB. ScarcityC. UnemploymentD. InflationĀ Loading... 7. Macroeconomic deals with:A. Industrial activityB. How to buy groceries C. Establishment of a new firmD. Aggregate economic activity Loading... 8. Three basic economic problems:A. Why, where, and whenB. What, how and for whomC. What, which, whyD. What, which and how much Loading... 9. Adam Smith was a:A. Was a SaintB. A modern economistC. Classical economistD. Good sports man Loading... 10. Microeconomics concentrates:A. On inflationB. Economic development of PakistanC. Individual economic unitsD. International economic relations Loading... Loading... Related PostsNature & Scope on Economics Test 04 Mcqs Preparation OnlineNature & Scope on Economics Test 01 Mcqs Preparation OnlineNature & Scope on Economics Test 03 Mcqs Preparation OnlineZoology Scope and Origin of Life MCQs Test 07 Preparation…Zoology Scope and Origin of Life MCQs Test 01 Preparation…Zoology Scope and Origin of Life MCQs Test 06 Preparation… Continue Reading Previous Nature & Scope on Economics Test 01 Mcqs Preparation OnlineNext Nature & Scope on Economics Test 03 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ